https://cwbradio.com/news/?id=49315

Stanley Pophal, 63, Wausau, Wisconsin, is charged with seven counts of wire fraud and three counts of money laundering.

The indictment alleges that between May 2019 and June 2025, Pophal accepted money from investors and promised to invest their funds in one of his various business ventures, including using the money to purchase commercial properties and office buildings and convert them into residential apartments.

However, the indictment alleges that Pophal failed to invest the money as promised. Instead, he allegedly used most of the money for his own purposes, including the purchase of hundreds of snowmobiles.

If convicted, Pophal faces a maximum penalty of 20 years in prison for each count of wire fraud. He faces a maximum of 10 years in prison for each money laundering count.

The charges against him are the result of an investigation conducted by IRS Criminal Investigations and the Federal Bureau of Investigation. Assistant United States Attorney Aaron Wegner is handling the case.