Oshkosh Man Facing Racketeering And Theft Charges
A 52-year-old Oshkosh man who allegedly defrauded Sadoff Iron and Metal out of $14.3 million posted a $1 million cash bond Monday. Sterling Kienbaum made his initial appearance in Fond du Lac County Court on racketeering and felony theft charges. Kienbaum is the owner of Fox Valley Iron and Metal. Fond du Lac County Deputy District Attorney Dennis Krueger says Kienbaum was allegedly involved in a scheme in which scrap automobiles loaded with dirt were brought into Sadoff’s in Fond du Lac for money. Two others have already been convicted for their roles in the scheme. Kienbaum has a preliminary hearing on March 16th.
A 52-year-old Oshkosh man is facing racketeering and felony theft charges for allegedly stealing $14.3 million from Sadoff’s Iron and Metal between 2009 and May of 2015. According to the criminal complaint Sterling Kienbaum, the owner of Fox Valley Iron and Metal, was making cash payments to Daniel Christianson, a former employee of Fox Valley, for receiving payments from Sadoff’s for dirt purported to be in scrap automobiles that were taken to Sadoff’s. Christianson would then deliver money to Donald Krueger, a former Sadoff’s employee so Krueger would allow the overweight scrap vehicles to be accepted at Sadoff’s beyond the load limits. Krueger acknowledged that Fox Valley’s load would consistently be overloaded with dirt and that he would overlook the excess weight of dirt. As a result Sadoff’s was overpaying Fox Valley for scrap automobiles. Sadoff’s retained a forensic accountant to calculate alleged damages, which came to more than $14.3 million. Donald Krueger and Daniel Christianson have both been convicted of felony theft for a portion of their role in the theft. Kienbaum is expected to make his initial court appearance today.
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