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APPLETON MAN SENTENCED TO 15 YEARS’ IMPRISONMENT 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’ imprisonment for one count of Wire Fraud, in violation of 18 U.S.C. § 1343 and one count of Money Laundering, in violation of 18 U.S.C. § 1956. Narvett was also ordered to pay restitution to his victims, sentenced to three years of supervised release, and ordered to pay a $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, friends, and neighbors of over $2 million and that he engaged in the scheme for over a decade. More than a dozen of Narvett’s victims spoke at the sentencing hearing, describing the ways in which Narvett ruined their lives. Many described ruined credit scores, inability to afford basic life necessities, and having to re-enter the workforce after retiring. One victim told Judge Griesbach that Narvett’s fraud made her a “prisoner of my life.”

Judge Griesbach described Narvett’s crime as “horrible,” noting that it had the “earmarks of violent crime” because of the way it impacted Narvett’s victims. He described Narvett’s conduct as “astounding” and explained that the 15-year sentence he was imposing was necessary…

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