Daniel J. Parrilli, 59, of Carol Stream, Illinois and Christopher R. Andersen, 59, of Westmont, Illinois, were charged today with operating a Ponzi-type investment fraud scheme that bilked some 100 investors out of $4 million. Both Parrilli and Anderson are previously convicted felons. According to the indictment, in or about 2006, Parrilli and Anderson ran a company called Sundown Entertainment, Inc. which promised investors a return of 25 to 100 percent in as little seven days. The company was supposedly to earn those incredible returns on the sale of films and comic books. According to reports, Andersen pleaded guilty in 2001 to another investment fraud scheme and was sentenced to 36 months in prison. He served time at the federal prison in Oxford, Wisconsin, where he reportedly met Parrilli, who had pleaded guilty in a separate fraud case in 2001.
Read the story here and here.
Read the State of Illinois complaint here.
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