Jan. 19 at 5:51 a.m.
Filed under:
Crime,
Criminal charges,
Fraud
By Tribune staff report
A former Chicago hedge fund manager accused of engaging swindling more than $3.5 million from approximately 48 victims who invested in funds he purported to operate, has turned himself in to federal authorities.
James Brandolino, 42, of Joliet and formerly of Chicago, was charged with mail fraud in a criminal complaint filed in U.S. District Court by U.S. Attorney Patrick Fitzgerald. Prosecutors said he obtained about $4.7 million from 48 high net worth investors since 2003 for purported managed futures trading accounts and a commodity pool investment. He provided about $1.1 million in investor redemptions and allegedly lost roughly half of the total invested funds through trading and misused most of the remaining funds for his own benefit, prosecutors said. Get the full story »
Sep. 2, 2010 at 7:38 a.m.
Filed under:
By Wailin Wong
A former Arlington Heights resident has pleaded guilty to stealing trade secrets, valued between $7 million and $20 million, from a local paint manufacturing company where he worked as a chemist. Get the full story »
July 28, 2010 at 4:43 p.m.
Filed under:
Crime,
Criminal charges,
Litigation
By Ameet Sachdev and Ray Gibson | In an extraordinary maneuver, the federal appeals court in Chicago removed a judge from an ongoing criminal trial after ruling that he had made an error in the case.
The 7th Circuit U.S. Court of Appeals did not give an explanation in its Tuesday order, which dismissed U.S. District Judge James Holderman from the jury trial of a man facing drug charges. The court said it would follow up with an opinion.
The lack of explanation left court watchers wondering what Holderman did to incite such a harsh penalty. The appellate court reverse judges all the time. But removing one in the middle of a trial may be unprecedented. Get the full story »
