Former Wausau insurance exec sentenced to 5 years

CREATED Feb 13, 2013

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MADISON, Wis. (AP) -- A former Wausau 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.

Information from: Wausau Daily Herald,