2 charges dismissed for indicted Elk Grove Village trader

A DuPage County judge Monday dismissed a pair of charges against an Elk Grove Village man accused of stealing millions from investors, but the defendant still faces 58 counts of similar offenses.

Kevin G. Carney, 49, had sought the dismissal of his entire 60-count indictment claiming “double jeopardy” due to his August conviction in Cook County on charges also related to swindling investors.

Although DuPage County Judge George Bakalis ruled the cases in each county stemmed from “separate events,” he dismissed two counts of securities fraud where there was ambiguity over the dates and victims alleged.

Carney was sentenced to eight years in prison earlier this year after he pleaded guilty in Cook County to theft, securities fraud and financial exploitation of an elderly person. He also was ordered to pay $1.3 million in restitution.

In DuPage County, he faces similar allegations involving 28 would-be investors who say he scammed them out of a collective $2.4 million. Altogether, authorities say, he stole as much as $10 million from victims across the suburbs.

The charges dismissed Monday were not the most serious offenses Carney is facing. He remains charged with three counts of felony theft punishable by up to 15 years in prison, among other felony offenses.

Prosecutors from the Illinois attorney general's office declined to comment on the two charges being dismissed.

“He's been convicted and punished in Cook County, and now they're trying to convict and punish him for the same thing in DuPage,” Carney's attorney, Michael Rosenblat said.