On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

Listen Live Now » 1440 AM Green Bay, WI


Current Conditions(Green Bay,WI 54303)

More Weather »
58° Feels Like: 58°
Wind: NNW 14 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip


Partly Cloudy 59°


Partly Cloudy 38°


Sunny 68°


  • 0 Severe Weather Alerts
  • 0 Cancellations

Report: Feds investigating Wisconsin Funeral Trust


MADISON, WI (WTAQ) - The federal government is looking into a statewide trust fund which holds the money that Wisconsinites pay to funeral homes for pre-paid burials.

The Milwaukee Journal Sentinel says the Wisconsin Funeral Trust now has a shortfall of $24.5 million. And the Securities and Exchange Commission is examining the Blue Point Investment Counsel, formed last year by a pair of long-time advisers to the funeral trust account.

Milwaukee attorney Jeremy Levinson says the government’s examination process normally determines whether there’s enough evidence to do a full-fledged investigation.

The Funeral Trust was placed into court-ordered receivership last fall, after it built up a deficit of $21 million – $3.5 million less than what’s being reported now.

The court-appointed receiver, John Wirth, has criticized Blue Point’s fees and the aggressive investments chosen for the trust. The fund has over 10,500 investors.

The Journal Sentinel says it’s supposed to have over $70 million on hand – but it actually has less than $50 million.