Politically Connect Accountant Pleads Guilty, Will Serve 8 Years and Pay $4M Restitution

“Jack Weichman, 65, of Dyer, Indiana was sentenced to 96 months imprisonment by United States Chief Judge Philip Simon for bank fraud, concealment of assets during bankruptcy, wire fraud, and filing a false tax return. Weichman was also ordered to pay $4,128,331 to his various victims in this case.”

May 7, 2018-A Munster Accountant with close ties to area politicians was sentenced to 96 months in federal prison according to a statement from United States Attorney Josh Minkler. Jack Weichman, a local accountant and business owner, had previously entered guilty pleas to various federal charges. “Weichman, the owner of an accounting practice that bears his name, Weichman & Associates, as well as a medical billing operation known as MMDS, stole millions of dollars from his physician clients during a bank fraud scheme according to a statement from . Weichman also hid a $2 million dollar tax debt to the IRS from another bank at a time when he was seeking to renew a loan from that bank. Weichman also fraudulently attempted to discharge $2.3 million dollars of debt from his bankruptcy creditors” according to the statement.

Weichman’s employee, William Bercaw, was previously sentenced for his count of wire fraud relating to the money illegally removed from a client’s retirement accounts. Another Weichman employee, James Schaefer, along with Weichman’s son Ari Weichman, were also previously sentenced for their role in providing false information to U.S. Bancorp in an effort to secure a loan for Jack Weichman’s business, MMDS, by representing to U.S. Bancorp that Ari Weichman was the owner and president of MMDS, when in fact he was not.

Weichman is ordered to report to the Bureau of Prisons on July 7, 2018 at 2:00 p.m. to start his prison term. This case was investigated by the Federal Bureau of Investigation, the Federal Deposit Insurance Corporation-Office of Inspector General and the Internal Revenue Service-Criminal Investigation Division. The case was prosecuted by Assistant United States Attorneys Diane L. Berkowitz and Orest Szewciw. The case was investigated by IRS, Criminal Investigation Special Agent Brian Visalli, FDIC-OIG Special Agent Jason LeBeau and FBI Special Agent Charles Pawelko.


  1. Refreshing, isn’t it? With so many in the political arena thumbing their noses at their constituents,a little justice is like a breath of fresh air!

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