Suburban Investment Advisor Indicted for Allegedly Defrauding At Least 10 Investors of $2.9 Million

CHICAGO–(ENEWSPF)–April 25, 2014.  A west suburban investment advisor was indicted on federal charges alleging that he fraudulently obtained approximately $2.9 million from at least 10 investors and misused the funds in a Ponzi-type scheme. The defendant, JOSEPH HENNESSY, co-owned and co-operated the now-defunct Resource Planning Group, Inc., formerly a registered investment advisor with the U.S. Securities and Exchange Commission.

Hennessy, 53, of Western Springs, was charged with seven counts of wire fraud in an indictment…