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.
A man is in custody after a fight led to a deadly stabbing in Norwood Park on Monday night.
The battle over the Chicago Bears' next home is taking center stage on Tuesday.
Touted prospect Colt Emerson launched a three-run homer for his first major league hit, and the Seattle Mariners stopped a three-game slide with a 6-1 victory over the Chicago White Sox.
A Chicago high school senior getting ready to graduate and on the verge of playing college soccer next year is now sitting in an ICE detention center in Kentucky, where his mom is also being held at a separate facility.
A weekend graduation turned into chaos in the south suburbs, as Thornwood High School's commencement was disrupted when guests started fighting and police had to step in.
An attorney for Chicago Ald. Jim Gardiner (45th) on Monday called an ethics investigation into the alderman's conduct a malicious "travesty."
In a move aimed at curbing the growing problem of "teen takeovers," D.C. U.S. Attorney Jeanine Pirro is threatening to bring charges against parents if their teens violate the local curfew.
State Rep. Josh Turek and State Sen. Zach Wahls squared off Thursday over which candidate can flip Iowa's open Republican-held Senate seat, as millions in outside spending reshapes the primary's final stretch.
Sens. Tammy Duckworth of Illinois and Tammy Baldwin of Wisconsin say their concern is there may be more emergency exit doors than flight attendants in the event of an evacuation.
Ald. Jim Gardiner (45th) is suing the city of Chicago, its inspector general's office, and the Board of Ethics, accusing them of defamation.
Consumer and environmental advocates said Monday that they found overcharges buried in the most recent rate-hike request by Nicor.
One week away from Memorial Day weekend and the unofficial start of the summer travel season, with gas prices remaining high, negotiations were set to resume Monday at the largest oil refinery in the Midwest.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
A person suspected of having hantavirus in Winnebago County, Illinois, turned out to be a false alarm, officials said Monday.
The DuPage County Health Department has confirmed its first positive tests for West Nile virus in pools of mosquitoes this year.
The Kane County Health Department was set Monday to offer a free mental health awareness webinar.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Engineers at Northwestern University have created a wireless polygraph to detect stress.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
The Chicago Fire FC announced Wednesday morning that its new stadium in the South Loop will be named McDonald's Park.
U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million.
The Chicago-born house music track, which began as a personal poem in 1982 and became a defining anthem of the city's house music scene, has been selected for permanent preservation by the Library of Congress.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
The deadly shooting at the Islamic Center of San Diego is being investigated as a hate crime, police said.
The battle over the Chicago Bears next home is taking center stage on Tuesday.
Meteorologist Laura Bannon has the extended forecast.
Meteorologist David Yeomans has the latest First Alert Weather forecast.
A judge Monday delayed a decision on issuing a temporary restraining order against the Markham Park District for an incident involving a helicopter landing for prom earlier this month.
The battle over the Chicago Bears' next home is taking center stage on Tuesday.
A Chicago high school senior getting ready to graduate and on the verge of playing college soccer next year is now sitting in an ICE detention center in Kentucky, where his mom is also being held at a separate facility.
Gov. JB Pritzker lobbed some strong words about the Chicago Bears straight at Chicago Mayor Brandon Johnson Monday morning.
A man is in custody after a fight led to a deadly stabbing in Norwood Park on Monday night.
A weekend graduation turned into chaos in the south suburbs, as Thornwood High School's commencement was disrupted when guests started fighting and police had to step in.
Pothole complaints continue everywhere, but especially on one street in the Pullman neighborhood on the South Side of Chicago.
People in Lincoln Park and Lakeview have rallied against a plan to build a new industrial ComEd electrical substation in their neighborhoods, pushing local and state leaders to get involved.
Monday marks one year since Illinois enacted Karina's Law — legislation aimed at taking firearms out of the hands of people accused of domestic abuse.
Tenants at a South Shore apartment building said they've noticed their rent fluctuating by hundreds of dollars a month due to a change in how their utility billing system is set up.
A man from the Chicago suburbs lost $69,000 of his savings to a scam by a thief using an AI-generated U.S. Marshals badge to intimidate him.
The battle over the Chicago Bears' next home is taking center stage on Tuesday.
Touted prospect Colt Emerson launched a three-run homer for his first major league hit, and the Seattle Mariners stopped a three-game slide with a 6-1 victory over the Chicago White Sox.
Jake Bauers homered and drove in four runs, and the Milwaukee Brewers beat the Chicago Cubs 9-3 in the first meeting this season between the longtime NL Central rivals.
Cubs center fielder Pete Crow-Armstrong says he regrets the words he used during a heated exchange with a fan.
Rookie Gabriela Jaquez set career highs with 20 points and eight rebounds, Kamilla Cardoso had 11 points and 12 rebounds, and the Chicago Sky beat the Minnesota Lynx 86-79.
A truck driver was sentenced to over 13 years in prison for smuggling $9.4 million worth of cocaine in a shipment of Skims, Kim Kardashian's shapewear brand.
Police in Michigan City, Indiana, were searching Monday for the person they said shot and killed a 14-year-old boy.
Burglars hit a string of businesses in Chicago's South Loop early Monday morning.
Burglars broke into a CBD and kratom dispensary on Chicago's Near West Side early Monday morning.
The Cook County State's Attorney's Office will announced a new taskforce Monday bringing federal officers on board to help with crime on CTA.
