Former Huntley Chevrolet Owner Off to Jail for 13 1/2 Years

A press release from the U.S. Attorney’s Office: VEHICLE DEALER AND ACCOUNTANT SENTENCED TO PRISON FOR $75.9 MILLION FINANCING FRAUD SCHEME THAT CAUSED 18 LENDERS TO LOSE $58.8 MILLION CHICAGO — A former area motorcycle and recreational vehicle dealer and … Continue reading

Chicago State Rep. LaShawn Ford Indicted for Bank Fraud in Alleged Rehab Scheme & to Pay for His 2006 Campaign

Before reading this press release from the U.S. Attorney’s Office on a second inner city Democratic Party State Rep. under Federal indictment, reflect upon the 2006 date for which he is charged with using ill-gotten money to pay for campaign … Continue reading

Woodstock’s Jon Shain Pleads Guilty to Money Laundering & Amcore Bank Fraud

A press release from the U.S. Attorney’s Office: WOODSTOCK MAN PLEADS GUILTY TO FEDERAL BANK FRAUD AND MONEY LAUNDERING CHARGES ROCKFORD — A Woodstock, Ill., man pleaded guilty today in Federal Court to charges of bank fraud and money laundering. … Continue reading

Fifth Third Bank Takes $17 Million Fraud Hit from Computer World Solution

Ever wonder why big banks have problems? The press release below from U.S. Attorney Patrick Fitzgerald’s office outlines one reason for troubles at Fifth Third Bank. It uses the word “swindle.” Bankrupt Computer World Solution’s Chief Operating Officer Kevin Gore … Continue reading