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:
“There exists in a great part of the Northern people a gloomy diffidence in the moral character of the government. On the broaching of this question, as general expression of despondency, of disbelief that any good will accrue from a remonstrance on an act of fraud and robbery, appeared in those men to whom we naturally turn for aid and counsel. Will the American government steal? Will it lie? Will it kill?—We ask triumphantly.”
—Ralph Waldo Emerson (1803–1882)
“The Buddhist, who thanks no man, who says “Do not flatter your benefactors,” but who, in his conviction that every good deed can by no possibility escape its reward, will not deceive the benefactor by pretending that he has done more than he should, is a Transcendentalist.”
—Ralph Waldo Emerson (1803–1882)