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14 • Thursday, Oct. 11, 2018 - The Elmhurst Independent T he Elmhurst Independent

Real Estate/Business

Oct. 11, 2018 •14

Former newspaper GM charged with theft She allegedly owes nearly $274,000 to company

The former general manager of the company that publishes this newspaper has been charged in a Wisconsin court with bilking more than $270,000 from the firm. Cynthia R. Jensen, 55, of Kingston, was charged Sept. 25 in Walworth County Circuit Court with seven counts of identity theft for financial gain and two counts of theft in a business setting of more than $10,000, all as a party to a crime. An initial appearance in the case is scheduled for Oct. 17 in Elkhorn, Wis. According to the criminal complaint, Jensen, former general manager of Rock Valley Publishing, Southern Lakes Newspapers and Southern Lakes Publishing in Delavan, Wis., still owes the company $273,991 in unauthorized transactions made from the company to herself and her husband between May 2015 and early 2018. Rock Valley Publishing publish-

es 17 weekly newspapers in Northern Illinois, including the The Independent and the Lombardian. Company owners Peter Cruger and John Cruger notified police July 13 that a Town Bank employee made them aware of fraudulent signatures on seven company checks made out to Jensen and her husband Kim Jensen between Nov. 21, 2017, and Jan. 26, 2018, according to the complaint. The Crugers hired an accountant who verified the company’s finding that online payments from both companies were made into Jensen’s personal account dating to May 2015, according to the complaint. The accountant also verified payments made from Jensen’s slot-machine gaming business to the company that appeared to be an attempt to pay back some of the funds she took, the complaint states. The Crugers met with Jensen in February, and she admitted to

the transactions but said she had An internal audit of the com- $243,078 and Rock Valley Pubdone nothing wrong, considered panies showed Jensen still owes lishing $30,913, according to the the transactions a loan and said Southern Lakes Publishing complaint. she had paid it back with interest, according to the complaint. Another meeting was scheduled with Jensen in March, but that meeting did not occur. The Crugers found Jensen had left the company and left behind her keys The Alzheimer’s Association Illinois Chapter and a computer file outlining the recently announced that the new Region 9 Leader money she owed to each company, and Chapter Executive Director is L. Patrick Reedy, according to the complaint. CFRE. However, the amounts in the Reedy comes to the Alzheimer’s Association file differed from the amounts Illinois Chapter from the Juvenile Diabetes Research Jensen admitted owing the comFoundation (JDRF), where he was the vice president pany in February, the complaint of Leadership Giving. Prior that role, he was the states. The file indicated Jensen executive director of the Illinois JDRF chapter, later owed Southern Lakes Publishing adding regional director for the Upper Midwest L. Patrick $99,982 and Rock Valley Publishregion to those duties as well. Reedy, CFRE ing $16,504, according to the comOver the course of his 20-year career, Reedy has plaint. held various positions in development at several highly-respected Jensen sent a message to the academic medical centers in the Chicago area, including Ann & Robert Crugers a short time later statH. Lurie Children’s Hospital, NorthShore University HealthSystem ing she would send a check for and the Rehabilitation Institute of Chicago. His responsibilities have $99,982 if they would agree the included major gifts, annual gifts, corporate gifts, board and volunteer money she took from the company management and campaign management. was a loan. The Crugers did not reReedy attended Miami University in Oxford, Ohio, where he earned spond to the message because the a Bachelor’s of Science degree and double majored in Finance and transactions were not authorized Business Administration. He lives in Elmhurst with his wife and four as a loan, however, Jensen sent a children. check for $99,982.

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