CHICAGO - A suburban Chicago man and his colleague are charged with scheming to bilk about $22 million from more than two dozen investors. <br>
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Forty-two-year-old August Ghilarducci of West Chicago was charged Thursday with 16 counts of wire fraud and eight counts of money laundering. <br>
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Fifty-three-year-old Ronald Richardson of Acworth, Georgia, was charged with eight counts of wire fraud and three counts of money laundering. <br>
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Prosecutors say the men sold various financial instruments to clients between March 1996 and June 2001. <br>
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They say the two promised their clients substantial profits from international bank trading programs when they knew the investments had little or no value. <br>
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Richardson's phone number is unlisted. A call to Ghilarducci's home went unanswered.
