Listen Live on  

1310 WIBA

Madison's News/Talk Station

Janesville man sentenced for stealing $1.8 million

Posted July 5th, 2014 @ 2:32am by Associated Press

JANESVILLE, Wis. (AP) _ A Janesville man convicted of stealing $1.8 million from his employer has been sentenced to two years, six months in prison.

A Janesville Gazette report says Steven R. Stoikes used to work for a Janesville contractor. Prosecutors say the 44-year-old Stoikes would order more copper tubing than was needed for jobs, and then sell the excess for scrap.

A criminal complaint says the thefts continued for more than seven years.

Stoikes sobbed in court Wednesday as he apologized to his family.

Prosecutor David O'Leary says Stoikes visited a casino more than 500 times from 2006 to 2012. O'Leary says Stoikes wagered about $24 million and lost more than $3 million.

Public defender Walt Isaacson says Stoikes has been getting treatment for a gambling addiction.

Recommended Stories

More from 1310 WIBA