Ponzi scheme
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.
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.
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.
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.
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.
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.
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.
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.
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 […]
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