CECIL, Wis. (WFRV) — Screamline Lures owner Andrew Reyment, of Cecil, Wis. pled guilty to three counts of embezzlement on April 22, according to Attorney General Josh Kaul.
Reyment was originally charged with embezzlement and accused of a theft scheme after he made false representations to investors about his fishing lure company.
According to the Department of Justice, Reyment illegally and without consent converted funds from investors for personal use.
Reyment was arrested May 23, 2018 in Shawano and transferred to the Brown County Jail the next day.
The DOJ reports, “Reyment posted on multiple social media sites that he was seeking investors for his corporation.”
Several individuals reportedly responded to Reyment and invested in Screamline Lures based on false information provided by Reyment.
Victim-investors from Wisconsin, Illinois, and Italy were interviewed by the DOJ Division of Criminal Investigation (DCI). From these interviews, agents discovered Reyment made several false representations, ultimately embezzling their money.
His crimes could result in up to $75,000 in fines and up to 30 years in prison. The request for restitution to victims total $350,518.40, according to the DOJ.
Reyment is scheduled for sentencing Friday, June 21 at the Brown County Courthouse.
The case is being handled by DOJ Criminal Litigation Unit Assistant Attorney General Rich Chiapete.