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Home / Legal News / Cedarburg man sentenced to 36 months in prison for Ponzi scheme (UPDATE)

Cedarburg man sentenced to 36 months in prison for Ponzi scheme (UPDATE)

A Cedarburg man was sentenced Tuesday to 36 months in prison for defrauding investors of nearly $3 million in a Ponzi scheme. Eric Schmickle, 38, was sentenced in U.S. District Court in Milwaukee. Schmickle’s sentence, handed down by U.S. District Judge Randolph Randa, includes restitution of $2.9 million, one year of supervised release and court costs. That ...

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