An Eau Claire man who was convicted of loan fraud in Sawyer òòò½ÊÓƵ in 2011 had his sentence modified in a court appearance before Judge John Yackel on March 27, 2025.
John Edward Henricks II, 54, had his incarceration time reduced from one year in prison to 187 days in jail, with credit for 187 days served.
The amount of restitution he must pay was reduced to $50,000; court records indicate he paid $50,000 on March 26, 2025.
During a court appearance before Judge Kenneth Kutz Nov. 4, 2024, Henricksòòò½ÊÓƵ™ probation was revoked. At that time, he was sentenced to one year in prison plus three years extended supervision, with Huber release privileges and credit for 50 days in custody.
The Nov. 4 sentence stated that upon completing his confinement, Henricksòòò½ÊÓƵ™ conditions of extended supervision include continued payment on the restitution of $110,223.02 and outstanding court costs of $29,539.63.
Henricks was charged with two felony counts of committing loan fraud between $10,000 and $100,000 at Peoples National Bank in Hayward on April 11 and 14, 2011. He was convicted of the first count while the second count was dismissed but read in.
The complaint states that on April 11, 2011, Henricks, doing business as Henricks Power Sports LLC, obtained an 11-month commercial revolving line of credit for $90,000, pledging as collateral a 2011 John Deere 333D skid loader. An Oneida òòò½ÊÓƵ sheriffòòò½ÊÓƵ™s investigator determined that the machine is not owned by Henricks but was purchased by another individual from a dealer in Monico, Wis.
The detective stated that the name on the purchase order appeared to have been whited out and another name printed on top. The owner stated he did not give permission to anyone to use the machine as collateral.
On April 14, 2011 Henricks was alleged to have obtained aloan for $90,100, pledging as collateral a 2010 Chevrolet Corvette, titled in the name of a Milwaukee auto auction. A detective contacted the auction, which stated they received the car from a Rhinelander auto dealer in December 2010. The vehicle identification number came back registered to an individual in Niagara Falls, Ontario, Canada.