cheapbag214s
Lord Cienia
Dołączył: 27 Cze 2013
Posty: 18549
Przeczytał: 0 tematów
Ostrzeżeń: 0/5
Skąd: England
|
 Wysłany: Czw 9:42, 28 Lis 2013 Temat postu: the use of money he raised |
|
|
Authorities estimate Bradley Schiller's fraud losses at $5 million
CHICAGO, Aug. 28 () -- Prosecutors in Illinois said a former commodities trader from Chicago raised $10 million with a Ponzi-type scheme that resulted in the loss of $5 million.Prosecutors from the U.S. Attorney's Office for the Northern District of Illinois charged Bradley Schiller,[url=http://www.christianslouboutinsales.com]Christian Louboutin Sale[/url], 37, of using money he raised from banks and other investors for personal expenses, including country clubs, jewelry, a Land Rover and condominium fees.Schiller was charged with three counts of wire fraud.Authorities said Schiller raised more than $10 million between 2007 and 2012 from various sources, including the PrivateBank and Trust Co. Allegedly,[url=http://www.christianslouboutinsales.com]Christian Louboutin Pigalle[/url], however, he lied to investors about "the profitability of his futures trading, the use of money he raised, the risks involved in providing him with money, his financial condition and the status of the funds."Allegedly Schiller "misappropriated a substantial portion of the money raised and concealed the scheme by making Ponzi-type payments to victims and by creating and distributing fraudulent documents," prosecutors said.Schiller will be arraigned at a date not yet determined. The wire fraud counts each includes a maximum penalty of 30 years in prison and a $1 million fine, although an alternative fine can total twice what the defendant gained or victims lost from illegal activities, whichever is greater.
Post został pochwalony 0 razy
|
|
FAQ
Szukaj
Użytkownicy
Grupy
Galerie
Rejestracja
Zaloguj się, by sprawdzić wiadomości
Zaloguj
