North Suburban Man Indicted in Alleged Fraud Scheme Involving $4 Million

A north suburban man was indicted on federal charges for allegedly fraudulently obtaining approximately $4 million from more than 50 investors in now-defunct sleep disorder businesses that he operated in Northbrook. The defendant, Kenneth A. Dachman, was charged with 11 counts of wire fraud in an indictment returned by a federal grand jury yesterday, Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, and Robert D. Grant, Special Agent in Charge of the Chicago Office of the Federal Bureau of Investigation, announced today. Dachman allegedly misappropriated at least $2 million of co-mingled funds from investors and the companies to benefit himself and his family.

Posted in: New Account Fraud