James P. Kolf, a former Sauk County investment broker who also worked in Middleton and Madison had already been barred from the broker business and had his licenses revoked.
Now he’s been indicted on 16 counts of wire fraud, one count of money laundering, and one count of mail fraud for defrauding investors of at total of $905,077 between April 2011 and August 2016.
According to the Wisconsin State Journal, Kolf could receive up to 20 years in prison for each wire and mail count, and up to 10 years for the money laundering charge.
