KTTC Rochester, Austin, Mason City News, Weather and SportsLa Crosse man pleads guilty to retirement fund swindle

La Crosse man pleads guilty to retirement fund swindle

Updated:

LA CROSSE, Wis. (AP) -- A former La Crosse retirement fund manager has pleaded guilty to stealing more than $850,000 from investors.

Donald Johnson disappeared in 1995 after raiding the retirement accounts of 68 investors -- including teachers, clergy members and nurses.

Fourteen years later, the 67-year-old Johnson resurfaced and turned himself in at the La Crosse police station.

The La Crosse Tribune reports Johnson faces 10 years in prison when he's sentenced May 17.

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