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Ex-financial adviser sentenced to 63 months for fraud scheme May 25, 2021 FacebookTwitterEmail MILWAUKEE (AP) A former financial adviser has been sentenced in Milwaukee to more than five years in federal prison for scamming $2.6 million from 27 victims, including his own parents. According to court records, Edward Matthes, 51, persuaded family, friends and community members in Oconomowoc to invest in fictitious Mutual of Omaha accounts. Matthes put the funds into his own bank account from 2013 to 2019 and used the money for home improvements, vacations, child support and other things, prosecutors said. Matthes pleaded guilty to three counts of wire fraud in November 2020, the Journal Sentinel reported. The U.S. Department of Justice recently announced that Matthes was sentenced to 63 months in prison. ....
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A 51-year-old Oconomowoc man has been sentenced to more than five years in federal prison for carrying out a $2.6 million investment scheme that defrauded 27 victims, including his own parents and a cognitively disabled person. Edward Matthes, who now resides in Milwaukee, pleaded guilty to three counts of wire fraud in November 2020. On May 20, the U.S. Department of Justice announced Matthes was sentenced to 63 months in prison. Matthes, who was a prominent member of the Oconomowoc community, solicited family, friends and community members to use his services as an independent broker-dealer for Mutual of Omaha Investor Services Inc. According to court records, from 2013 to 2019 Matthes persuaded his clients, who were mostly elderly, to invest in fictitious Mutual of Omaha accounts, which he claimed would perform better for them. Instead, Matthes put more than $2.6 million of client funds into his own bank account and used it to pay off his credit cards, ....
Milwaukee FBI office was first in nation headed by African American agent John Glover became Special Agent in Charge of the Milwaukee field office in 1979. Share Updated: 6:48 PM CST Feb 25, 2021 Milwaukee FBI office was first in nation headed by African American agent John Glover became Special Agent in Charge of the Milwaukee field office in 1979. Share Updated: 6:48 PM CST Feb 25, 2021 Hide Transcript Show Transcript SHARES JOHN GLOVER’S STORY AND WHY THE TIMING OF HIS FBI ARRIVAL WAS SO SIGNIFICANT. HE EARNED HIS PHD FROM USC. HE COULD’VE DONE ANYTHING, BUT HE CHOSE THE FBI. INSIDE THE FBI’S MILWAUKEE FIELD OFFICE, I SPOKE WITH OFFICIALS ABOUT FORMER SPECIAL AGENT IN CHARGE, JOHN GLOVER. THE FIRST BLACK PERSON TO EVER HEAD A FIELD OFFICE, AND IT HAPPENED IN MILWAUKEE FROM 1979 TO 1980. IT STARTED A MOVEMENT IN THE FBI OF SEEING MORE MINORITIES, ALL RACES, GENDERS RISING IN THE RANKS OF THE FBI. ....