Merchant Alleged To Have Forged Partner’s Signature On Merchant Loan Charged Criminally
It’s not a good idea to forge your partner’s signature, Troy Milbrath has learned, after being arrested on Thursday and charged with 16 felonies and three misdemeanors.
According to the Wisconsin State Journal, Milbrath, an owner of Mullen’s Dairy Bar & Eatery in Watertown, WI, took out loans and opened credit cards in his partner’s name and his partner’s wife’s name, in addition to taking out a merchant loan that his partner didn’t sign for.
His business partner, Todd Narkis, “found a business agreement with his name and Milbrath’s that allowed a financial company to take 35 percent of all credit card swipes at the business in order to pay off a loan,” the Wisconsin State Journal reports.
The business closed last month after the landlord refused to renew the lease. Just days before Milbrath’s arrest, he was reportedly looking to relocate. The business had been open since 1932.
The case number is 2016CF000392 in Jefferson County.Last modified: October 9, 2016