Hunt on for man that swindled investors out of hundreds of thous - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Hunt on for man that swindled investors out of hundreds of thousands of dollars

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By Keith Edwards - bio | email

Polk County (WQOW) - Law enforcement in western Wisconsin is on the lookout for a man accused of swindling investors out of nearly $750,000.

Joel Carlson has just been charged in Polk County. He was last known to be living in a suburb of the Twin Cities. He operated a business called Trust Financial Group.

Investigators say an Amery couple lost $206,000 after hiring him to invest their money in securities. Instead, police say he stole the money.

They say nine investors lost a total of $734,000. Investigators say Carlson sent an apology letter to his victims in August, saying he took the money to maintain his family's unrealistic lifestyle during the economic downturn.

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