A former Wausau, Wis., insurance executive has been sentenced to five years in prison for a fraud scheme.
Former Manson Insurance CEO Timothy Mathwich was indicted by a grand jury on 24 federal criminal charges in connection with a nearly $2 million bank fraud scheme, a mail fraud scheme and a $5.6 million insurance embezzlement scheme. All but two charges were dismissed as part of a plea agreement.
The Wausau Daily Herald says the 62-year-old Mathwich appeared in federal court in Madison Tuesday where he was also sentenced to three years of supervision following his release.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Toyota Executive Lashes Out at US Regulations Promoting EV Sales 
T-Mobile Caught Hackers Early, Averting Data Leak 
Fake Bear Attacks on Car for Fraudulent Insurance Claims Lead to Arrests 
Swiss Re: Mitigating Flood Risk 10x More Cost Effective Than Rebuilding 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.