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Man sentenced for defrauding Marinette County victims out of thousands of dollars

File photo of gavel. (WLUK/Scott Hurley)

(WLUK) -- An Illinois man has been sentenced to federal prison for defrauding dozens of people, including four from Marinette County.

Prosecutors say Gregory J. Kuczora, 55, set up a sham corporation that he claimed was based in London. He rented a mailbox in London that forwarded all his correspondence to his home in Elgin, Illinois. He also set up a website that claimed he had funded billions of dollars in loans in a dozen countries, but the FBI says it could not find evidence of any of them.

According to prosecutors, Kuczora accepted around $100,000 in up-front fees from the Marinette County victims for "guaranteed" business loans. In all, the FBI says he defrauded 68 people of $1.2 million. Prosecutors say he used the money to pay his family’s living expenses, including the purchase of new vehicles, horses, a lavish salary and bonuses.

Kuczora also underpaid federal income taxes by about $200,000, investigators determined.

Kuczora was sentenced to five years and 10 months in prison, followed by three years supervised release.

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