Wausau man charged in $15M fraud and money laundering scheme

A Wausau man is in custody facing federal charges he defrauded investors of more than $15 million dollars over a six-year period.

Stanley Pophal, 63, was charged in federal court in Madison on Monday with wire fraud and money laundering.

The charges said that between May 2019 and March 2025, Pophal got at least 120 investors to give him the money in return for promissory notes with guaranteed rates of return…

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