{"id":4808,"date":"2017-11-21T17:52:55","date_gmt":"2017-11-21T23:52:55","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4701"},"modified":"2022-03-22T15:07:30","modified_gmt":"2022-03-22T20:07:30","slug":"investment-adviser-faces-charges-bilked-older-investors-5-2m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-faces-charges-bilked-older-investors-5-2m\/","title":{"rendered":"Investment Adviser Faces Charges That He Bilked Older Investors of $5.2M"},"content":{"rendered":"

\t\t\t\tDaniel Glick, a Chicago investment adviser, is charged with wire fraud over allegations that he stole about $5.2M from elderly clients, including the parents of his wife. Glick was the owner of Glick & Associates Ltd., Glick Accounting Services, and Financial Management Strategies Inc.<\/p>\n

He allegedly began bilking investors in 2011 through last April. The criminal information in his senior investor fraud case accuses Glick of promising clients that he would invest their funds and pay their bills but he instead created account statements that inflated investment balances while he used their money to buy a Mercedes, pay his mortgage, and pay back business loans. Glick is accused of making Ponzi-like payments to clients.<\/p>\n

Among those whom he allegedly defrauded were his in-laws, whose signatures he is accused of forging to transfer their money to his own business account. They lost hundreds of thousands of dollars. Another family purportedly paid Glick $700K in fees even while he allegedly misappropriated hundreds of thousands of their dollars. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Daniel Glick, a Chicago investment adviser, is charged with wire fraud over allegations that he stole about $5.2M from elderly clients, including the parents of his wife. Glick was the owner of Glick & Associates Ltd., Glick Accounting Services, and Financial Management Strategies Inc. He allegedly began bilking investors in 2011 through last April. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3741,3803],"tags":[],"class_list":["post-4808","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-fraud","category-senior-investors"],"yoast_head":"\nInvestment Adviser Faces Charges That He Bilked Older Investors of $5.2M — Investor Lawyers Blog — November 21, 2017<\/title>\n<meta name=\"description\" content=\"Daniel Glick, a Chicago investment adviser, is charged with wire fraud over allegations that he stole about $5.2M from elderly clients, including the — November 21, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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