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.
The baby girl was found unresponsive with visible injuries to her lower body, Chicago police said.
Trains are standing near 95th due to the issue.
CPD said an unknown man approached each victim from behind, wrapped his arms around them and then grabbed their private areas over their clothes.
The Cubs won their second straight as the Pirates dropped a second straight after winning nine of 11.
Erik Pedersen, 10, and his family got exclusive on-field access and spent time in the dugout during batting practice before Saturday's game.
A federal judge has granted a stipulated temporary restraining order exempting the Chicago Archdiocese and its health care providers from participating in Illinois' new medical aid in dying law or being penalized for their refusal.
Five months until the 2027 mayoral election in Chicago, Illinois Secretary of State Alexi Giannoulias is leading in early polling, and has a commanding lead in fundraising.
CBS News Texas political reporter Jack Fink spoke with President Trump for an exclusive interview during the president's visit to North Texas.
Matt O'Shea, who has been the alderman of Chicago's 19th Ward for the last 16 years, is the latest to announce he is giving up his Chicago City Council seat after this term.
The Supreme Court said Missouri must use a 2022 congressional map — not a new congressional map that favors Republicans — in the 2026 midterm elections.
Nicor customers will get a break on their bills this fall after Illinois Attorney General Kwame Roul reached an agreement with the utility to cut $140 million from its requested rate hike.
Drivers in Chicago and beyond were paying the highest gas prices ever recorded for the Labor Day holiday as millions of Americans were making their way home on Monday.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
Illinois Attorney General Kwame Raoul filed a lawsuit Thursday against ABC Plumbing, Heating, Cooling & Electric Inc., alleging deceptive business practices.
Cook County homeowners are again facing a sharper increase in property taxes this year than businesses, the Office of Cook County Treasurer Maria Pappas announced Monday.
Cardinal Blase Cupich and a group of Catholic nuns have joined a federal lawsuit challenging Illinois' Medical Aid in Dying law, which is set to take effect in just over a week.
Flies have been everywhere this summer in the Chicago area, and some of them bite. But why is this happening?
Prime Healthcare is drawing criticism after announcing it will stop obstetrics services at three Chicago-area hospitals.
The Chicago Department of Public Health on Tuesday announced two human cases and one death from the West Nile virus in the city this year, and one of those two people has died.
The Jackson Chance Foundation supports the lives of families with babies in the NICU by removing the financial burden of finding parking near hospitals.
Plans for a new Chicago White Sox stadium in the South Loop have residents near the existing ballpark in Bridgeport concerned, not just because the team might be leaving, but also what might be coming nearby.
A new report from the University of Illinois Chicago said federal immigration enforcement led to $1.26 billion in unspent money at retail establishments and restaurants in Cook County.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
A new Whole Foods Market is coming to Chicago's Old Town neighborhood.
More than 100 Black-owned businesses were showcased at Soldier Field Sunday for Black on the Block.
The stage was set and the air was humid as rapper Ye, formerly known as Kanye West, took the stage for the first of two Chicago concerts at Soldier Field Thursday night.
James Fulton Engstrom, now a healthy teenager, was born without a pulse in 2010 — and his survival is the miracle the Catholic Church credited to Fulton Sheen's intercession, clearing the way for beatification.
The Met's decision to highlight the work by designer John Galliano sparked widespread controversy due to his history of antisemitic and racist comments.
The Edgewater Music Festival was under way this weekend on Chicago's north lakefront.
People around the world, including Chicago, continued to gather Wednesday to pay tribute to the late Dolly Parton.
The CEO says time should be given to allow safety features to catch up and without it, warns AI could be capable of leading a swarm that could take over the entire internet within six to 12 months.
Meteorologist Mary Kay Kleist has the latest in First Alert Weather.
This year's lineup featured a star headliner in Grammy-nominated R&B singer and Harvey native Syleena Johnson.
It’s taking place on the grounds of the Old Holy Resurrection Serbian Orthodox Church in Palmer Square. Father Dragan Arsic says the event has been an important part of the community for nearly a decade.
Girls got to meet pilots, flight attendants, technicians and other workers to learn about airport operations.
The 15-year-old girl is facing murder charges after CPD said she pushed a man from a moving CTA Red Line train on Labor Day.
Chicago police say that Marine Officers found the woman in the water, who was unresponsive, and pulled her from the water.
The baby girl was found unresponsive with visible injuries to her lower body, Chicago police said.
There are a ton of major events happening in downtown Chicago this weekend, so officials are warning the city may need to shut down the Loop.
Trains are standing near 95th due to the issue.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Several lawsuits are challenging Illinois' medical aid in dying law that is set to take effect on Sept. 12, including one in federal court arguing the law discriminates against people with disabilities.
Back in 2023, ISP got a $10 million grant from the Illinois Secretary of State's Illinois Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Council.
Two years before dozens of decomposing bodies were found inside the South Chicago Chapel funeral home, police in nearby Evergreen Park found two bodies in the owners' minivan outside their home.
The Cubs won their second straight as the Pirates dropped a second straight after winning nine of 11.
Erik Pedersen, 10, and his family got exclusive on-field access and spent time in the dugout during batting practice before Saturday's game.
Rookies Joshua Báez and Leo Bernal each three hits and drove in two runs, and the St. Louis Cardinals beat the Chicago White Sox 7-3.
Alex Bregman hit his 25th homer and doubled among three hits, Shota Imanaga tossed six effective innings and the Chicago Cubs pounded the Pittsburgh Pirates 12-2 on Friday to end a four-game slide.
Chicago Bears running back D'Andre Swift has agreed to a $33.75 million, three-year extension.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Police are searching for a group wanted for damaging multiple cars in Chicago's Kenwood neighborhood early Thursday morning.
Thieves stole three golf carts from the Billy Caldwell Golf Course on Chicago's Northwest Side early Thursday.
Dorian Smith spent much of his time at the Grant Park skate park, where skaters knew him as Avery. His father said the family is distraught. No one is in custody.
