Chicago, IL–(ENEWSPF)– A northwest suburban man was charged with allegedly engaging in an investment fraud scheme, swindling more than $5 million from approximately 150 victims who invested in funds he purported to operate, the FBI said in a press release. The defendant, Scott M. Ross, was charged with three counts of mail fraud in a criminal information filed yesterday, 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, announced today. Ross allegedly misused money he raised from investors for his own benefit, including salary and a stadium sky box, and to make Ponzi-type payments to certain customers who complained.
