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Former owner of Masterlink indicted for loan fraud

Feb. 27, 2014 2:54 p.m. | The former owner of Menomonee Falls-based Masterlink Corporation was indicted in federal court last week on charges of filing false loan statements for the company.

Bruce Magnuson is accused of filing false financial statements from 2006 until the company went into receivership in 2010, according to the indictment. The financial statements, which greatly inflated the financial stability of the information technology firm, were used to secure a $750,000 small-business loan from M&I Bank in July 2009, the indictment asserts.

Magnuson, 62, has already entered into a plea agreement with the U.S. District Attorney’s Office, according to court documents. Under the agreement, Magnuson would pay $608,098 for the Masterlink loan and another $358,368 for a loan secured by one of his other corporations. Magnuson would also face anywhere from three to four years in prison.

According to the Wisconsin Department of Financial Institutions, Magnuson currently serves as CEO for Cablemaster Corporation in Milwaukee, an electrical wire and cable distributer and manufacturer.

Masterlink Corporation was founded by Magnuson in 1989 and specialized in IT consulting and network integration. The company was named a “Future 50” fast-growing company by the Metropolitan Milwaukee Association of Commerce in 2007, 2008 and 2009.

» Read Full Article

Seussapalozza at OPL

8:16 a.m. |  From Toddler Story time today at 10 a.m. to tomorrow's Preschool Story time at 10:45 a.m., and children's Crafternoon from 2-4 p.m., children will enjoy  Seussapalozza at the Oconomowoc Public Library.

SeussvilleImage., 

Read Across America Day is held every year on March 2 to commemorate Dr. Seuss’ birthday. 

Enjoy stories, songs, and a puppet show. The events are FREE and  no registration required. Everyone is welcome to join the fun.

 

Going out? Plan extra time

7:32 a.m. | March has come roaring in like a lion with snow this morning, making for a messy commute. 

Roads -- even city streets -- are snow covered, and the drive is not an easy one. Motorists should plan extra time to get where they're going. 

Forecasters say the snow should ease off by this afternoon, but is expected to be followed by sleet and/or freezing rain. 

Tomorrow, look for colder temps -- in the teens. But it's Wisconsin in March, so things are looking up; it could reach mid-30s by the weekend.

Arrowhead responds to locker room criticism

March 02, 2015 2:38 p.m. |  The reactions differed, but one thing was clear: people were talking about the renovated Arrowhead girls and boys basketball locker rooms.

photo gallery and story were posted on LakeCountryNow.com on Wednesday, Feb. 25, and were immediately met with support, opposition and everything in between on social media.

Since the photos and story were released, Arrowhead has come under criticism in some cases for the locker room renovation project; district officials think there are inaccuracies being discussed on social media and in subsequent media stories.

Read our entire story here, or check out the article in Tuesday's Lake Country Reporter.

Armed robbery in town of Eagle, police searching for suspect

March 02, 2015 9:46 a.m. | Town of Eagle — The Waukesha County Sheriff's Department is searching for a suspect involved in an armed robbery Feb. 27 at Corner Stone Filling Station.

At 7:26 p.m. the sheriff's department responded to the gas station, S101 W34414 Highway LO in the town of Eagle. The suspect entered the front door of the business and obtained an undetermined amount of cash, according to a news release.

The suspect fled the scene in a newer model dark colored Honda CRV or a similar vehicle.

Two employees were inside the business during the robbery. No one was physically injured.

The suspect is a white male approximately 5-foot-7 to 5-foot-9 tall with an average build. He was wearing black shoes, blue jeans, a black jacket with a hood and a black mask.

» Read Full Article

House fire update

March 02, 2015 7:51 a.m. |  City of Oconomowoc firefighters were on the scene of a house fire Sunday afternoon at W37049 Washington St., in the Town of Oconomowoc.

According to information from the fire department, all occupants and pets were evacuated prior to its arrival. The fire call was received at 3:47 p.m., and flames and smoke were showing on the roof from an area near the chimney of a wood burning stove.

The first engine on the scene made an agressive interior attack; a second engine attempted to enter the second floor but was driven back by high heat conditions, Firefighters conducted a defensive exterior attack until the fire was extinguished.

The cause of the fire remains under investigation but is accidental, according to authorities, and no injuried were reported.

No dmaage estimate is available at this time, but danage to the home and its contents was significant. 

» Read Full Article

Winter sends a reminder that it's still here

March 02, 2015 7:12 a.m. |  Just in case anyone thought the change in the calendar heralded a change in the season, winter has a message: Not so fast.

The National Weather service has issued a winter weather advisory for snow, sleet and freezing rain from 3 a.m. to 6 p.m. Tuesday.

Snow is expected to start early Tuesday morning and transition to sleet, freezing rain and rain from midmorning through afternoon. Precipition is expected to taper off during the later afternoon, after accumulations of 1 to 3 inches. 

The precipitation could cause slippery roads during the Tuesday morning commute. 

House fire in Oconomowoc

March 01, 2015 7:22 p.m. | Firefighters are on the scene of a house fire at W37049 Washington St., in  Oconomowoc. Mutual aid is being provided by several local departments. More information as it becomes available,

Arrowhead girls defeat Germantown

Feb. 28, 2015 9:28 p.m. | Host Arrowhead, ranked 11th, defeated visiting Germantown (ranked 10th) Saturday night in a WIAA Division 1 regional final, 54-47. The win vaults the Warhawks into the sectional next Friday against Classic 8 Conference rival Waukesha West. Sophomore Grace Gilmore led the Warhawks with 18 points. Junior Katie Hinzey had her best game of the year and scored 13 points and senior Ally May had 9. The win was the 14th straight for AHS, who improved to 19-5 on the year.

Pewaukee girls upset by New Berlin West

Feb. 27, 2015 9:48 p.m. | Pewaukee's girls basketball team, ranked No. 8 in the state, was stunned by New Berlin West Friday night in a WIAA Division 2 regional semifinal,59-37. The PHS season ended with an 18-5 record. During the regular season Pewaukee had defeated West twice.

Arrowhead girls end Kettle Moraine season

Feb. 27, 2015 9:36 p.m. | Host Arrowhead defeated Kettle Moraine's girls basketball team Friday night, 55-26,The win moves the 11th ranked Warhawks into the regional title game on Saturday at AHS at 7 p.m. against 10th ranked Germantown. Ally May had 12 points for the Warhawks and Augy Jepseb had 11. Lindsey Weber led Kettle Moraine with 13 points, all coming in the second half.

Eat your way through the weekend

Feb. 27, 2015 3:00 p.m. | Food will be in the spotlight this weekend, with everything from pancakes to chili to delight your taste buds.

Rise and shine with a stack of flapjacks at the Rotary Pancake Day, 7:30 a.m.  to 1 p.m. Saturday at the Waukesha County Expo Center Arena, 1000 Northview Road, Waukesha.

The event is a fundraiser for the Waukesha Rotary Club. Advance tickets at $5 each are available at Waukesha State Bank, downtown location. Tickets are $7 at the door; free for children 5 and younger. For more information visit www.waukesharotary.org.

The ninth Annual Oconomowoc Rotary Wine & Brew Fest starts at 5 p.m.  Saturday at Olympia Resort, 1350 Royale Mile Road, Oconomowoc.  The festival features beer, wine and food from the best local restaurants.

Tickets at $50 from any O-Town Rotarian, through Facebook, or in person at most area First Bank Financial Centre locations, Books & Company & Lorleberg True Value Hardware.  For more information visit www.oconomowocrotary.org.

» Read Full Article

Proposed residential sports field met with opposition in village of Big Bend

Feb. 27, 2015 8:53 a.m. | Village of Big Bend — There wasn't an open seat inside Village Hall on Feb. 26 as sparks flared between neighbors during a public hearing on a proposed development of an outdoor recreational facility in the village of Big Bend.

Village of Big Bend resident Steven Adkins has requested a conditional use permit to build a multiuse sports field on his residential property located at W234 S6790 Big Bend Drive. The proposed field would include accessories such as a scoreboard, soccer goals, lighting and other equipment.

"On paper it looks really big and scary," said Adkins, who sat in the front row during the public hearing with his four children — one wearing a sports jersey. "I want to be able to play with my kids in my backyard."

Those in attendance — many of whom said they live near Adkins — responded to the request with a resounding "no."

Village President James Soneberg opened the hourlong public hearing by reading and summarizing letters sent in by village residents. All of the letters opposed the project.

» Read Full Article

Learning Never Ends coming to Arrowhead in March

Feb. 26, 2015 6:00 p.m. |  Want to learn something new in a relatively short time? Arrowhead's Learning Never Ends does just that.

The program, in its second year, takes place March 25 and offers a variety of classes for adults. Read our preview story here.

The event is free. Register at arrowheadschools.org.

Portions of Lake Country bike trail in Delafield, Pewaukee closing soon

Feb. 26, 2015 2:55 p.m. | Closures in Delafield and Pewaukee along the Lake Country Bike Trail are imminent.

Partial closures have occurred intermittently since August, when the American Transmission Company (ATC) first announced it would be removing and replacing high-voltage transmission poles and wires along the trail as part of a larger effort called the Quad County Electric Reliability Project.

The closures are anticipated to begin in early March.

Vegetation clearing and restoration work will shut down a portion of the trail from Highway P to Glen Cove Road until April or May. Alissa Braatz, an ATC corporate communications officer, said in an email that the work is weather dependent, so the time line for completion may fluctuate if Wisconsin experiences another long winter.

Braatz said updated signs warning Lake Country residents of the impending closures have been posted at various entry points along the trail, and she said that ATC is also sending out informational postcards explaining the closures to residents who live near the Glen Cove Road portion of the trail.

» Read Full Article

Eagle detachment requests tossed out by Palmyra-Eagle school board

Feb. 25, 2015 11:57 p.m. | Despite two of five petitions to detach from the Palmyra-Eagle Area School District and attach to the Mukwonago Area School District being determined as invalid, the P-EASD school board unanimously denied all five requests to detach on Feb. 25. 

Following more than two hours of presentations from petitioners for the detachment, administrators and counsel for the district, along with resident comments against the detachment, the board came out of closed session and shared financial information that clinched board members decisions on the matter. 

Already staring at a potential loss of more than $1 million in revenue by 2018-19, if the five detachments were to go through, a finance report from Ehlers Group indicated P-EASD could be stuck paying Mukwonago between $3 and $7 million, depending on how assets and liabilities would be distributed. 

That came down to a "game changer" that threatened the livelihood of the Palmyra-Eagle district for board member Tom Novak and the rest of the board, as each resolution to deny the petitions was unanimously approved. 

"This is it. We own it now," board President Scott Hoff told the crowd standing to applaud school board members in the middle school gymnasium. 

» Read Full Article

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