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.
