Convicted Homewood man faces more fraud charges
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In prison Wednesday in connection with a fraud Real Estate Investment Systems, Homewood man was adopted on Thursday expenses in the amount of scamming investors. Kenneth Bivens allegedly abgeseilt more investors in his shop, Christian Financial Planning Dream Builders Inc, although the State authorities and companies Olympia Fields for securities fraud, Illinois Attorney General Lisa Madigan’s office, announced the indictment. Bivens investors reported that she could see 25% return every 90 days, if their money to his company, which he planned to buy, sell and rehabilitation rescue acquire properties, according to the indictment ‘indictment. The system Ponzi a constant flow of new investors to pay the house and the original investors, after Madigan’s office. Bivens, 42, 3037 Matthew Lane, Wednesday, to five years in prison for securities fraud and to pay reparations to victims of Christian Dream Builders, according to the Attorney General office. He deceived about 300 investors of more than $ 2 million, after Madigan’s office. More than $ 1.3 million in the fund was established investors in Bivens’ personal bank accounts, according to the secretary of state office, in the year 2004 it prescribed by the sale of securities. Christian Dream Builders was dissolved in May 2005. Bivens, borrowing, when he claimed that more than $ 350000 new investors in real estate, which includes Madigan. The costs of the indictment with theft and fraud in securities. If convicted on the new charges, Bivens could have been used at the same time expressing its current rate, Madigan’s office said. |