Film producer accused of defrauding clients out of over $100 million
A federal grand jury in Chicago has indicted a film producer on charges that he defrauded clients out of more than $100 million.
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A federal grand jury in Chicago has indicted a film producer on charges that he defrauded clients out of more than $100 million.
The U.S. Attorney's Office said Jason Cloth, 60, of Beverly Hills, California, solicited clients to invest in purported film and entertainment products in a Ponzi scheme.
The Illinois Secretary of State is warning a businessman known as Mr. Finance, already accused of running a Ponzi scheme, may be soliciting investments in an allegedly sketchy new business.
A well-known Chicago businessman who goes by Mr. Finance is being sued by more than two dozen people who say he is running a Ponzi scheme.
A well-known Chicago businessman who goes by Mr. Finance is being sued by more than two dozen people who say he is running a Ponzi scheme.
An Illinois investment advisor has been indicted by a grand jury on charges that he swindled his clients in a Ponzi scheme.
A suburban money manager died mysteriously, leaving behind a trail of questions – since he was recently charged with fraud.
A nephew by marriage offered to help invest his aunt and uncle's retirement money. Instead, police said he invested in his own Ponzi scheme.
Robert Walberg had control of more than $5 million, and on Thursday night, the father and investor stood accused of helping himself to about $2 million of it.
The toll of a Ponzi scheme left a father dead and grieving daughter fighting for justice.
They thought it was a good bet, but instead their life savings were wiped out and families ruined. CBS 2 Investigator Pam Zekman reports.
What is a Ponzi Scheme?
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.
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.
Federal prosecutors are accusing a Carol Stream man of scamming more than $4 million from clients to use in risky investments.
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 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.
Federal authorities have charged two suburban businessmen with defrauding investors out more than $16 million in a Ponzi scheme.
A Geneva salesman has been charged with defrauding investors in four Las Vegas companies out of more than $5 million in a 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.
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.
Thousands of dollars of new and unused school supplies – including books, beakers, and maps – were thrown in the trash outside an elementary school in Avondale ahead of the new school year.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
The Chicago Cubs are poised to acquire pitcher Clay Holmes and outfielder Tyrone Taylor from the New York Mets for touted infield prospect Jefferson Rojas.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
An Illinois State Police trooper has been charged with sexually assaulting a bartender after drugging her and taking her to a hotel last year in southwest suburban Tinley Park.
Mayor Brandon Johnson has yet to announce if he's running for re-election, but certainly sounded like he was giving a campaign speech at a brief press conference on Monday.
Chicago Ald. Byron Sigcho-Lopez (25th) filed a lawsuit last week, taking the Illinois State Board of Elections to task for what he said are unnecessarily high hurdles for third-party candidates to get on the ballot.
Chicago's Mamdani moment might come in the form of a more socialist City Council. The Chicago DSA is working to oust aldermen and advance taxing the rich.
The order came after Republican Senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
A new court ruling will keep Illinois from having to turn over its full list of voter information to the federal government.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Stella's Diner in Chicago's East Lakeview community has gone out of business.
A Wisconsin appeals court reversed a lower court ruling that had declared Act 10 unconstitutional, keeping the 2011 law limiting public workers' collective bargaining rights in place as unions prepare to appeal to the state Supreme Court.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Thousands of dollars of new and unused school supplies – including books, beakers, and maps – were thrown in the trash outside an elementary school in Avondale ahead of the new school year.
It’s been a wild couple weeks on the political front. Illinois House Speaker Emanuel “Chris” Welch is under fire for his handling of sexual harassment allegations against former Rep. Harry Benton, the race for Chicago mayor is heating up, and the future of the Chicago Bears’ stadium plans remains in limbo.
Weather Alerts are posted Wednesday and Thursday for the potential of another round of flooding rain, explains CBS Chicago meteorologist Albert Ramon.
The city of Chicago says C3 Presents is on the hook for Grant Park cleanup costs, which have historically ranged from $260,000 to more than $1 million — and this year's muddy conditions could push that figure higher.
The Metropolitan Water Reclamation District says treated water from its Calumet plant could supply data centers now drawing from the same drinking water supply as Chicago residents.
Relief is on the way for families of kids going back to school, with a sales tax holiday.
Three Chicago police officers, as well as a man and a child, were injured overnight in a crash in the Washington Park neighborhood.
Lollapalooza 2027 came to an end in Chicago's Grant Park Sunday night, as crowds emptied out and headed home.
Thousands of dollars of new and unused school supplies – including books, beakers, and maps – were thrown in the trash outside an elementary school in Avondale ahead of the new school year.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
A clean energy initiative on the South Side of Chicago is increasing access to solar energy and electric vehicle charging stations, and community members say it's making a difference.
A glitch in the Illinois Tollway system earlier this month left about 100,000 drivers with unexpected warnings about unpaid tolls, some dating back about a year.
Chicago's Office of Emergency Management, which oversees roughly 200 traffic aides, says two were seriously injured by drivers this summer — leaving many uneasy on the job as Lollapalooza brings heavy traffic downtown.
Shavonne Worthy said she visited her mother's grave at Oakridge-Glen Oaks Cemetery in Hillside and found an empty hole where the headstone had stood for nearly 10 years — and the cemetery's new owner told her it was removed intentionally.
The Chicago Cubs are poised to acquire pitcher Clay Holmes and outfielder Tyrone Taylor from the New York Mets for touted infield prospect Jefferson Rojas.
Bears safety Coby Bryant will miss the next 8-10 weeks due to a hyperextended knee, bone bruise and small fracture suffered in Monday's training camp practice, ESPN reports.
The schools announced Monday they have agreed to a four-game home-and-home series.
Ahead of the MLB trade deadline on Monday, the Chicago White Sox have reportedly added right-handed reliever Huascar Brazobán in a trade with the New York Mets.
Buffalo Grove, Illinois, native Till Bartkovjaks, 12, is a master of judo — and he's currently getting ready to represent Team USA for the second time, in Mexico in November.
An Illinois State Police trooper has been charged with sexually assaulting a bartender after drugging her and taking her to a hotel last year in southwest suburban Tinley Park.
Thieves stole an ATM from a gas station in Chicago's Roseland community early Monday.
Two young men and a teenage boy were shot and wounded early Monday in Chicago's Park Manor community.
A man was stabbed late Sunday night in a fight with a woman on Chicago's West Side, police said.
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
