UpdatedThu, Jan 7, 2021 at 12:39 pm CT
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The Park Forest man was indicted on federal fraud charges, according to the Northern District of Illinois U.S. Attorney s Office. (Shutterstock)
PARK FOREST, IL A Park Forest businessman was indicted on federal fraud charges after taking more than $420,000 in small business loans under the Coronavirus Aid, Relief and Economic Security Act (CARES), according to the Northern District of Illinois U.S. Attorney s Office. According to the indictment, Carlos Smith, 56, lied about the number of people he employed and his monthly payroll. He also made false statements to conceal a previous felony conviction, prosecutors said.
Greenwood Man Charged Federally in Alleged $14 Million Fraud Scheme
Allegedly spent stolen funds from a Kentucky investor on Ferraris, horses, Rolex watches, and escorts
“Statue of Justice – The Old Bailey” by Ronnie Macdonald is licensed under CC BY 2.0 CC BY 2.0
Indianapolis, IN-(ENEWSPF)- Acting United States Attorney John E. Childress announced Thursday that Daniel R. Fruits, 46, of Greenwood, Indiana, was charged by a federal grand jury for his alleged role in three separate fraud schemes, including a nearly $14 million fraud on an investor, an attempted mortgage fraud, and a vehicle title-washing scheme.
“This financial investor gave his hard-earned money to someone whom he thought he could trust,” said Childress. “Instead, the victim’s money ended up in the hands of a self-absorbed thief who only cared about his interests. Living a life of fraud is inexcusable and always comes to an end.”
Chicago, IL A former Illinois attorney withheld more than $137,000 in payroll taxes from his employees paychecks but failed to remit the money to the IRS, according to a criminal charge filed in federal court in Chicago. The charge was announced by Tamera Cantu, Acting Special Agent-in-Charge of the IRS Criminal Investigation Division in Chicago.
Adam Tracy, of Wheaton, is charged with one count of willful failure to pay taxes to the IRS. Arraignment is set for December 21, 2020, at 11 a.m., before U.S. District Judge Edmond E. Chang.
According to a criminal information filed Tuesday in U.S. District Court in Chicago, Tracy operated Securities Compliance Group Ltd., a Wheaton-based law and consulting practice that also did business as Clearing Link LLC, Wabash Capital Advisors Ltd., Guanwei Recycling Corporation, and The Tracy Firm. Ltd. From 2014 to 2018, Tracy s company withheld $137,403.76 in payroll taxes from employees paychecks but willfully failed to pay the mone
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