New details and accusations: Manson Insurance - WAOW - Newsline 9, Wausau News, Weather, Sports

New details and accusations: Manson Insurance

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By Mike Haberle - bio | email | Twitter | Facebook

WAUSAU (WAOW) -- Newsline 9 has learned there may be as many as 900 victims in the Manson Insurance case.

The customers alone may have suffered losses totaling more than five million dollars.

The case first came to light in the Spring when FBI agents raided Manson Insurance, taking out files and computers.

The FBI unsealed an affidavit Friday. In it agents accuse Manson Insurance of committing bank and mail fraud, as well as insurance embezzlements.

The affidavit alleges the former head of Manson Insurance, David Scholfield, and his right hand man, Tim Mathwich, used client names to take out loans. They're also accused of depositing money intended for customers.

We reported a possible $3.8 million in losses, but it appears that's the loss incurred by River Valley Bank who fulfilled the loans.

After further review of the affidavit, we now know Manson Insurance customers also suffered losses of more than $5.2 million.

It is a figure that stuns those working in the insurance industry.

Jim Nick is not associated in any way with Manson Insurance, but worries this could give his industry a black eye.

"When something like this happens, it's not good for the insurance industry. It kind of makes a lot of people look bad," American Family Insurance Agent Jim Nick said. "It appears that went on for a period of time and affected a lot of people unfortunately."

In a press statement, the FBI writes they are reaching out to possible victims. They'll be putting letters in the mail.

If you think you may be a victim the FBI wants to hear from you right away.

Call - 920-432-3868

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