State Crime Reports Founder of West Suburban Investment Firm Indicted for Embezzling Client Funds in $3.9 Million Fraud Scheme by Press Release on September 18, 2015 Press Release Author More in State Crime Reports: Most Fireworks Are Illegal; Violators Face Stiff Fines. July 4, 2024 37 Workers at Ludeman Developmental Targeted in PPP Fraud Probe August 13, 2023 Cook County State’s Attorney Implements New Platform to Process Evidence May 10, 2023 CHICAGO —(ENEWSPF)–September 18, 2015. The founding member of a Geneva investment firm used client funds to trade his own stocks and to purchase a yacht and luxury vehicle for himself, according to a federal indictment announced today.