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Income Store owner found guilty on fraud charges after investors lose more than $100 million in alleged website development scheme
2023-07-14 00:00:00.0     芝加哥论坛报-芝加哥突发新闻     原网页

       A southwest suburban man was found guilty on seven counts of wire fraud Friday for bilking investors out of more than $100 million through his website development business, The Income Store, which federal prosecutors alleged was a Ponzi scheme.

       Kenneth Courtright, a polished pitchman who operated The Income Store out of his Minooka home, lured more than 500 investors with promises of high annual returns in perpetuity if they paid a six-figure upfront fee used to build and operate websites, according to the February 2020 indictment.

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       The jury verdict followed a seven-day criminal trial in Chicago federal court. A separate civil complaint filed by the Securities and Exchange Commission against Courtright and The Income Store is ongoing.

       


标签:综合
关键词: pitchman     Kenneth Courtright     six-figure     Ponzi     Income     Store     seven-day     investors     bilking     perpetuity    
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