{"id":4993,"date":"2018-04-23T21:04:28","date_gmt":"2018-04-23T21:04:28","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=4993"},"modified":"2022-03-11T13:40:26","modified_gmt":"2022-03-11T19:40:26","slug":"chicago-investment-adviser-daniel-glick-is-sentenced-to-over-12-years-for-senior-investor-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/chicago-investment-adviser-daniel-glick-is-sentenced-to-over-12-years-for-senior-investor-fraud\/","title":{"rendered":"Chicago Investment Adviser Daniel Glick Is Sentenced For Senior Investor Fraud"},"content":{"rendered":"

\t\t\t\tDaniel Glick, a Chicago-Based investment adviser who bilked clients, including\u00a0older investors, of $5.2M, has been sentenced to 151 months in prison. He also has to pay $5.2M in restitution. Glick\u2019s Ponzi-like fraud took place between 2011 and 2016.<\/p>\n

Glick, who is the owner of Glick Accounting Services Inc., Financial Management Strategies Inc., and Glick & Associates Ltd., pleaded guilty earlier this year to wire fraud. He told clients that not only would he invest their funds but also that he would pay their bills for them. He sent them account statements that were \u201cfalse and misleading.\u201d<\/p>\n

Glick\u2019s own family, including his wife\u2019s parents, were among his victims. He defrauded them of hundreds of thousands of dollars. Another family paid him $700K in fees while he misappropriated hundreds of thousands of dollars. Clients\u2019 funds were also used to pay two business associates.<\/p>\n

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

Daniel Glick, a Chicago-Based investment adviser who bilked clients, including\u00a0older investors, of $5.2M, has been sentenced to 151 months in prison. He also has to pay $5.2M in restitution. Glick\u2019s Ponzi-like fraud took place between 2011 and 2016. Glick, who is the owner of Glick Accounting Services Inc., Financial Management Strategies Inc., and Glick & […]<\/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":[3781,3792,3760,3803],"tags":[3039,3040,3001],"class_list":["post-4993","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-ponzi-scams","category-sec-enforcement","category-senior-investors","tag-chicago-investment","tag-daniel-glick","tag-senior-investor-fraud"],"yoast_head":"\nDaniel Glick Sentenced For Senior Investor Fraud | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"Daniel Glick, a Chicago-Based investment adviser who bilked clients, including\u00a0older investors of $5.2M, has been sentenced to 151 months in prison.\" \/>\n<meta name=\"robots\" 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