A man and a woman were indicted on September 23, 2010, for their alleged
involvement in an investment scam involving $30 million. The pair has
been accused of misusing $12 million of $30 million they raised from approximately
70 investors in the apparent
According to Patrick J. Fitzgerald, United States Attorney for the Northern
District of Illinois, and Robert D. Grant, Special Agent-in-Charge of
the Chicago Office of the Federal Bureau of Investigation, the alleged
architects of the investment scam were charged with five counts of wire
fraud by a federal grand jury.
The defendants have been identified as 45-year-old James Jedynak and 60-year-old
Gail Howard. They both are believed to be from Northfield, Illinois, but
currently reside in Texas.
The indictment alleges that the pair ran their scheme between 2003 and
2007, during which time they raised over $30 million from approximately
70 unsuspecting investors through Unified Worldwide Transport, LLC (UWT).
The investors were under the impression that the duo was using their money
to purchase telecommunication routes, build network infrastructure, provide
working capital, repay debt and purchase licenses and equipment.
Mr. Jedynak and Ms. Howard are being accused of using some of the money
to support their lavish lifestyle that included luxury services, jewelry,
a boat and home improvements. They have also been accused of using funds
to make payments to friends and relatives.
If convicted, the pair faces up to 20 years in prison and potentially $250,000 in fines.