A press release from the U.S. Attorney’s Office: North Suburban Man Charged with Fraud in Connection with Ponzi-Type Scheme that Swindled Elderly Investors CHICAGO — A north suburban man defrauded more than a dozen clients, some of whom were elderly … Continue reading
A press release from the U.S. Attorney’s Office: Father and Son Among Four People Indicted in $2.9 Million Ponzi Scheme Involving Bogus Mortgage Sales in North Suburbs CHICAGO — A father and son schemed with a Chicago attorney and a … Continue reading
A press release from the U.S. Attorney’s Office: Chicago Investment Fund Manager Sentenced to 72 Months in Federal Prison for Defrauding Investors of over $9 Million CHICAGO — A Chicago investment manager who fraudulently obtained millions of dollars from investors in … Continue reading
A press release from the U.S. Attorney’s Office: FORMER INVESTMENT ADVISER SENTENCED TO 3½ YEARS IN PRISON FOR $3 MILLION LOSS TO VICTIMS IN FINANCING FRAUD SCHEME CHICAGO ― A former investment adviser was sentenced to 3½ years in federal … Continue reading
The Financial Crimes folks at the U.S. Attorney’s Office keep churning out indictments of those fleecing investors. The following press release explains the latest: CHICAGO INVESTMENT FUND MANAGER FACING CRIMINAL CHARGE FOR ALLEGEDLY DEFRAUDING 41 INVESTORS OF $11.3 MILLION CHICAGO … Continue reading
A press release from the U.S. Attorney’s Office: SUBURBAN INVESTMENT ADVISOR INDICTED FOR ALLEGEDLY DEFRAUDING AT LEAST 10 INVESTORS OF $2.9 MILLION CHICAGO — A west suburban investment advisor was indicted on federal charges alleging that he fraudulently obtained approximately … Continue reading
A press release from the U.S. Attorney’s Office: FORMER COMMODITIES TRADER SENTENCED TO 6½ YEARS IN PRISON FOR $5.3 MILLION LOSS TO VICTIMS IN $10 MILLION FRAUD SCHEME CHICAGO ― A former Chicago commodities trader was sentenced to 6½ years … Continue reading
Since the following court decision expands protections for bloggers, such as McHenry County Blog, it is being reprinted in full. My thanks for an alert Friend of McHenry County Blog for telling me about it. Highlighting and additional paragraphing has … Continue reading
A press release from the U.S. Attorney’s Office: INVESTMENT ADVISOR AND REAL ESTATE DEVELOPER CHARGED WITH CAUSING $5.5 MILLION LOSS TO 25 INVESTORS IN $9 MILLION FRAUD SCHEME CHICAGO ― A former securities broker and his associate in a real … Continue reading
Sill another press release from the U.S. Attorney’s Office: FORMER COMMODITIES TRADER CHARGED WITH CAUSING $5 MILLION LOSS TO BANK AND OTHERS IN ALLEGED $10 MILLION FRAUD SCHEME CHICAGO ― A former Chicago commodities trader was charged today with allegedly … Continue reading
A press release from the U.S. Attorney’s Office: CHICAGO MAN SENTENCED TO 5½ YEARS IN FEDERAL PRISON FOR $2.6 MILLION INVESTMENT FRAUD SCHEME CHICAGO – A Chicago man was sentenced to 5½ years in federal prison for cheating about 35 … Continue reading
A press release from the U.S. Attorney’s Office: THREE FRAUD DEFENDANTS WHO MET IN PRISON SENT BACK TO SERVE NEW SENTENCES IN $3.6 MILLION PONZI SCHEME CHICAGO — Three serial fraud defendants who met while incarcerated for unrelated crimes at … Continue reading
A press release from the U.S. Attorney’s Office: CHICAGO INVESTMENT ADVISOR SENTENCED TO SIX YEARS IN PRISON FOR CAUSING CLIENTS TO LOSE $1.6 MILLION IN FRAUD SCHEME CHICAGO — A former Chicago investment advisor was sentenced today to six years … Continue reading
A press release from the U.S. Attorney’s Office: TWO WEST SUBURBAN MEN TO BE ARRAIGNED ON FEDERAL CHARGES IN $28 MILLION INVESTMENT FRAUD SCHEME CHICAGO — Two west suburban men are scheduled to be arraigned Thursday on federal charges alleging … Continue reading
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
A press release from the U.S. Attorney’s Office: WILL COUNTY COUPLE SENTENCED TO FEDERAL PRISON TERMS FOR INVESTMENT FRAUD SCHEME THAT SWINDLED 40 VICTIMS OF $1 MILLION CHICAGO — A Will County couple has been sentenced to federal prison terms … Continue reading
A press release from the U.S. Attorney’s Office: HUNTLEY MAN SENTENCED TO 45 MONTHS IN PRISON FOR DEFRAUDING HIS FRIENDS AND ACQUAINTANCES OUT OF MORE THAN $1,000,000 Rockford — A Huntley, Ill. man was sentenced today in federal court to … Continue reading
A press release from the U.S. Attorney’s Office: CHICAGO MAN INDICTED FOR ALLEGEDLY CAUSING 15 INVESTORS TO LOSE APPROXIMATELY $600,000 IN PONZI-TYPE FRAUD SCHEME CHICAGO — A Chicago man who operated an investment trading pool allegedly fraudulently obtained approximately $1.4 … Continue reading
A press release from the U.S. Attorney’s Office: McHENRY COUNTY BUSINESSMAN PLEADS GUILTY TO $7 MILLION FRAUD ROCKFORD — A Woodstock, Ill., man pleaded guilty today in federal court in Rockford to conducting a $7 million mail fraud scheme. Francis … Continue reading
A press release from the U.S. Attorney’s Office: CHICAGO INVESTMENT ADVISOR INDICTED FOR ALLEGEDLY CAUSING CLIENTS TO LOSE $1.5 MILLION IN FRAUD SCHEME CHICAGO — A Chicago investment advisor allegedly engaged in an investment fraud scheme that swindled clients, causing … Continue reading
