Ponzi scheme accused being sought on new complaints

Ponzi scheme accused being sought on new complaints

The man who had faced dozens of charges related to a Ponzi scheme had had many of those dismissed before magistrate’s courts and he is now wanted over a flood of new complaints that he had taken money from other people and failed to deliver on promises. The article Ponzi scheme accused being sought on new complaints appeared first on Stabroek News.

Judge delays sentencing again for Crystal Lake man convicted in $8 million Ponzi scheme amid medical issues

Alan J. Hanke, 60, of Crystal Lake. A Crystal Lake man who was set to be federally sentenced last week in a $8 million Ponzi scheme had his sentencing delayed again as he also faces charges for allegedly stealing from a veterans group in McHenry. Alan J. Hanke, 60, of Crystal Lake, pleaded guilty in June to conspiracy to commit securities fraud for his role in misappropriating more than $8 million as part of a Ponzi scheme, according to the U.S.…