Madison
43° F
Overcast
Overcast
Advertisement

Property auctioned in insurance fraud case

Published On: Sep 04 2013 10:19:51 AM CDT
Updated On: Sep 04 2013 10:22:14 AM CDT
Court generic

istock

WAUSAU, Wis. -

Fur coats, Rolex watches and diamonds are among hundreds of items once owned by a pair of Wausau insurance executives and auctioned off to pay for their multi-million dollar fraud scheme.

Federal agents seized the property from the homes and storage units belonging to Timothy Mathwich and David Schofield. The men and Susan Brockman, of Hayward, were executives at Manson Insurance and were accused of forging millions of dollars in insurance premium financing notes and selling them to River Valley Bank in 2008.

A federal judge has ordered the three to pay more than $6 million in restitution. A diamond ring netted $40,000 at this week's auction at a hotel in Wittenberg. Auctioneer Jerry Chuilli told Daily Herald Media the auction raised more than $100,000, but he declined to give a specific total.

Advertisement
  • Ferguson protests

    Lucas Jackson/Reuters

    Teen's shooting death sparks protests in Ferguson

    The police chief in Ferguson, Missouri, is expected to step down as part of the effort by city officials to reform the Police Department, mostly stemming from criticism of the department's handling of Michael Brown's shooting death in August. Take a look at images of the protests surrounding Brown's death.

  • Robert De Niro, thumbs up

    Mohamad Dabbouss/Reuters

    Celebrity New Yorkers

    Taylor Swift was recently named New York's first Global Welcome Ambassador for its "Welcome To New York" campaign, a decision that has been met with much controversy, especially from New Yorkers. Take a look at these famous New Yorkers.

  • Tim Cook at Apple event

    Robert Galbraith/Reuters

    Celebrities who are out and proud

    Apple CEO Tim Cook came out Thursday, announcing that he is gay in a column in Bloomberg Businessweek. See some of the other celebrities who are openly gay -- and proud of it.

  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement