Illinois Investment Advisor Pleads Guilty to $5 Million Ponzi Scheme

Posted on June 11th, 2015 at 4:56 PM
Illinois Investment Advisor Pleads Guilty to $5 Million Ponzi Scheme

From the Desk of Jim Eccleston at Eccleston Law LLC:

Alan H. Gold, an Illinois investment advisor pleaded guilty to perpetuating a $5million Ponzi scheme.

According to the FBI, Gold engaged in a scheme to defraud his clients for at least five years. Gold, who managed several million dollars of client funds through his company, Alan Gold & Associates, based in his residence, allegedly sent account statements to clients falsely representing that their assets were invested in certain stocks, real estate funds, futures contracts, and other investment products. In truth Gold spent those client funds on his own personal expenses. Gold was fired in 2007 from his last employer for violations of company policies regarding borrowing funds from customers' accounts.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, alan gold and associates

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