State Crime Reports

Suburban Man Sentenced To 25 Years In Federal Prison For Cheating 455 Investors Of $105 Million And Causing $34 Million Loss

CHICAGO ―(ENEWSPF)–January 29, 2015.  A northwest suburban man was sentenced today for engaging in a lengthy investment fraud scheme in which he and a co-defendant swindled approximately $105 million from 455 investors who invested in funds they purported to operate.  The defendant, DANIEL SPITZER, pleaded guilty to 10 counts of mail fraud last July on the day his trial was scheduled to begin in Federal Court.  Spitzer misused the money he raised from investors for…

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