For full details of Francis Alan Schmitz’ Ponzi scheme plea agreement, click here. The short of it is that the Long Grove man pled guilty to “a scheme to defraud financial institutions and others” and is facing a maximum of … Continue reading
The people cheated out of $3.3 million won’t get their money back, by Judge George Lindberg, who got his start in politics in Crystal Lake in 1966 when he was elected state representative, sentenced Steven R. Green of Winnetka to … Continue reading
The US Attorney’s Office has issued a press release announcing the indictment of Joseph A. Dawson, a Fox Lake resident, for running a Ponzi operation. FAR NORTH SUBURBAN MAN CHARGED WITH CHEATING TWO DOZEN INVESTORS OF $3.7 MILLION IN ALLEGED … Continue reading
An affidavit from U.S. Postal Inspector Natalie Reda has resulted in a criminal complaint against Barrington’s Daniel Spitzer, who also is a resident of St. Thomas. He is accused of running a Ponzi scheme in which people who had previously … Continue reading
What is it about the Bernie Madoff wanna bes? Why are there so many Ponzi schemes being uncovered by the U.S. Attorney’s Office in Chicago? Take a look at the latest details outlined in the following press release about Matthew … Continue reading
The Chicago Tribune is reporting that Frank Castaldi has plead guilty in Federal court. If you would like to read the U.S. Attorney’s press release about the charges in the $31 million scheme, you can find it here. … Continue reading
It’s Ponzi scheme attack week for Chicago’s U.S. Attorney’s office. Yesterday, it $77 million was identified. Today it is “more than $10 million.” Projects mentioned in the indictment of Forrest David Laidley are Glen Gateway Partners and The Glen Gateway … Continue reading
The U.S. Attorney’s Office has issued the following press release about another alleged Ponzi scheme in Chicagoland: FRANK A. CASTALDI CHARGED WITH ALLEGEDLY SWINDLING MORE THAN 450 INVESTORS IN $77 MILLION PONZI-SCHEME CHICAGO – A suburban businessman who offered and … Continue reading
Usually I can’t tell you where to buy a tee shirt that becomes a “Message of the Day.” Not so with LIQUIDATEYOURASSETSInvest in the future with beer money!MILWAUKEE * WISC I found this at a shop at Milwaukee’s Mitchell Airport. … Continue reading
Usually I can’t tell you where to buy a tee shirt that becomes a “Message of the Day.” Not so with LIQUIDATEYOURASSETSInvest in the future with beer money!MILWAUKEE * WISC I found this at a shop at Milwaukee’s Mitchell Airport. … Continue reading
