A former trucking executive has been sentenced to 70 months in federal prison for wire fraud. But that’s not the surprising part – it seems like every few weeks there’s a story about a new former executive defrauding customers, banks, or drivers. What’s surprising about this is that even though the 64-year-old exec was only just now sentenced, when he committed the crime, he was in his 40s.
Chrisopher A. Jansen was the president of Baytree Investors, an investment company which would purchase and operate trucking companies. In 2001, Baytree bought DFC Transportation using a shell company. Jansen then used DFC to borrow $250,000 from the bank, but instead of using the money for the company, he used it for his own personal expenses.
When he was caught, Jansen pled guilty to changes of wire fraud and income tax evasion.
But that didn’t happen until 2008. Then, after pleading guilty, more than 8 years passed before he was sentenced. So over 15 years passed between the time he committed the crime and when he will spend his first night in jail.
Jansen has been sentenced to 70 months in federal prison, 3 years of supervised release, and will have to pay $269,978 in restitution.