APPLETON MAN SENTENCED TO 15 YEARS IN PRISON FOR PONZI SCHEME | USAO-EDWI
Richard G. Frohling, United States Attorney for the Eastern District of Wisconsin, announced that on May 4, 2022, Judge William C. Griesbach sentenced Robert Narvett (age: 57), of Appleton, Wisconsin, to 180 months in jail for one count of wire fraud, violating 18 USC § 1343 and one count of money laundering, violating 18 USC § 1956. Narvett was also ordered to recompense his victims , sentenced to three years of supervised release and ordered to pay $100 Special Assessment.
Narvett was indicted by a federal grand jury in March 2021 and pleaded guilty to wire fraud and money laundering on January 21, 2022. Judge Griesbach found that Narvett defrauded nearly 70 different victims, including his family, his friends and neighbors over $2 million and that he has been involved with the scheme for over a decade. More than a dozen victims of Narvett spoke at the sentencing hearing, describing how Narvett ruined their lives. Many described ruined credit scores, the inability to pay basic living necessities, and the need to re-enter the workforce after retirement. A victim told Judge Griesbach that Narvett’s fraud made her a “prisoner of my life”.
Judge Griesbach described Narvett’s crime as “horrific”, noting that it had the “characteristics of a violent crime” due to the way it affected Narvett’s victims. He described Narvett’s conduct as “astonishing” and explained that the 15-year sentence he imposed was necessary to punish justly, protect the public and send a serious message to others that financial crimes that victimize people don’t pay. not.
“The sentence imposed in this case reflects the devastating impact white-collar crime can have on individual victims and our community as a whole,” said U.S. Attorney Frohling. “To satisfy his own greed, Mr. Narvett left a trail of financial devastation and shattered lives for his family, friends and others whose trust he had earned. I commend the team of agents, lawyers and support staff who have dedicated themselves to pursuing justice for the victims in this case.
“The fraud committed by a trusted friend, family member and neighbor for personal gain has been devastating and has had a negative impact on members of our community.” said FBI Special Agent in Charge Michael E. Hensle. “The FBI continues to work with its partners in the United States Attorney’s Office to ensure that perpetrators of financial fraud are investigated and brought to justice.”
The Federal Bureau of Investigation investigated the case, which Assistant United States Attorneys Julie F. Stewart and Daniel R. Humble prosecuted. Narvett also faces an ongoing civil action brought by the Commodities Futures Trading Commission regarding similar conduct.
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Public Information Officer Kenneth Gales
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