- A Wausau man could face up to five years in federal prison for his role in a multi-million dollar bank fraud scheme.
62-year-old Timothy Mathwich pleaded guilty Tuesday to federal charges. Mathwich admitted his role in illegally getting $4.7 million in loans for his company, Manson Insruance.
That's money he and Manson Insurance CEO David Scholfield and Vice President Susan Brockman used for their own gain.
The Manson Insurance scheme ended up costing company customers $5.6 million.
Both Schofield and Brockman received prison sentences and have to pay back most of the money lost.
Mathwich will be sentenced February 14th.
Written By: WJFW News Team