A former Wausau, Wis., insurance executive has been sentenced to five years in prison for a fraud scheme.
Former Manson Insurance CEO Timothy Mathwich was indicted by a grand jury on 24 federal criminal charges in connection with a nearly $2 million bank fraud scheme, a mail fraud scheme and a $5.6 million insurance embezzlement scheme. All but two charges were dismissed as part of a plea agreement.
The Wausau Daily Herald says the 62-year-old Mathwich appeared in federal court in Madison Tuesday where he was also sentenced to three years of supervision following his release.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
JPMorgan Wins Gender Pay Gap Dispute Against London Analyst 
US Lawmaker Unveils Bill Requiring Manual Car-Door Releases 
Allianz Built An AI Agent to Train Claims Professionals in Virtual Reality 
Singer’s Elliott Sued by PE Firm in Escalating Fight Over Money 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.