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Federal indictment alleges $750,000 diverted from planned Wisconsin COVID-test plant
Three men are charged with wire fraud after allegedly soliciting $750,000 from three pharmacists for a proposed COVID-19 test factory. Prosecutors say the funds were instead used in other business dealings, including payments to two co-defendants.
A federal grand jury has indicted three men on wire fraud charges over an alleged scheme to raise $750,000 from three pharmacists for a proposed COVID-19 test manufacturing facility, prosecutors say.
The indictment alleges Kurt Wise presented himself as representing Liberty Development, a real estate company with a mailing address in Mount Pleasant, and persuaded the pharmacists to invest in the planned factory.
Instead, prosecutors allege, the money went toward other business dealings, including payments to co-defendants Carl Wise and Keith Begin. Each of the three men faces a federal wire fraud charge.
The charges are allegations; the indictment does not establish guilt.