Newspaper article St Louis Post-Dispatch (MO)

Car Dealer Accused of Arson Blaze Hit Building in Autumn of 1988

Newspaper article St Louis Post-Dispatch (MO)

Car Dealer Accused of Arson Blaze Hit Building in Autumn of 1988

Article excerpt

Jerry S. Maeras, a Madison businessman and politician who went to prison for his role in the looting of the Stix & Co. brokerage, was arrested Tuesday on a federal charge that he burned his own auto dealership five years ago.

Maeras, 59, was taken into federal custody Tuesday on a suppressed indictment returned Oct. 5 by a federal grand jury in East St. Louis. The indictment charged him with arson of a building used in interstate commerce - his Golden Auto Sales at 501 Madison Avenue, Madison.

Assistant U.S. Attorney Joel V. Merkel said prosecutors would argue that Maeras burned the building on Oct. 12, 1988, to get the proceeds from an insurance policy because the business was in financial difficulty. Merkel said authorities believed Maeras owned and operated the business, even though it was in his daughter's name.

Maeras pleaded innocent Tuesday and was released on $100,000 bond at an arraignment before U.S. Magistrate Judge Gerald B. Cohn in East St. Louis. …

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