Madison - A former Wausau 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 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 2013 Associated Press - All Rights Reserved)