Attorney General Lisa Madigan announced yesterday that a former Chicago man was sentenced today to 13 years in the Illinois Department of Corrections (IDOC) for his role in operating an investment fraud scheme that targeted mainly those in the Chicago-area Hispanic community and bilked investors out of more than $10 million. DuPage County Circuit Court […]
Home» Posts tagged "Investment Fraud"
SEC WINS FRAUD TRIAL AGAINST MIAMI INVESTMENT COMPANY U.S. PENSION TRUST AND ITS OFFICERS
The Securities and Exchange Commission announced today that a U.S. District Judge found two Miami companies and their three officers liable for violating the anti-fraud provisions of the federal securities laws stemming from a 13-year fraud in which they siphoned up to 85 percent of investors’ initial contributions for undisclosed commissions and other fees. A […]