By J. STEVEN DILLON
A Putnam County woman, who was named in a seven-count bank fraud indictment this spring, has pleaded guilty to three of the charges in federal court.
Jennifer Edelbrock, 51, of Kalida, appeared recently in U.S. District Court, Toledo, and entered the pleas as part of plea-bargain agreement. She’ll be sentenced by Judge Jack Zouhary on Jan. 28.
The bank fraud charges stem from a 2015 investigation by the Ohio Bureau of Criminal Identification and Investigation into illegal activity Edelbrock conducted as an accountant.
According to her federal indictment, Edelbrock fraudulently obtained at least $914,000 through Edelbrock Enterprises, which also did business as Edelbrock-Reitz LLC in Delphos. The company provided various payroll and accounting services for companies in northwest and central Ohio.
The indictment, filed in April, claimed Edelbrock obtained money from clients and used it for personal enrichment, transferring the funds from clients’ bank accounts to the account of All Seasons Lawn and Recreation, which was owned by her husband.
The money Edelbrock took was supposed to be held in trust to pay clients’ payroll expenses, including federal, state and local tax obligations, the indictment said. Edelbrock concealed the late payment of such taxes because notices of delinquencies and penalties often went only to her.
At sentencing, the four remaining counts of Edelbrock’s indictment will be dismissed.
Each of the three convictions carries a possible maximum sentence of 30 years imprisonment, although federal sentencing guidelines will likely result in a much shorter sentence. Restitution in the case is mandatory.
The state probe had initially led to grand theft charges being filed against Edelbrock in both Allen and Putnam counties.
She pleaded guilty in Putnam County in July 2015 for the theft of $17,250 from the Kalida Band Boosters, and pleaded guilty in Allen County in March 2016 for the theft of $19,177 from Spencerville VFW Post 6772.
When sentenced in those cases, Edelbrock was ordered to make restitution, serve 40 days in jail, and was placed on community control sanctions for three years.