Please note: Over-the-air viewers in Milwaukee need to re-scan televisions on Friday, October 18 to continue to receive CBS58, WMLW, MeTV, Telemundo Wisconsin, Heroes & Icons, Bounce, Decades, Start TV, Movies! and most other local channels. Those viewers unable to currently receive these stations over-the-air should see improved reception on October 18. Cable and satellite viewers are not impacted.

Further information on the re-scan can be found at:

Tip Line: 414-777-5808 |

Manitowoc man sentenced for carrying out $3,100,000 ponzi scheme against elderly victims

MANITOWOC, Wis. (CBS 58) -- A Manitowoc man was sentenced to 84 months in federal prison on Wednesday for a $3,100,000 ponzi scheme that defrauded elderly victims.

James Nickels, 68, allegedly defrauded 37 victims.

According to the Department of Justice, Nickels was a prominent member of the Manitowoc community for many years and used that status to solicit family, friends, and neighbors to "invest" in his business, which was largely a ponzi scheme.

“As a society, we have an obligation to protect our older members from predators,” said U.S. Attorney Krueger. “This seven-year sentence sends a clear message that taking advantage of elderly persons will be met with severe punishment. This case highlights the Department of Justice’s commitment to working with state and local partners to combat elder fraud.”

Share this article:
Save with
Are you sure you want to delete this comment?


Post a comment
Be the first to leave a comment!
Are you sure you want to delete this comment?