Orland Park Investment Adviser Pleads Guilty to Wire Fraud

Posted on January 25th, 2018 at 3:43 PM
Orland Park Investment Adviser Pleads Guilty to Wire Fraud

From the Desk of Jim Eccleston at Eccleston Law LLC:

Orland Park investment adviser, Daniel H. Glick, has pleaded guilty to one count of wire fraud for allegedly stealing more than $5 million from clients, including his elderly in-laws.

According to the plea agreement, Mr. Glick, through his three businesses, Financial Management Strategies, Inc., Glick Accounting Services, Inc., and Glick & Associates Ltd. represented to his clients that he would invest their money in safe investments. However, instead of investing his clients’ money, Mr. Glick used their funds to purchase luxury items and to pay off his mortgage.

Mr. Glick concealed the fraud by continuing to pay the bills and expenses on behalf of certain clients by using his other clients’ funds in a Ponzi-style scheme. Moreover, Mr. Glick also misappropriated at least several million dollars of funds from clients by providing financial institutions, such as Citizens Financial Bank and U.S. Bank National Association, with forged checks and other documents.

Eccleston Law is investigating this Ponzi scheme. Those with information should contact our law firm.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston

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