Stanley Pophal, 64, of Wausau, WI, was sentenced Wednesday, September 2 in U.S. District Court by U.S. District Judge William M. Conley to 96 months (eight years) in federal prison for wire fraud and money laundering. The sentence follows a comprehensive, multi-agency investigation into a scheme that defrauded 190 investors out of $14.25 million. Pophal pleaded guilty to the charges June 12 of this year. He was also ordered to pay restitution in the amount of $14.25 million.
“The successful resolution of this case underscores the vital cooperation among state, local, and federal authorities,” stated Iowa Insurance Commissioner Doug Ommen. “We extend our sincere gratitude to the Allamakee County Attorney’s Office, the Allamakee County Sheriff’s Office, and the Winneshiek County Sheriff’s Office. Their early collaboration with our Fraud Bureau was instrumental in identifying and halting this fraudulent activity.”