Omaha man agrees to surrender sports car, pay $5 million in restitution for money laundering

By: - March 8, 2023 6:53 pm

(Getty Images)

LINCOLN — An Omaha man has agreed to surrender his McLaren sports car and pay $5 million in restitution as part of a plea agreement for a federal money laundering charge.

Jeffrey Stenstrom, 42, of Omaha, pleaded guilty Wednesday to a federal charge of conspiracy to commit money laundering. He faces up to 20 years in prison, a fine of $500,000 or twice the amount of the laundered funds, or both, according to the U.S. Attorney’s Office in Omaha.

Stenstrom has agreed to pay restitution in excess of $5.1 million to Darland Properties LLC, an Omaha real estate firm.

As part of his sentence, he also agreed to forfeit his interest in a 2020 McLaren 600LT Spider, multiple trucks, various items of jewelry, a residence in Arizona, multiple properties in Nebraska, currency and multiple life insurance policies worth in excess of $2 million.

Stenstrom is scheduled to be sentenced June 2.

Meanwhile, he also faces sentencing for income tax evasion in a different matter. Stenstrom could get five years in prison and a $250,000 fine, or both, on that offense. He has agreed to pay $1.9 million in restitution to the Internal Revenue Service.

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Paul Hammel
Paul Hammel

Senior Reporter Paul Hammel has covered the Nebraska state government and the state for decades. Previously with the Omaha World-Herald, Lincoln Journal Star and Omaha Sun, he is a member of the Omaha Press Club's Hall of Fame. He grows hops, brews homemade beer, plays bass guitar and basically loves traveling and writing about the state. A native of Ralston, Nebraska, he is vice president of the John G. Neihardt Foundation.