GOP Candidate Named in Settlement of ‘Ponzi Scheme’

Wisconsin Public Radio: “Republican Paul Wassgren of Ashland is touting his experience as a financial services broker and corporate attorney as he runs against three other GOP candidates in a primary for Northern Wisconsin’s 7th Congressional District.”

“But two years ago, he was involved in a $44 million settlement that ended a class action lawsuit in which investors alleged the Florida-based company Wassgren represented orchestrated a ‘Ponzi scheme’ that raised more than $170 million.”