Former Wildwood employees admit to massive fraud

3/11/2010 4:41:00 PM
Three former employees of Wildwood Industries in Bloomington have admitted they were part of a massive fraud conspiracy. They admitted to federal prosecutors today, they worked together to obtain more than $231 million from lenders over a five-year-period. 59-year-old Dominic Propersi and 37-year-old Kimberly Hill of Bloomington and 74-year-old Doyle Fry of Stockton, Missouri now face possible prison time and significant fines. Propersi worked as the former plant manager. He pleaded guilty to a money laundering charge. Hill was a Wildwood office worker and Fry is a retired accountant for Wildwood.