Business ProfileforScreamline Lures, Inc.
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The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On May 24, 2018, Wisconsin Attorney General, Brad Schimel announced that the Wisconsin Department of Justice arrested and filed criminal charges against Andrew J. Reyment of Screamline Lures, Inc for allegedly embezzling $350,000 from investors. Reyment was charged with seven counts of embezzlement and accused of a theft scheme.
According to the complaint, Reyment posted on social media that he was seeking investors for his company Screamline Lures, Inc and when several investors inquired, made false representations to investors and then illegally and without consent, converted the funds for his own personal use.
On April 22, 2019, Attorney General Josh Kaul announced Andrew J. Reyment of Cecil, Wis. pled guilty to three counts of embezzlement.
Reyment was charged with embezzlement and is accused of a theft scheme in which he made false representations to investors about his fishing lure company and then illegally and without consent, converted the investor funds for his own personal use. The Shawano County Sheriff’s Office assisted DOJ Division of Criminal Investigation (DCI) agents with the arrest of Reyment in Shawano on May 23, 2018 and he was transferred to Brown County Jail on May 24, 2018.
Reyment posted on multiple social media sites that he was seeking investors for his corporation, Screamline Lures. As a result of the posts, several individuals responded to Reyment, and based upon false representations, they ultimately invested in Screamline Lures. Reyment, illegally and without consent, then converted the investor funds for his own personal use. The victim investors, located in Wisconsin, Illinois, and Italy, were interviewed by DCI special agents. During the investigation, special agents found that Reyment had made several false representations to investors and then embezzled their money.
Reyment’s crimes hold a penalty up to $75,000 in fines and up to 30 years in prison. Request for restitution to victims totals $350,518.40. Sentencing is scheduled for Friday, June 21, 2019 at the Brown County Courthouse.
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Business Details
- Location of This Business
- 2816 Sussex Rd, Green Bay, WI 54311-7475
- BBB File Opened:
- 6/6/2018
- Years in Business:
- 7
- Business Started:
- 3/2/2017
- Business Started Locally:
- 3/2/2017
- Business Incorporated:
- 3/2/2017
- Type of Entity:
- Corporation
Customer Complaints
0 Customer Complaints
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