Massive Investment Fraud Targets African-American Investors
Roy Fluker, of Highland Park, has been sentenced in an alleged far-reaching
investment fraud scheme that took $10.7 million from investors. Fluker's
son and daughter were also allegedly involved and were convicted late
Roy Fluker, along with his previously convicted family members, are said to have done business through their company All Things in Common, which did business as More Than Enough and Locust International.
They allegedly claimed returns of 25% each month over a one-year period in their "Spend and Redeem Program." They were also involved in their "Housing Program," which was supposed to reduce mortgage payments on a track to home ownership within five years.
Allegedly, the scam targeted African-Americans, who were found through local churches and hotels in Chicago. Some investors received Ponzi scheme-style payments, and about $3.4 million has been obtained since Fluker's accounts have been frozen. He has been sentenced, and it is expected that he will be ordered to pay restitution to the investment fraud victims.
If you have been the victim of a Chicago Ponzi scheme, contact an experienced and successful investment fraud attorney with Meyer Wilson today.