CHICAGO – A California man has been sentenced to two and a half years in federal prison after allegedly swaddling $2 million from a Chicago suburb resident.<\/p>\n
Raymond Echavez Villamor, 62, of Newport Beach, Calif., pleaded guilty last year to federal wire fraud.<\/p>\n
The backstory:<\/p>\n
According to the U.S. Attorney’s Office, Villamor solicited and obtained a $2 million investment from a Glenview, Ill. resident over the course of six months in 2023. Villamor claimed to be an investment advisor and promised the victim that they would receive their money back, plus a substantial return. Prosecutors say Villamor actually used the money for personal expenses, including to buy vintage cars. He also allegedly used the money to pay back other investors.<\/p>\n
What’s next:<\/p>\n
On Tuesday, Echavez Villamor was ordered to repay the victim in full and was sentenced to 30 days in prison.<\/p>\n
The Source: Details for this story were provided by the U.S. Attorney’s Office, Northern District of Illinois.<\/p>\n
Crime and Public Safety<\/a>Glenview<\/a>News<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"CHICAGO – A California man has been sentenced to two and a half years in federal prison after…\n","protected":false},"author":2,"featured_media":303197,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,108747,2042,127935,21354,100,1181],"class_list":["post-303196","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-cook-county","tag-crime-publicsafety","tag-glenview","tag-il","tag-news","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/303196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=303196"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/303196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/303197"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=303196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=303196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=303196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}