Chicago, IL–(ENEWSPF)– A west suburban man is facing federal fraud charges for allegedly luring at least 60 victims to invest approximately $28 million in a business that he falsely represented purchased used high-speed commercial printers that were re-sold for a substantial profit and using the money instead to make “Ponzi-type” payments to earlier investors. The defendant, Matthew Scott, was charged with mail fraud in a criminal information filed today, announced Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, and Robert D. Grant, Special Agent-in-Charge of the Chicago Office of the Federal Bureau of Investigation.
