Ponzi scheme

Photo Of $20 And $10 Bills. (AP Photo)

Fund Manager Charged With Defrauding Investors Of $11M

Neal 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.


Prison fence

Trio Sentenced For Ponzi Scheme Hatched In Prison

Three con men who met behind bars were headed back to prison for a $3.5 million Ponzi scheme involving comic books, movies and collectibles.

WBBM Newsradio–05/01/2013

Photo Of $20 And $10 Bills. (AP Photo)

Investment Advisor Charged With Defrauding Clients Out Of $4 Million

Federal prosecutors are accusing a Carol Stream man of scamming more than $4 million from clients to use in risky investments.

CBS Chicago–12/30/2011

Court Case Graphic

Former Crystal Lake Man A New Defendant In $105M Ponzi Scheme

A 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.


A man holds on to a prison bar inside of a jail cell. (Photo by Daniel Berehulak/Getty Images)

Man Gets 15 Years For Ponzi Scheme He Ran With 2 Grown Children

A 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.

CBS Chicago–08/26/2011

"For sale" sign (CBS)

Palatine Businessmen Charged In Real Estate Ponzi Scheme

Federal authorities have charged two suburban businessmen with defrauding investors out more than $16 million in a Ponzi scheme.

CBS Chicago–05/10/2011


Salesman Charged With Bilking Investors Out Of $5M

A Geneva salesman has been charged with defrauding investors in four Las Vegas companies out of more than $5 million in a Ponzi scheme.

CBS Chicago–04/08/2011

Court Case Graphic

Fox Lake Man Gets 4.5 Years For $3M Ponzi Scheme

A 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.


Court Case Graphic

Feds: Suburban Man Took More Than $4M In Ponzi Scheme

A 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.


FILE PHOTO (Photo by Chung Sung-Jun/Getty Images)

N. Suburban Hedge Fund Manager Gets 6 Years

(AP) – A Chicago area hedge fund manager has been sentenced to six years in prison for his role in the $3.7 billion Ponzi scheme allegedly orchestrated by Minnesota businessman Tom Petters. Forty-five-year-old Gregory Malcolm […]

CBS Chicago–10/01/2010