Tuesday, April 24, 2018

Chicago Advisor Gets 12-Year Prison Sentence For $5.2 Million Ponzi Scheme

A Chicago-based advisor was sentenced to more than 12 years in prison after pleading guilty to taking $5.2 million from elderly clients to fund his lifestyle. Daniel Glick, owner and operator of Financial Management Strategies, Glick Accounting Services and Glick & Associates, all based in Orland Park, Ill., was sentenced to 151 months in prison and ordered to pay $5.2 million in restitution in the U.S. District Court in the Northern District of Illinois on April 17, 2018. In a parallel civil action filed by the U.S.

from FA News https://www.fa-mag.com/news/chicago-advisor-sentenced-to-151-months-for--5-2-million-ponzi-scheme-38287.html

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