Stanley Pophal, 64, Wausau, Wisconsin, pleaded guilty Friday to defrauding investors out of $14.25 million in the Western District of Wisconsin.
According to court documents, Pophal defrauded 190 investors and used the funds to purchase hundreds of snowmobiles, motorcycles, and vehicles. As part of his plea agreement with the government, Pophal agreed to forfeit these items. Public auction of these assets will occur at a later date.
FBI Milwaukee's Eau Claire Resident Agency and the IRS Criminal Investigation jointly investigated this case.
More information:
justice.gov/usao-wdwi/pr/wau…