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 in Gary, Indiana, remain without power nearly two weeks after severe storms left damage and flooding.
Grayson, 32, was found guilty last October of second-degree murder for the shooting of Sonya Massey and was serving a 20-year sentence.
It was Peters' third walk-off hit of the season.
An expert blames Illinois lawmakers and "internecine political problems" for the failure to seal a deal for a new stadium within the state for the Chicago Bears.
Indiana Gov. Mike Braun announced Sunday that he has deployed the Indiana National Guard to clear the way for NIPSCO crews, with power outages dragging on in Northwest Indiana.
An expert blames Illinois lawmakers and "internecine political problems" for the failure to seal a deal for a new stadium within the state for the Chicago Bears.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
Federal prosecutors on Thursday told a judge they aren't yet ready to say whether they'll retry the lead defendants in the "ComEd Four" case who were convicted in 2023 of bribing former Illinois House Speaker Michael Madigan.
The Democratic National Committee is on the hunt for the best host city for the 2028 Democratic convention.
Contracted linemen from out of state sat idle in a Griffith church parking lot for hours without work orders from NIPSCO, as residents in Northwest Indiana approach two weeks without power.
A law firm has filed a class action lawsuit against NIPSCO, alleging the utility's failure to manage trees and vegetation has left thousands of Northwest Indiana residents without power for up to two weeks.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
A new Illinois law signed by Gov. Pritzker offers up to $1,000 to eligible homeowners hit by storm damage, but the money won't be available until next year — and the program only covers certain areas of Chicago.
Illinois is one of 46 states that have reached a $15.5 million settlement with a Pennsylvania-based mortgage servicer for improperly imposing new insurance policies on homeowners who already had insurance.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Researchers from the University of Chicago have uncovered some information on how space travel affects — or actually doesn't affect — the heart.
As people age, it becomes crucial to do whatever possible to protect from issues like memory loss. But leading neurologist Dr. David Perlmutter said the process actually starts well before advanced age.
The Illinois Department of Public Health is not adopting new federal child vaccine guidelines and will continue following recommendations by the American Academy of Pediatrics.
An expert blames Illinois lawmakers and "internecine political problems" for the failure to seal a deal for a new stadium within the state for the Chicago Bears.
Real estate investment and development firm Concord Capital has acquired nine apartment buildings on Elaine Place, a single-block residential street in Chicago's East Lakeview community.
The Chicago Plan Commission voted Thursday to approve a plan to redevelop Ford City Mall into an industrial complex, despite objections from some neighbors.
A new Barnes & Noble bookstore opened in the heart of downtown Chicago on Wednesday, while separately, a building that used to house an old Barnes & Noble store in the Gold Coast was being demolished.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Buddy Guy was honored with the Chicago Music Legend Award at the Obama Presidential Center's Chicago Culture Ball this weekend.
Bal Khabra is the author of the four-part series "Off the Ice," a college hockey romance collection that is wrapping up at just the right time.
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.
Meteorologist Kylee Miller is tracking the latest, including the next chance for rain, in First Alert Weather.
More than 20,000 people in Northwest Indiana have been without power for nearly two weeks.
Grayson had been battling Stage 4 colon cancer, for which he was undergoing treatment. It is unclear if that was the cause of death.
Chicago police this weekend issued a warning about a string of armed robberies in the city’s Bronzeville community.
Suzanne Le Mignot and her family recently spent the evening watching the fireworks over Navy Pier, and Mary Kay Kleist is giving a shout-out to the artist restoring downtown Naperville.
Grayson, 32, was found guilty last October of second-degree murder for the shooting of Sonya Massey and was serving a 20-year sentence.
Indiana Gov. Mike Braun announced Sunday that he has deployed the Indiana National Guard to clear the way for NIPSCO crews, with power outages dragging on in Northwest Indiana.
Illinois State Police and the FBI announced this weekend that they may have a new lead, though not a suspect, in the 1992 murder of college student Tammy Zywicki.
Two people are dead and one is injured after a shooting inside a store at a strip mall in Hebron on Saturday night.
A woman died after being pulled from Lake Michigan offshore from the Bronzeville area of Chicago Sunday morning.
She was counting down the days to the first day of 5th grade until her school district told her she didn't have a spot there. Now, a federal judge has ordered the district to put the 10-year-old girl with autism back in her neighborhood school.
Who you gonna call if someone locks you out of your own charity? That's the question members of a Ghostbusters-themed nonprofit say they're asking.
Residents of Ogleby Towers on Wednesday morning spoke out about the system that constantly changes their rent, which they say makes it hard to budget.
CEO of the Illinois Quantum and Microelectronics Park, Harley Johnson, gave CBS News Chicago an exclusive look inside the new park in South Chicago.
The Illinois Department of Financial and Professional Regulation last inspected South Chicago Chapel funeral home in October, 10 months before 56 decomposing bodies were found there.
It was Peters' third walk-off hit of the season.
An expert blames Illinois lawmakers and "internecine political problems" for the failure to seal a deal for a new stadium within the state for the Chicago Bears.
Parts of DuSable Lake Shore Drive and Lower Wacker Drive in Chicago were closed Sunday morning because of the Supertri Chicago — the race formerly known as the Chicago Triathlon.
The New York Mets beat the AL Central-leading Chicago White Sox on Saturday night.
Chicago quarterback Caleb Williams and the rest of the Bears' starters made their preseason debuts in cameo fashion, playing just the opening series.
At least four people were killed, and 13 more were injured, in weekend shootings across Chicago as of Sunday, according to police.
Chicago police this weekend issued a warning about a string of armed robberies in the city's Bronzeville community.
Illinois State Police and the FBI announced this weekend that they may have a new lead, though not a suspect, in the 1992 murder of college student Tammy Zywicki.
Chicago police were investigating early Sunday after a man was slashed to death the night before in Washington Park.
A man was shot and killed Saturday night while sitting in a sport-utility vehicle in Chicago's Englewood neighborhood.
