Former Wausau insurance exec sentenced to 5 years

Published On: Feb 13 2013 08:50:03 AM CST
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.