Nebraska man sentenced for multimillion-dollar fraud case

LINCOLN, Neb. (KLKN) — An Omaha man now has to surrender his $1 million home and other luxury items after being sentenced in a money laundering scheme.

U.S. District Judge Brian Buescher sentenced 42-year-old Jeffrey Stenstrom on Thursday to 2½ years in prison for income tax evasion and 6½ years for conspiracy to commit money laundering. His terms will be served concurrently.

Stenstrom and his deceased associate, Brett Cook, stole over $5 million from clients of Omaha property management company Darland Properties.

They then used that money to buy luxury items and property.

The Internal Revenue Service says Stenstrom had to forfeit a $1 million home in Arizona, a McLaren sports car, multiple properties in Nebraska, various jewelry items, and numerous life insurance policies worth more than $2 million.

Stenstrom is also ordered to pay $1.5 million to victims who were clients of Darland Properties and $1.9 million to the IRS.

Cook killed himself in May 2022, not long after the FBI searched his home.