Chicago crypto company CEO indicted in $10M money laundering scheme
The founder of a Chicago cryptocurrency firm has been indicted on federal charges, accused of laundering $10 million in illicit proceeds from wire fraud and drug crimes.
Watch CBS News
The founder of a Chicago cryptocurrency firm has been indicted on federal charges, accused of laundering $10 million in illicit proceeds from wire fraud and drug crimes.
U.S. Attorney Jeanine Pirro will hold a press conference to announce that the "Scam Center Strike Force to go after crypto investment fraudsters.
President Trump signed the country's first major legislation aimed at regulating cryptocurrency on Friday, hailing "the exciting new frontier" for the technology.
It would allow the companies to consider crypto as an asset for single-family home loan risk assessments.
The Japanese shiba inu dog that became an internet sensation and inspired a $23 billion cryptocurrency has died, her owner says.
CBS 2 calculated a 50% increase in crypto-related cases in just a decade, according to Chicago police data.
CBS 2 calculated a 50% increase in crypto-related cases in just a decade, according to Chicago police data. CBS 2's Lauren Victory reports.
In federal court, he was sentenced to 25 years for the fraud and conspiracy that led to the collapse of FXT. It was once one of the world's most popular digital currency exchange platforms.
The Better Business Bureau says the scams where victims could lose the most money were cryptocurrency and investment scams - beating out online purchasing scams, which topped the list the past few years.
The $1 billion lawsuit alleges Portuguese soccer star Cristiano Ronaldo's promotion of the NFTs led people into costly and unsafe investments.
The charges are related to a police search warrant executed in Lisle on Wednesday.
A business and three individuals facing charges in Ohio for illegally owning and operating cryptocurrency kiosks and bilked victims, including the elderly, out of millions of dollars have ties to suburban Chicago communities.
Securities regulators claim Sam Bankman-Fried built a "house of cards" while telling investors their money was safe.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
A 15-year-old boy was shot and critically wounded this weekend in Joliet, Illinois.
A man stood charged with a hate crime Sunday following an incident at a bakery in the west Chicago suburb of Lombard last week.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
A 17-year-old boy was shot and killed Saturday night in the North Park neighborhood on Chicago's Northwest Side.
Two eastbound lanes of Interstate 80 were blocked just south of Tinley Park, Illinois, early Sunday after a semi-trailer truck rolled over.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
TSA officers faced their first full missed paycheck Friday.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
A key City Council committee on Friday backed a $27 million settlement with the family of a mother of six killed in a crash during a high-speed police chase in 2017.
A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
Despite a rash of restaurant closures, veterans of the plant-based food business pushed back against prophecies of doom — and in one case argued that such closures notwithstanding, plant-based eating is only growing.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
Capital One is laying off more than 1,100 workers at the former Discover headquarters in north suburban Riverwoods.
A new development at the southeast corner of Chicago's East Lakeview community would clear away a medical office building and replace it with a residential high-rise.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Comedy power couple Nick Offerman and Megan Mullally are starring in the Goodman Theatre's new musical coming this summer.
A play inspired by the story of Emmett Till has now been extended twice past its initial run at Collaboraction Theatre in Humboldt Park.
Jennifer Runyon, a Chicago native who became famous as an actress appearing in "Ghostbusters" and "Charles in Charge," died last week.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Meteorologist Mary Kay Kleist has your 10:30 a.m. First Alert Weather forecast for Sunday, March 15, 2026.
Organizers are also reminding people planning to come out Sunday to pay close attention to parking restrictions and street closures in the area as the parade route fills up. Darius Johnson reports.
Shawna Mizelle reports on the servicemembers, who were killed when a refueling aircraft taking part in operations against Iran crashed in western Iraq on Thursday.
Two people were killed early Sunday morning in a crash on the Kennedy Expressway in Chicago's West Loop.
Suzanne Le Mignot spotted a man dressed as Pope Leo XIV in the crowd after the dyeing of the Chicago River on Saturday, while Mary Kay Kleist shows us some photos of the incredible tornadic activity in the area last week.
A severe weather threat is in place from 4 p.m. to 9 p.m., with damaging winds as the greatest hazard.
All lanes of the inbound Kennedy Expressway were blocked in the West Loop early Sunday after a crash.
An on-duty Chicago police sergeant was shot overnight Sunday into Monday while driving in the city's Pullman neighborhood.
The 48th annual South Side Irish Parade stepped off Sunday in Chicago's Beverly neighborhood.
A 15-year-old boy was shot and critically wounded this weekend in Joliet, Illinois.
Attorneys for the family of a woman killed in a crash during a high-speed police chase in 2017 say officers involved failed to activate their body cameras or turned them off during the pursuit.
A new specialized unit is being created to prosecute domestic violence homicides in Cook County, as these killings surged 15% last year, even as overall violent crime declined across Chicago.
After a year of water bill complaints in Lisle, Illinois, the village board is officially moving forward with a plan to review those issues and possibly have the village take over for the private utility that supplies water to part of the village.
Two separate child abuse cases in Lake County, Illinois, are prompting questions about the roles schools play in identifying warning signs and alerting authorities.
A Chicago senior citizen said his phone has been ringing off the hook with hundreds of unwanted spam calls that have made his beloved landline virtually unusable. New efforts in Springfield could bring real relief.
For Wheaton College's Tess Boyer, her prowess in the pool isn't the only impressive part of her story.
Vegas' Jeremy Lauzon and Chicago's Ethan Del Mastro were ejected in the third period after receiving roughing and misconduct penalties.
Neither team scored until the 81st minute when Cuypers sent a PK into the net after a foul on DC United midfielder Jackson Hopkins.
No. 3 Michigan beat Nick Boyd and No. 23 Wisconsin 68-65 on Saturday to advance to the Big Ten Tournament championship.
Purdue beat short-handed UCLA 73-66 on Saturday to advance to the Big Ten Tournament championship game.
A 15-year-old boy was shot and critically wounded this weekend in Joliet, Illinois.
A man stood charged with a hate crime Sunday following an incident at a bakery in the west Chicago suburb of Lombard last week.
A 17-year-old boy was shot and killed Saturday night in the North Park neighborhood on Chicago's Northwest Side.
An on-duty Chicago police sergeant was shot overnight Saturday into Sunday while driving in the city's Pullman neighborhood.
The attacker rammed a vehicle into Temple Israel in West Bloomfield and opened fire, but he was the only one killed, law enforcement officials said.
