Local Police Reports

Attorney General Madigan Announces Sentence in Multimillion Dollar Ponzi Scheme

Chicago–(ENEWSPF)–May 11, 2012.  Attorney General Lisa Madigan announced a former Cook County man pled guilty today to perpetrating a multimillion-dollar Ponzi scheme and was ordered to pay more than $10 million in restitution to victims across the country.

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Kevin Carney, 51, pled guilty earlier today before Judge George J. Bakalis in DuPage County Circuit Court to theft by deception over $500,000, and charges of mail fraud, wire fraud and securities fraud. He was sentenced to…

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