Local Police Reports

Chicago Man Sentenced in Ponzi Scheme

Chicago–(ENEWSPF)–April 27, 2011. Attorney General Lisa Madigan announced her office successfully prosecuted a Chicago area man for operating a securities fraud “ponzi” scheme.

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Madigan said a DuPage County judge found Namon Brown, 48, guilty Tuesday on one count of theft of $100,000, one count of securities fraud and one count of mail fraud. Brown was sentenced to four years in the Illinois Department of Corrections for defrauding a DuPage County victim of $85,000 for investments…

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