Sycamore man indicted on federal fraud charges

Published: Wednesday, May 8, 2013 5:30 a.m.CDT

ROCKFORD – A former business owner was indicted on fraud and false statement charges Tuesday, according to a U.S. Department of Justice news release.

Steven J. Moorhouse, 60, of Sandwich, was indicted by a federal grand jury in Rockford and charged with four counts of bank fraud and two counts of making a false statement to a financial institution, according to the U.S. Department of Justice.

Each count of bank fraud and making a false statement to a financial institution carries a penalty of up to 30 years in prison, a fine of up to $1 million and a term of supervised release of up to five years after imprisonment, according to the U.S. Department of Justice.

Moorhouse was president and majority owner of Jefso Manufacturing Co. and Fanplastic Molding Company.

Moorhouse is scheduled to appear at the Federal Courthouse for an arraignment at 11 a.m. Thursday in Rockford.

More News

Watch Now

Player embeded on all DDC instances for analytics purposes.

Sycamore Defeats DeKalb at NIU - April 17, 2014

More videos

Reader Poll

Do you think there is life on other planets?
Yes
No