Man Charged with Allegedly Swindling Financial Institutions in a Multi-Million Dollar Fraud
July 24, 2009
Total Loss:
$10 million
A Libertyville, Illinois real estate developer, who offered and sold limited partnership interests and short term, high interest, guaranteed promissory notes to the public, was indicted by a federal grand jury yesterday and charged with mail fraud, wire fraud and bank fraud in connection with a scheme to fraudulently obtain, retain and use more than $10,000,000 from investors and financial institutions.
Source:
Federal Bureau of Investigation
Posted in:
Internal Fraud