A press release from the U.S. Attorney’s Office: FATHER SENTENCED TO 15 YEARS IN PRISON, FOLLOWING EIGHT-YEAR TERMS IMPOSED ON SON AND DAUGHTER, FOR THEIR ROLES IN $10 MILLION AFFINITY FRAUD SCHEME THAT SWINDLED 2,000 VICTIMS CHICAGO — A Chicago … Continue reading
Category Archives: Financial Fraud Enforcement Task Force
A press release from the U.S. Attorney’s Office: DIRECTOR OF DEFUNCT LAKE SHORE ASSET MANAGEMENT PLEADS GUILTY TO DEFRAUDING 900 INVESTORS IN $294 MILLION FRAUD SCHEME CHICAGO — The former managing director of a hedge fund that was forced into … Continue reading
A press release from the U.S. Attorney’s Office: FORMER SOUTH HOLLAND MAN SENTENCED TO 17½ YEARS IN PRISON FOR DIRECTING $35 MILLION MORTGAGE FRAUD SCHEME INVOLVING MORE THAN 120 RESIDENCES IN THE CHICAGO AREA CHICAGO — A former South Holland … Continue reading
This press releases hit close to home, since I have sleep apnea: NORTH SUBURBAN MAN INDICTED IN ALLEGED FRAUD SCHEME INVOLVING $4 MILLION RAISED FROM 50 INVESTORS IN SLEEP DISORDER BUSINESSES CHICAGO — A north suburban man was indicted on … Continue reading
A press release from the U.S. Attorney’s Office: TWO SUBURBAN MEN ALLEGEDLY OBTAINED $16 MILLION FROM 300 INVESTORS IN FRAUDULENT REAL ESTATE INVESTMENT SCHEME CHICAGO — Two businessmen who operated a defunct northwest suburban real estate investment company were charged … Continue reading
The guy’s name this time is Frank Castaldi. The U.S. Attorney’s press release follows: SUBURBAN MAN SENTENCED TO 23 YEARS IN PRISON AFTER HUNDREDS OF VICTIMS LOST MORE THAN $30 MILLION IN 22-YEAR “PONZI” SCHEME CHICAGO — A Ponzi scheme … Continue reading