Chicagoland Area Man Gets 4-Year Prison Term for Investment Fraud Costing Wisconsin & Illinois Investors over $1.6 Million

Chicagoland area man gets 4-year prison term for investment fraud costing Wisconsin & Illinois investors over $1.6 million

(WFRV) - A man from the Chicagoland area was sentenced to 48 months in prison after being convicted of an investment fraud scheme that caused over 100 Illinois and Wisconsin investors to lose more than $1.6 million. Richard Frohling, the Acting U.S. Attorney for the Eastern District of Wisconsin, announced Wednesday that 55-year-old Ronald Pallek of McHenry, Illinois, had engaged in the scheme for several years. Missing Wisconsin grad stude…

Former Bay Area financial advisor charged in Ponzi scheme

A former Bay Area financial adviser was charged in connection with an alleged $9.5 million Ponzi scheme, the U.S. Department of Justice said Monday. A federal grand jury indicted 77-year-old Edwin Emmett Lickiss Jr. on one count of wire fraud and one count of money laundering for allegedly defrauding at least 50 victim investors. Related Articles SF: 2 men plead guilty to laundering millions from online phishing scams …

Financial Advisor Indicted in $9.5M Ponzi Scheme Spanning Decades

A Northern California financial advisor faces prison for allegedly defrauding investors of $9.5 million through a long-running Ponzi scheme involving fake bonds.

Financial advisor accused of defrauding $9.5M from investors after license revoked

A Contra Costa County man was indicted for an alleged investment fraud scheme that netted nearly $10 million from investors, according to the U.S. Department of Justice. The post Financial advisor accused of defrauding $9.5M from investors after license revoked appeared first on Danville San Ramon.

Contra Costa County Financial Advisor Edwin Lickiss Accused Of Defrauding $9.5M From Investors

A Contra Costa County man was indicted for an alleged investment fraud scheme that netted nearly $10 million from investors, according to the U.S. Department of Justice. Edwin Lickiss, Jr., 77, is accused of wire fraud and money laundering in connection with a $9.5 million investment scheme, federal prosecutors said Monday. Between 1998 and 2024, Lickiss worked as a financial advisor in Danville and Alamo and owned and operated Foundation Financ…

Former East Bay Financial Advisor Indicted for Alleged $9.5 Million Investment Fraud Scheme

Former financial advisor indicted for $9.5 million fraud scheme, involving the sale of fake bonds and fraudulent activities.