Four former bank employees accused of trying to illegally manipulate precious metals futures contracts say the criminal charges against them should be dismissed. The men filed their motion in Chicago’s U.S. District Court for the Northern District of Illinois.
Back in 1998, a group of 46 states – including Illinois – reached the largest settlement in history with tobacco companies. The $206 billion settlement included $9.3 billion for Illinois to compensate the state for tobacco-related health-care costs.
If you drive about an hour southwest of Chicago, you will arrive in the Village of Minooka. A businessman there is facing a federal wire fraud charge. Prosecutors accuse the 49-year-old owner of The Income Store of operating a Ponzi scheme.
The numbers for City Colleges of Chicago are impressive: seven community colleges, six satellite campuses, 4,000 instructors and more than 80,000 students across the metro. Another figure has been making headlines for the system, however: a former vice-chancellor and seven others are facing federal fraud charges in what officials call a $350,000 kickback scheme.
There are several ways in which federal criminal investigations can come to an end. Many times the investigations end without any charges being filed, while others end with an indictment. However, the recent resolution of a federal criminal fraud investigation in Illinois illustrates another possibility.
The political landscapes in Chicago and in the Illinois General Assembly have undergone rapid changes in the past few days. State Rep. Luis Arroyo, from Chicago’s West Side, was arrested and charged with bribery by federal prosecutors on Monday of last week. Two days later, Arroyo resigned.
The Federal Bureau of Investigation recently charged two men with felonies in an alleged straw purchase scheme to bring handguns to Chicago to sell. They are both charged with conspiracy to deal firearms without a license and unlawfully dealing and importing firearms, the U.S. Attorney for the Northern District of Illinois said in a statement.
The U.S. Attorney for the Northern District of Illinois is accusing the executive director of a southwest suburban autism center of engaging in fraud. Latrice Harrell runs the Champion Center for Autism and has been charged with filing fraudulent claims to Blue Cross Blue Shield of Illinois for therapeutic services that did not take place.
Though Illinois State Sen. Thomas E. Cullerton lives in suburban Villa Park, he was recently indicted by a federal jury in Chicago. The 49-year-old faces multiple charges of public corruption, including 39 counts of embezzlement from a labor union. He is also charged with conspiracy to embezzle from a labor union and employee benefit plans.
Backed by dance-music rhythms, the raucous parties on a Chicago real estate agent’s 58-foot powerboat called Flying Lady stood out from the other floating festivities off of the downtown shore. In a recent article, the Tribune speculates that the parties might be over, however, after 44-year-old David Izsak’s arrest for bank fraud and aggravated identity theft.