Tag Archives: ponzi scheme

Chicago-Area Man Is Sentenced to 23 Years for Running 22-Year Ponzi Scheme


By Andrew M. Harris – Sep 15, 2010 6:23 PM CT Frank Castaldi, who ran a Chicago- area Ponzi scheme for 22 years that cost victims $31.6 million, was sentenced to 23 years in prison today in federal court. For 22 years, Castaldi, 57, of suburban Prospect Heights preyed upon …

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