UPDATE - Trial date set for former Manson Insurance executive - WAOW - Newsline 9, Wausau News, Weather, Sports

UPDATE - Trial date set for former Manson Insurance executive


UPDATE - A trial is set for Timothy Mathwich.  According to online records, a not guilty plea was entered for him Tuesday in the Western District of Wisconsin U.S District Court.  The trial is scheduled to begin December 3rd, 2012.


  A federal grand jury issued a 24-count indictment against a Wausau man for his alleged role in  a scheme to defraud River Valley Bank customers.
  According to a press release, the indictment alleges that Mathwich, in his role as the president and chief operating officer of J.N. Manson Agency, Inc. (Manson), a corporation operating as an insurance agency, acted with David Schofield and Susan Brockman to sell forged insurance premium financing notes to the bank. 
According to the indictment, if a customer requested financing for an insurance
premium, Manson would prepare an insurance financing premium note for the customer
to sign, and it would be sold to River Valley Bank, and the bank would pay Manson for the
note by crediting Manson's account with the bank or by issuing a check to Manson. The
indictment alleges that Mathwich and other representatives of Manson prepared insurance
premium financing notes in the names of Manson customers who had not requested
financing, forged the customers' signatures on the notes, and then forwarded the forged
notes to River Valley Bank. 
The indictment alleges that forged notes were sold to River Valley Bank that had a face value of over $3.7 million, resulting in a loss to the bank of more than $1.9 million.
If convicted, Mathwich faces a maximum penalty of 20 years in federal prison on each count charged in the indictment. 


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