Financial adviser ripped off $1.5 million from clients: feds

A Chicago investment adviser was indicted this week on charges of ripping off clients to the tune of $1.5 million, federal prosecutors announced Wednesday. Dimitry Vishnevetsky, 33, raised about $1.7 million from investors by offering and selling commodities and promissory notes as well as brokerage services, according to court records, and used the bulk of it as a personal bank account — making mortgage and car payments, taking vacations, dining out, even covering athletic club dues, federal authorities said. To conceal the fraud, court records show, he allegedly used the remaining money to make “Ponzi-type payments to some investors.” But … Read More
by Chicago Sun-Times
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