A Wausau man is facing federal charges for running a $16 million investment scheme, according to an affidavit by prosecutors released this week.
Prosecutors say Stanley Pophal, 63, received payments from 128 investors and used the “vast majority” of that money to fund an extravagant lifestyle — including a “vast snowmobile collection.” In a press release, U.S. Attorney Timothy M. O’Shea said Pophal purchased more than 300 snowmobiles.
Pophal was charged with two counts of wire fraud and money laundering, and he appeared in federal court in Madison this week…