MADISON, Wis. - A Janesville man was indicted by a federal grand jury of dealing firearms without a license and transferring a firearm to an out-of-state person, according to a release.
Gary Schroeder, 65, was engaged in the business of dealing firearms without a license from at least April 2014 until at least January 2017, the indictment alleges.
According to the indictment, Schroeder sold hundreds of firearms at gun shows in Wisconsin and elsewhere and displayed signs at the shows advertising that he did not collect taxes on his sales or conduct background checks on his customers.
Revenue from Schroeder’s gun sales appears to have exceeded $100,000, officials said.
As part of the investigation, agents with the Bureau of Alcohol, Tobacco, Firearms and Explosives executed a federal search warrant at Schroeder’s house and seized:
- 52 firearms
- Over 200 handwritten receipts documenting the sale of firearms to about 200 customers
- Records showing gun sales revenue of more than $100,000
- Sales records for approximately 20 out-of-state customers
- Approximately 1,000 business cards advertising “Gary Schroeder: Buy and Sell Guns”
- Dozens of ATF forms 4473, bearing Schroeder’s signature immediately below a sentence that reads, “I further understand that the repetitive purchase of firearms for the purpose of resale for livelihood and profit without a Federal firearms license is a violation of Federal law.”
According to court documents, a number of firearms sold by Schroeder were later involved in separate crimes.
If convicted, Schroeder faces up to five years in prison, three years of supervised release and $250,000 in fines.