{"id":6849,"date":"2019-03-04T11:31:00","date_gmt":"2019-03-04T17:31:00","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6849"},"modified":"2019-03-04T11:31:00","modified_gmt":"2019-03-04T17:31:00","slug":"criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/","title":{"rendered":"Criminal Securities Fraud Cases Including Startup Company Charged in $48M Fraud"},"content":{"rendered":"<br \/>\n<h2><strong>Jury Convicts Investment Manager for Defrauding Lenders and Clients<\/strong><\/h2>\n<p>A federal jury has convicted Shawn Baldwin, a Chicago investment manager, on seven counts of wire fraud. Baldwin is accused of fraudulently obtaining over $10M from at least 15 investors and lenders between 2006 and 2017. They thought that their money would go into investment products. Instead, he spent their money on his own personal bills. Meantime, his victims were given fake account statements with false information about their funds\u2019 value so he could hide the fraud.<\/p>\n<p>Individual and corporate lenders were among those that gave Baldwin their money to invest. He is accused of \u201cexaggerating\u201d his successful track record and professional ties, as well as mispresenting and minimizing past disciplinary action brought against him, including the revocation of his certifications with <a href=\"http:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">FINRA<\/a> and that in 2013, the State of Illinois permanently barred Baldwin from offering investment advice or selling securities.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/\"  title=\"Continue Reading Criminal Securities Fraud Cases Including Startup Company Charged in $48M Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jury Convicts Investment Manager for Defrauding Lenders and Clients A federal jury has convicted Shawn Baldwin, a Chicago investment manager, on seven counts of wire fraud. Baldwin is accused of fraudulently obtaining over $10M from at least 15 investors and lenders between 2006 and 2017. They thought that their money would go into investment products. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4052,3738],"tags":[3310,3311,3312,3313],"class_list":["post-6849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-institutional-investors","category-investor-fraud","tag-michael-liberty","tag-paul-hess","tag-robert-bogucki","tag-shawn-baldwin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Criminal Securities $48M Fraud Case &#8212; Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"Chicago Investment Manager Convicted in $10M Scheme, Startup Founder Is Charged in $48M, and Barclays Traders Is on Trial\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Criminal Securities $48M Fraud Case &#8212; Investor Lawyers Blog\" \/>\n<meta name=\"twitter:description\" content=\"Chicago Investment Manager Convicted in $10M Scheme, Startup Founder Is Charged in $48M, and Barclays Traders Is on Trial\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Criminal Securities $48M Fraud Case &#8212; Investor Lawyers Blog","description":"Chicago Investment Manager Convicted in $10M Scheme, Startup Founder Is Charged in $48M, and Barclays Traders Is on Trial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/","twitter_card":"summary_large_image","twitter_title":"Criminal Securities $48M Fraud Case &#8212; Investor Lawyers Blog","twitter_description":"Chicago Investment Manager Convicted in $10M Scheme, Startup Founder Is Charged in $48M, and Barclays Traders Is on Trial","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Criminal Securities Fraud Cases Including Startup Company Charged in $48M Fraud","datePublished":"2019-03-04T17:31:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/"},"wordCount":637,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","keywords":["Michael Liberty","Paul Hess","Robert Bogucki","Shawn Baldwin"],"articleSection":["Institutional Investors","Investor Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/","name":"Criminal Securities $48M Fraud Case &#8212; Investor Lawyers Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","datePublished":"2019-03-04T17:31:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Chicago Investment Manager Convicted in $10M Scheme, Startup Founder Is Charged in $48M, and Barclays Traders Is on Trial","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","width":1200,"height":552,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-cases-including-startup-company-charged-in-48m-fraud\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Criminal Securities Fraud Cases Including Startup Company Charged in $48M Fraud"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1Mt","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=6849"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/444"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=6849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=6849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=6849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}