MADISON, Wis. — A Wausau man accused of defrauding 190 investors and using their money to buy hundreds of snowmobiles, motorcycles and vehicles has been convicted in federal court.
Stanley Pophal, 64, pleaded guilty Friday in U.S. District Court in Madison to wire fraud and money laundering, according to the U.S. Attorney’s Office for the Western District of Wisconsin.
Federal prosecutors said Pophal used the business name Bright with Silver Inc., formerly doing business as Fromm Bros. Inc., to offer investment opportunities in cryptocurrency, real estate flipping, artificial intelligence technology, gold, silver and emeralds…