Breaking News Bar
updated: 5/1/2013 7:08 AM

2 Chicago-area men to join third man in Ponzi-scheme case

hello
Success - Article sent! close
 
Associated Press

Two Chicago-area men who took part in a multi-million dollar Ponzi-type scheme with another man they met in prison are returning to federal prison after pleading guilty to fraud charges.

In a news release, the U.S. Attorney's Office in Chicago says 62-year-old Daniel Parrilli has been sentenced to 70 months in prison. Forty-eight-year-old John Lauer was sentenced to 31 months in prison. Fifty-seven-year-old Christopher Andersen is already serving a 95-month sentence.

The release says two of the men posed as businessmen looking for investors in their company, which bought and sold films and comic book rights. The third man's role was to reassure investors. The release says that 150 people invested more than $7 million, 100 of whom lost more than $3.6 million.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.