Mincoqua man faces decades in prison on money, investment fraud charges

MINOCQUA, Wis. (WSAW) - A Minocqua man has been charged with fraud and other financial crimes.

Cory Kromray, 39, is charged with eight counts of wire fraud and two counts of engaging in monetary transactions in property derived from specified unlawful activity.

The indictment alleges that between September 2018 and April 2025, Kromray accepted money from investors and promised to invest their funds into trade stocks, mutual funds, cryptocurrency, and foreign currency exchange market. However, the indictment alleges that Kromray failed to invest the money as promised and he used the majority of the money for his own purposes.

If convicted, Kromray faces a maximum combined penalty of 30 years for all charges.

The investigation was conducted by the IRS Criminal Investigation and the Federal Bureau of Investigation.