Accused Ponzi Scheme Operator Robert Walberg Dies Mysteriously; Investors Want To Know Where Money Went
A suburban money manager died mysteriously, leaving behind a trail of questions – since he was recently charged with fraud.
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A suburban money manager died mysteriously, leaving behind a trail of questions – since he was recently charged with fraud.
A nephew by marriage offered to help invest his aunt and uncle's retirement money. Instead, police said he invested in his own Ponzi scheme.
Robert Walberg had control of more than $5 million, and on Thursday night, the father and investor stood accused of helping himself to about $2 million of it.
The toll of a Ponzi scheme left a father dead and grieving daughter fighting for justice.
They thought it was a good bet, but instead their life savings were wiped out and families ruined. CBS 2 Investigator Pam Zekman reports.
What is a Ponzi Scheme?
Neal Goyal, 33, was charged Wednesday with one count of wire fraud. He was the founder and manager of Blue Horizon Asset Management and Caldera Advisors, both of which were unregistered investment advisors.
Three con men who met behind bars were headed back to prison for a $3.5 million Ponzi scheme involving comic books, movies and collectibles.
Federal prosecutors are accusing a Carol Stream man of scamming more than $4 million from clients to use in risky investments.
A former Crystal Lake man has been charged in a pending federal case alleging he and another man allegedly engaged in a Ponzi scheme that defrauded about 400 investors out of $105 million.
A Highland Park man has been sentenced to 15 years in prison in connection with a Ponzi scheme he ran with his son and daughter that bilked investors out of $10.7 million.
Federal authorities have charged two suburban businessmen with defrauding investors out more than $16 million in a Ponzi scheme.
A Geneva salesman has been charged with defrauding investors in four Las Vegas companies out of more than $5 million in a Ponzi scheme.
A man from northwest suburban Fox Lake has been sentenced to 4 ½ years in prison for concucting a Ponzi scheme that cheated more than two dozen people of $3.3 million.
A Mount Prospect man who raised about $12 million from investors in a real estate deal that federal prosecutors call a "Ponzi" scheme has been charged with wire fraud and sued by the SEC.
Police have said officers were investigating robberies near 55th and Pulaski, when they saw two suspects believed to be armed get into a Lexus and speed away.
Federal prosecutors said Earrious Moore stole three cars, tried to steal two others, and shot three people on the same afternoon on April 26, 2018.
Israeli Prime Minister Benjamin Netanyahu said Tuesday that he will recommend his ministers accept the ceasefire deal.
Burglars targeted three businesses on the same street of Chicago's Southwest Side within minutes of each other early Tuesday morning.
Police said the driver was shot in the head, causing his car to crash into a building and then a parked car.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
While Henyard had no trouble getting into the giving spirit, there is something she simply can't get going — a trustee meeting. Some trustees are deliberately denying her a quorum.
Johnson had planned to eliminate dozens of positions in charge of overseeing the reforms in order to cuts costs from the city budget.
In the poll, a total of 800 Chicagoans were asked a dozen questions about city leadership, finances, and ways to balance the budget.
Madigan is facing a slew of charges—including racketeering, conspiracy, bribery, and wire fraud.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
Robin McElroy said she loves everything about her Morgan Park home—except for the panic-inducing surprises she has been getting in the mail about her supposedly unpaid taxes.
Scammers often get financial information and personal details, or lure in veterans with videos that claim they can win lots of money,
It's the season of giving, but if you're not careful with finances, you could be getting a hefty bill at the end of the holiday season.
Annesley Clark and Christine Corso were determined to say their vows before it was too late. So when Clark's nurses at Northwestern Medicine heard the couple's story, they jumped right into action.
Little Penelope Lo Destro's parents were about to start their family when there was a terrible diagnosis.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
The team says it is still focusing on a new stadium in the city of Chicago.
Owner Ricky Burns made a big dream come true in the tiny space on Western Avenue in West Ridge.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
The nonprofit Far South Community Development Corporation is working to create everlasting change—and has a vision specifically for the commercial corridor at 115th and Halsted streets.
Wonder Group, a New York-based food ordering company that touts "fast fine" dining, is set to be Grubhub's new owner.
The 17-time Grammy Award-winning artist's new album features 12 songs.
The British pop star is bringing her Brat 2025 arena tour to the Allstate Arena on April 28 at 7 p.m
Ravyn Lenae, a rising R&B star from the South Side of Chicago, is among the artists announced Wednesday for the popular California desert music festival.
Speaking to American Theatre in 2018, Vire said he arrived in Chicago as a "lapsed actor," and fell into theatre criticism "through the back door."
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
Investigators with the Civilian Office of Police Accountability have released video showing a crash that killed one person and injured two others during a police chase last month on the South Side.
CBS News Chicago meteorologist Kylee Miller has the latest 7-day forecast.
Air travel is expected to set a new record this Thanksgiving.
President-elect Donald Trump is threatening to use tariffs as a way to help stop the flow of migrants and illegal drugs into the United States. Trump posted about his plan the same day that the Justice Department dropped two cases against him.
A man was shot while driving Tuesday morning in Gage Park. His car then crashed into a building.
Police said the driver was shot in the head, causing his car to crash into a building and then a parked car.
An over 11% increase compared to last Thanksgiving is expected at O'Hare Airport.
The team says it is still focusing on a new stadium in the city of Chicago.
While Henyard had not trouble getting into the giving spirit, there is something she simply can't get going—a trustee meeting. Some trustees are deliberately denying her a quorum.
Police have said officers were investigating robberies near 55th and Pulaski, when they saw two suspects believed to be armed get into a Lexus and speed away.
Police are already looking ahead to the Thanksgiving Day Parade later this week.
The 29-person team will advise the prosecutor's office on everything from handling gun violence cases to wrongful convictions to public corruption.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
Louisville transfer Tre White also scored 16 points and Will Riley added 13 for Illinois (5-1).
The team says it is still focusing on a new stadium in the city of Chicago.
It was the second championship for the second-seeded Wildcats (23-1-0), who have played for the title in four straight seasons.
Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight.
Pippen, playing in the arena where his Hall of Fame father's retired number hangs, had 26 points in the first three quarters for Memphis, which has won three of its last four.
Police have said officers were investigating robberies near 55th and Pulaski, when they saw two suspects believed to be armed get into a Lexus and speed away.
Burglars targeted three businesses on the same street of Chicago's Southwest Side within minutes of each other early Tuesday morning.
Police are already looking ahead to the Thanksgiving Day Parade later this week.
Investigation into each of the shootings remains under investigation.
Video obtained by CBS News Chicago shows the 19-year-old being transported on a stretcher out of the department store.
