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Settlement near in funeral trust caseSubmitted: 06/20/2013
Settlement near in funeral trust case
Story By Associated Press

MILWAUKEE - People who paid up front for their funerals might be spared from the effects of bad investments.

The poor financial decisions left the Wisconsin Funeral Trust millions of dollars in the hole.

The fund was marketed as a safe investment vehicle.

But its money managers poured the cash into high-risk investments that lost money.

The fund that's supposed to have 70-million dollars on hand only has 48-million.

John Wirth is the court-appointed receiver of the trust.

He says the trust has reached a tentative settlement with the Wisconsin Funeral Directors Association.

Their members have been losing money to make sure clients get what they paid for.

The settlement would make sure clients still get fair value and funeral homes are fairly compensated.

A judge must approve the agreement.

(Copyright 2013 Associated Press - All Rights Reserved)


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MINOCQUA -
You can help the Oneida County Dive Team by grabbing your goggles and swim cap Saturday (June 23) morning.

Swimmers will launch from Torpy Park for the Minocqua Island Swim Challenge.

The race is one mile long, but people can choose to swim just 400 meters, too.

The water temperature will be about 65 degrees during the race.

"A lot of people will wear wet suits and be very comfortable. I have seen plenty of people go without and have no trouble," says Laura Fuhrman.

Money raised from the race will go to Oneida County's dive team.

They are first responders to water rescue calls.

"We just got our dark vision gear last year through fundraisers like this. It helps us be more efficient and safe," says Assistant Dive Team Leader, Michael Fraley.

You still have time to register in person Friday night from 5:00 p.m. to 7:00 p.m. at Torpy Park.

Click below for more info.

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