Federal and International

FBI: Former Commodities Trader Charged with Causing $5 Million Loss to Bank and Others in Alleged $10 Million Fraud Scheme

Chicago, IL-(ENEWSPF)- A former Chicago commodities trader was charged today with allegedly fraudulently raising more than $10 million and misappropriating a substantial portion of the money for his personal commodities futures trading to make Ponzi-type payments to investors and to benefit himself and his family, resulting in a loss of at least $5 million. The defendant, Bradley Schiller, allegedly used some of the funds to pay for personal and family expenses, including a Range Rover, jewelry, condominium fees, housing rental fees for his mother-in-law, and country club fees.

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