January 23, 2009 (WLS) -- A suburban businessman is charged with running a multi-million dollar Ponzi scheme for more than two decades. Frank Castaldi of Prospect Heights appeared in federal court on Friday. The allegations are similar to the allegations involving the widely publicized case against Bernard Madoff. He owned several businesses in Norridge. U.S. Attorney's office says that he gave a number of statements to them indicating that he used new investors' money as well as loans to pay off old investors.

suburban businessman is charged with running a multi-million dollar Ponzi scheme for more than two decades.
January 23, 2009 (WLS) -- A suburban businessman is charged with running a multi-million dollar Ponzi scheme for more than two decades. Frank Castaldi of Prospect Heights appeared in federal court
suburban businessman is charged with running a multi-million dollar Ponzi schem...
Frank Castaldi: Businessman accused in 22-year Ponzi fraud
Businessman accused in 22-year Ponzi fraud January 23, 2009 12:13 PM | 5 Comments A northwest suburban businessman who authorities say promised hundred of investors between 10 percent and 15 percent
http://www.chicagobreakingnews.com/2009/01/suburba...