State Crime Reports

Naperville Businessman Sentenced To Seven Years In Federal Prison For Defrauding Investors Of More Than $3 Million

CHICAGO —(ENEWSPF)–August 13, 2015.  A Naperville businessman who fraudulently coaxed his clients into investing millions of dollars in bogus Turkish bonds was sentenced Thursday to seven years in federal prison.

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JOHN T. BURNS III persuaded a dozen clients of USA Retirement Management Services to invest more than $3.3 million in Turkish bonds on the promise of lucrative returns.  Burns fraudulently told his clients, many of whom were retirees, that he had substantial experience investing money…

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