Former Chicago Commodities Trader Accused of Ponzi Scheme
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Bradley Schiller, a one-time Chicago commodities trader, is accused of running a Ponzi scheme leading to the loss of $5 million.
Between 2007 and 2012, Schiller, 37, raised $10 million from sources including the PrivateBank and Trust Co., then used some of that money to pay for personal and family expenses including a Range Rover sport utility vehicle, country club fees and housing rental fees for his mother-in-law, acting U.S. Attorney Gary S. Shapiro of Chicago said today in a statement.