Fraud Conviction
In addition to his occasional entrepreneurial pursuits, Idema has a substantial criminal record. Over the years Idema has been charged with impersonating an officer, conspiracy, passing bad checks, assault, possession of stolen property, and discharging a firearm into a dwelling. In January 1994, Idema was arrested and charged with 58 counts of wire fraud defrauding 59 companies of about $260,000. He was convicted of the charges, sentenced to six years in prison (paroled after having served three years) and was subsequently ordered to pay restitution.
On August 15, 2001 a jury awarded Idema $781,818 for property damage and $1 million for punitive damages. The award came after a jury decided that a property manager improperly sold some of his belongings while Idema was serving his fraud sentence. Two property managers were hired by Idema to take care of a building that housed equipment for two of his businesses, Special Operations Exposition and Trade Show Inc., and Idema Combat Systems. According to the lawsuit, equipment was missing, damaged or destroyed, and holes were punched in the walls of the building. Idema sued both property managers and their wives on April 10, 2000, but everyone except for one property manager was later dropped from the suit.
In June 2005, an investigator sued Idema alleging that he wasn't paid when Idema won the 1.8 million dollar lawsuit. The investigator claimed that Idema orally agreed to pay 15% of any amount collected, he also claimed that Idema failed to pay court reporters, expert witnesses, and others who helped him with his case. Idema never collected the 1.8 million because the property manager that was found guilty declared bankruptcy and Idema settled for 650,000 dollars that he obtained through law suits filed against insurance carriers. Idema's father was the insured.
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Famous quotes containing the words fraud and/or conviction:
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)
“What can be more soothing, at once to a man’s Pride, and to his Conscience, than the conviction that, in taking vengeance on his enemies for injustice done him, he has simply to do them justice in return?”
—Edgar Allan Poe (1809–1849)