CHICAGO — An Illinois investment advisor has been indicted on federal fraud charges for allegedly swindling at least three clients in a Ponzi scheme.
JOHN MYERS operated Illinois-based Sterling Capital Investments, LLC. From 2022 to 2025, Myers fraudulently solicited and obtained money from three victims, including a husband and wife from Michigan, based on false representations about the performance and value of the investments, according to an indictment returned Thursday in U.S. District Court in Chicago. Myers provided false documentation reflecting the investments were worth more than they were, when Myers knew the value had actually decreased due to his trading losses, the indictment states. Myers engaged in a Ponzi scheme by using some investor funds to repay prior investors, the indictment states.
Myers, 41, of Chicago, is charged with four counts of wire fraud. Arraignment…
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