State Crime Reports

Kane County Man and Co-Defendant Sentenced to Federal Prison Terms for $6.6 Million Financing Fraud Scheme

CHICAGO–(ENEWSPF)–February 27, 2014.  Two defendants who engaged in a fraudulent financing scheme involving the offer and sale of investments in four Las Vegas companies were sentenced to 3½ and four years in federal prison, respectively, for defrauding approximately 125 investors of about $6.6 million, including some victims who lost some or all of their retirement or college savings funds.

Proud member of LION Publishers

RODERICK RIEMAN, 69, of St. Charles, who owned and operated Innovative Financial Services, Inc., a former…

Most read stories this week

Take a Survey

ARCHIVES