Local Police Reports

Former Investment Adviser Pleads Guilty in $16 Million Mail Fraud, Money Laundering Scheme

PEORIA, IL—(ENEWSPF)- A former Urbana, Ill., investment adviser, Timothy J. Roth, 56, currently of Stonington, Ill., appeared this morning in federal court in Peoria, where he waived indictment and pled guilty to an information charging him with engaging in a fraud scheme that resulted in victim losses of approximately $16 million. During today’s hearing, before Senior U.S. District Judge Michael M. Mihm, Roth entered guilty pleas to one count each of mail fraud and money…

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