A U.S. Attorney for the Western District of Wisconsin recently announced
the unsealing of an indictment charging an investment advisor with 21
counts of wire fraud and money laundering.
An investment advisor from Tomahawk, Wisconsin
has been charged with 21 fraud-related counts. Last week, John W. Vaudreuil, U.S. Attorney for the Western District
of Wisconsin, announced the unsealing of the indictment against Hass that
includes 11 counts of money laundering and 10 counts of wire fraud. Included
in the indictment was a forfeiture allegation that seeks more than $460,831.27
in criminal proceeds.
About the Allegations
The indictment accuses Hass of running a fraud scheme involving internet
pop-up advertisements. Allegedly, Hass made promises to investors that
they would see returns from five to 20 percent on the pop-up ad investments.
Hass also allegedly promised that, should the investments fail, she would
personally give back the original cost of the investment plus seven percent interest.
According to the indictment, not only was there no pop-up ad investment
opportunity, but Hass took all her investors’ money and used it
to pay for her personal expenses. To cover up her scheme, the indictment
accuses Hass of giving false reports to investors, claiming that their
payouts were “coming soon” and even that they would receive
a bonus as compensation for delays.
Hass is currently on house arrest awaiting her arraignment, which will
take place on June 17. Hass faces up to 20 years’ imprisonment for
each count if convicted. She also faces fines of $250,000 for each count
of wire fraud and $500,000 for each count of money laundering.