Arlington Man Gets Probation for Investment Fraud Des Plaines Woman Bilked out of $70,000 in Securities Scheme
Mask, Teresa, Daily Herald (Arlington Heights, IL)
Byline: Teresa Mask Daily Herald Staff Writer
An Arlington Heights man was sentenced to 30 months' probation Friday and ordered to pay $64,000 to a Des Plaines woman he defrauded.
William C. Grabowski, 54, of 209 S. Arlington Heights Road was spared jail time after paying $45,000 to the woman Friday. He still has to repay the remaining $19,000.
He pleaded guilty to one count of investment fraud.
"I expect his ability to pay was a big consideration in the judge's decision. We were expecting at least three years (jail time)," said Dave Finnigan, senior enforcement attorney for the Illinois Securities Department. "What we try for is jail time or …
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Publication information: Article title: Arlington Man Gets Probation for Investment Fraud Des Plaines Woman Bilked out of $70,000 in Securities Scheme. Contributors: Mask, Teresa - Author. Newspaper title: Daily Herald (Arlington Heights, IL). Publication date: November 18, 2000. Page number: 6. © 2009 Paddock Publications. COPYRIGHT 2000 Gale Group.
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