Long Grove man accused of con fails to post bond, jailed

A Long Grove man accused of being a con artist was ordered taken into custody Tuesday after a federal judge discovered he had never posted the bond required of him, an assistant U.S. attorney said.

Patrick Del Monico is accused of falsifying invoices for his employer, Wheeling-based Indeck Power Equipment Co. from 1993 to 2003 and then diverting for his own use the checks the company prepared.

He is also accused of telling another employer, Demar Logistics Inc. of Carol Stream, that he had secured two big contracts for the company, allowing him to receive payments of $25,000 from the company in expectation of significant revenues, the U.S. attorney's office alleges.

Del Monico is also charged with trying to swindle the U.S. government out of money by alleging it had received emergency power generators that he actually never supplied, the government claims.

Del Monico's bond covered all three charges.

Monday, an assistant U.S. attorney told U.S. District Judge John Darrah that Del Monico had never posted the $100,000 he was required to do and that Del Monico is being evicted from his home.

"It appears that Mr. Del Monico will shortly not have a place to live," said Darrah,

Del Monico's attorney objected that Del Monico was trying to sell his house so as to post bond and being incarcerated would interfere with that.

"Well, he (the potential buyer) can visit Mr. Del Monico at the MCC (Metropolitan Correctional Center)," said Darrah, who ruled that with very little security posted and potential long-term sentences looming, Del Monico was a flight risk.

Del Monico has pleaded innocent and will stand trial March 24 on all charges. He will also have a full bond hearing on Thursday, Darrah ruled.