A Milliken publisher was sentenced to two years in the Weld County Jail for money laundering, according to a press release from the Weld County District Attorney’s office.
Jana Koretko, 51, was sentenced in 19th Judicial District Court in Greeley on Feb. 14 to two years in jail and 10 years of probation. She was also ordered to pay back $179,000 to her victims.
Koretko was the owner of JK Publishing, which primarily produced works by romance and erotica authors. In 2016, several authors believed she was stealing from them and reported her to the Weld County District Attorney’s office, the release said.
An investigation found that Koretko had been stealing royalties from her authors and failing to properly report her extra income on her taxes, the release said. She then used those falsified tax returns to apply for financial aid for her daughter’s college education, the release said.
“This was a complicated white-collar scheme that took years to unfold,” Deputy District Attorney Andrew Rogers said in the release. “This was not a mistake or an accounting error, this was a serious crime.”
Koretko pleaded guilty to money laundering, a class three felony, in December. If she is not successful on probation, she could spend up to 12 years in the Colorado Department of Corrections, the release said.