Jerret Schreiber, age 50, from Parkersburg, Iowa, received 6 months prison term and 6 months home confinement after he pled guilty to wire fraud. Evidence in the case proved Schreiber was involved in the sale of at least 17 vehicles. He was ordered to repay $90,832.55 in restitution to the victims of his offense. At sentencing, Schreiber made a payment of $45,000 towards his restitution obligation.
David Stangeland, age 33, from Cedar Falls, Iowa, received a one month prison term after he pled guilty to conspiracy to commit odometer fraud. Evidence in the case proved Stangeland was involved in the sale of at least 21 vehicles. He was ordered to repay $85,050 in restitution to the victims of his offense. At sentencing, Stangeland made a payment of $22,400 towards his restitution obligation.
Dustin Arends, age 36, from New Hartford, Iowa, received three years’ probation after he pled guilty to odometer tampering. Evidence in the case proved Arends was involved in the sale of at least 6 vehicles. He was ordered to repay $23,200 in restitution to the victims of his offense. At sentencing, Arends made a payment of $14,000 towards his restitution obligation.
The three men were sentenced in Cedar Rapids by United States District Court Judge C.J. Williams. Schreiber was released on the bond previously set and is to surrender to the Bureau of Prisons on a date yet to be set. Stangeland was released on the bond previously set and is to surrender to the United States Marshal on June 23, 2022, at 10:00 am. There is no parole in the federal system.
The case was prosecuted by Assistant United States Attorney Matthew J. Cole and investigated by the United States Department of Transportation National Highway Traffic Safety Administration, the United States Postal Inspection, and the Iowa Department of Transportation.
