Fund Manager Charged With Defrauding Investors Of $11MNeal Goyal, 33, was charged Wednesday with one count of wire fraud. He was the founder and manager of Blue Horizon Asset Management and Caldera Advisors, both of which were unregistered investment advisors.
Trio Sentenced For Ponzi Scheme Hatched In PrisonThree con men who met behind bars were headed back to prison for a $3.5 million Ponzi scheme involving comic books, movies and collectibles.
Investment Advisor Charged With Defrauding Clients Out Of $4 MillionFederal prosecutors are accusing a Carol Stream man of scamming more than $4 million from clients to use in risky investments.
Former Crystal Lake Man A New Defendant In $105M Ponzi SchemeA former Crystal Lake man has been charged in a pending federal case alleging he and another man allegedly engaged in a Ponzi scheme that defrauded about 400 investors out of $105 million.
Man Gets 15 Years For Ponzi Scheme He Ran With 2 Grown ChildrenA Highland Park man has been sentenced to 15 years in prison in connection with a Ponzi scheme he ran with his son and daughter that bilked investors out of $10.7 million.
Palatine Businessmen Charged In Real Estate Ponzi SchemeFederal authorities have charged two suburban businessmen with defrauding investors out more than $16 million in a Ponzi scheme.
Salesman Charged With Bilking Investors Out Of $5MA Geneva salesman has been charged with defrauding investors in four Las Vegas companies out of more than $5 million in a Ponzi scheme.
Fox Lake Man Gets 4.5 Years For $3M Ponzi SchemeA man from northwest suburban Fox Lake has been sentenced to 4 ½ years in prison for concucting a Ponzi scheme that cheated more than two dozen people of $3.3 million.
Feds: Suburban Man Took More Than $4M In Ponzi SchemeA Mount Prospect man who raised about $12 million from investors in a real estate deal that federal prosecutors call a "Ponzi" scheme has been charged with wire fraud and sued by the SEC.
N. Suburban Hedge Fund Manager Gets 6 Years