Local Police Reports

West Suburban Man Sentenced to 10 Years in Federal Prison for Swindling 75 Victims in $28 Million Ponzi Scheme

Chicago, IL–(ENEWSPF)– Saying a fraud defendant’s conduct was “despicable” and “outrageous” and caused “tragic” consequences for his victims, a federal judge sentenced a west suburban man to 10 years in prison for swindling some 75 victims, many of whom lost their retirement funds and life savings. U.S. District Judge John Darrah nearly doubled advisory federal sentencing guidelines in imposing the 10-year prison term for Matthew Scott, who lured his victims, including many close friends, to…

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