Woodstock Man Sentenced in $9 Million Ponzi Scheme

Woodstock’s Francis X. Sanchez has been sentenced to 11 and a third years in Rockford Federal Court fraudulently obtaining $7 million from investors in his InvestForClosures business. Sanchez admitted wrong-doing, which can be read in the press release from the … Continue reading

Feds Target $7 Million Woodstock-Based Ponzi Scheme

The Ponzi schemes being uncovered by the U.S. government are getting closer to home. This case had assistance from the Illinois Secretary of State’s Office and is based in Woodstock: TWO McHENRY COUNTY BUSINESSMEN INDICTED ON FEDERAL CHARGES FOR DEFRAUDING … Continue reading