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An Illinois federal judge signaled Thursday that he's struggling to find that prosecutors have proved the CEO and other high-ranking employees of an alternative energy engine maker fraudulently inflated company revenues by letting its books reflect revenues it hadn't yet collected.
Sun-Times file A colorful Chicago businessman on parole in a $10 million fraud case failed to report to prison late last month for parole violations and is now a federal fugitive, court records show. Lee Anglin, 50, was freed in 2018 after serving about a dozen years in prison for running a real estate scam in the mid-2000s. His early investors got paid with money put in by later investors who were left with nothing, prosecutors said. The feds said Anglin bilked more than $10 million from his investors but he put their losses at about half that amount. Related Anglin, in a wide-ranging in...
Ill. Dental Practice Loses Second COVID Coverage Bid By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our Health newsletter You must correct or enter the following before you can sign up: Email (NOTE: Free email domains not supported) Primary area of interest Thank You! Law360 (June...
After doing 12 years for stealing $10 million in a Ponzi scheme, he said he was a changed man. But a judge is sending him back to prison over his latest ventures.
The chief executive for an Illinois-based alternative energy engine maker and two other employees unlawfully inflated revenues through a scheme that caused company books to reflect money it hadn't yet collected, federal prosecutors asserted in a bench trial that began Monday.