Accused Ponzi Scheme Operator Robert Walberg Dies Mysteriously; Investors Want To Know Where Money Went
A suburban money manager died mysteriously, leaving behind a trail of questions – since he was recently charged with fraud.
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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.
Hundreds of Chicago Public School students performed for the first time on the well known stage of the Lyric Opera, a special moment in the musical spotlight.
While their overall expectations might be much different, both the Cubs and White Sox are looking to make noticeable improvements in 2026 as they ramp up spring training in Arizona.
A cancer patient says his car has disappeared after he was involved in a crash on the way to a doctor's appointment and a random tow truck driver showed up and took his car to a body shop.
Employees of two schools in Evanston are accused of sex crimes against their own children.
People living in Chicago's Lakeview East neighborhood have been at the center of a delivery pilot program, and most of them aren't happy with the robots or in favor of expanding their footprint.
Married since 1998, Iowa couple Spencer and Sinikka Waugh now have his-and-hers campaign yard signs, as he pursues a state House seat and she runs for state Senate.
Friday is the deadline for Congress to strike a deal to keep the U.S. Department of Homeland Security funded, and .S. Rep. Mike Quigley (D-Illinois) is calling for ICE to be "dismantled."
Inexperienced prosecutors are testing FACE Act in their case against Don Lemon. But the law has constitutional problems that make it untenable to charge misconduct in a house of worship.
The Senate failed to advance a measure to fund the Department of Homeland Security on Thursday, paving the way for another partial government shutdown without a last-minute breakthrough.
Early voting for the 2026 primary began Thursday morning for anyone who lives within the Chicago city limits.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
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.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
A Near West Side diner known for drawing in Blackhawks fans and players is up for sale.
January may be the coldest time of the year, but Chicago is already looking forward to summer farmers' markets.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
Hundreds of Chicago Public School students performed for the first time on the well known stage of the Lyric Opera, a special moment in the musical spotlight.
The latest seven day forecast from our First Alert Weather team.
A cancer patient says his car has disappeared after he was involved in a crash on the way to a doctor's appointment and a random tow truck driver showed up and took his car to a body shop.
A man pleaded guilty Thursday to the murders of two brothers — both of them U.S. Marines — in Cicero, Illinois, more than three decades ago.
Employees of two schools in Evanston, Illinois, are accused of sex crimes against their own children.
A cancer patient says his car has disappeared after a crash when a random tow truck driver showed up and took it to a body shop.
Chicago police were investigating a string of four carjackings within an hour on Wednesday, two of which turned deadly.
People living in Chicago's Lakeview East neighborhood have been at the center of a delivery pilot program, and most of them aren't happy with the robots or in favor of expanding their footprint.
Hundreds of Chicago Public School students performed for the first time on the well known stage of the Lyric Opera, a special moment in the musical spotlight.
Employees of two schools in Evanston are accused of sex crimes against their own children.
CBS News Chicago is tracking what led to the death of an 8-year-old boy in Round Lake Beach and whether state officials were aware of any red flags before his murder.
This is due in part to the new "Big Beautiful Bill" and job cuts at the Internal Revenue Service.
Fewer Chicago kids are getting the dental care they need, and some dentists are blaming Chicago Public Schools.
Cynthia Eason recounted the moment Chicago police officers raided her family's home in 2018.
Water bills could be going up in several Chicago suburbs and other parts of Illinois, as Illinois American Water seeks a rate increase to fund infrastructure improvements.
While their overall expectations might be much different, both the Cubs and White Sox are looking to make noticeable improvements in 2026 as they ramp up spring training in Arizona.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
After Iowa, Portage, and Gary joined the talks for the Bears' new stadium, leaders in Arlington Heights say this is now, more than ever, about keeping the team in Illinois.
Cade Horton, who won't have the innings restrictions like he did last year, when he still finished second in National League Rookie of the Year voting.
Payton Pritchard scored 26 points and the Boston Celtics rolled past the Chicago Bulls 124-105 on Wednesday night in the final game for both teams before the All-Star break.
A man pleaded guilty Thursday to the murders of two brothers — both of them U.S. Marines — in Cicero, Illinois, more than three decades ago.
A man was sentenced to two consecutive terms of life in prison Wednesday for the murders of two men in an attempted robbery Chicago's Chinatown six years ago.
A Chicago man has been charged with robbing and beating a CTA passenger on board a Red Line train last fall.
A man was shot and killed early Wednesday during a carjacking in Chicago's Northalsted district, and the car that was stolen might have been used in a deadly shooting a short time later in Bronzeville.
Police said the suspected shooter, an 18-year-old resident of the community where the school is located, was found dead from a self-inflicted gunshot wound.
