Jeffrey Stenstrom, Tax Evasion and Embezzlement, Nebraska 2024

Omaha man sentenced to 30 months in prison for tax evasion and embezzlement, ordered to pay $6.1 million in restitution

In a shocking turn of events, Jeffrey Stenstrom, a 42-year-old resident of Omaha, Nebraska, has been sentenced to 30 months in prison for his involvement in a multi-million dollar embezzlement scheme. The scheme, which lasted from 2015 to 2019, involved Stenstrom and his business partner, Brett Cook, who was the Vice President of Darland Properties, LLC.

According to prosecutors, Stenstrom and Cook used their business, Stenstrom Services, Inc., to defraud Darland Properties’ clients out of millions of dollars. The scheme involved billing for work that was not performed, overbilling for work, and causing Stenstrom’s inflated invoices to be submitted to insurance companies to obtain insurance proceeds to which Darland Properties’ clients were not entitled.

In addition to his prison sentence, Stenstrom has been ordered to pay $5,146,816.51 to victim property owners who were clients of Darland Properties, LLC, and $1,954,505.10 in restitution to the Internal Revenue Service.

Stenstrom also admitted to forfeiture allegations and has forfeited his interest in a 2020 McLaren 600LT Spider, a lake home in Fremont, Nebraska, a home in Queen Creek, Arizona, two commercial properties in Nebraska, nearly $2.2 million in life insurance policy proceeds, approximately $74,743.00 in currency, and multiple items of jewelry and luxury watches.

The scheme was uncovered by the IRS, who placed a tax levy on Stenstrom’s accounts in 2019. The investigation revealed that Stenstrom and Cook had been using their businesses to defraud clients out of millions of dollars, and that they had also been evading taxes on their ill-gotten gains.

Stenstrom’s sentence is a significant blow to those involved in white-collar crime. His case serves as a reminder that those who engage in such activities will be held accountable for their actions.

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