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Chicago Man Indicted for Bank Fraud Involving Millions of Dollars

By
Raul Hernandez
on May 31, 2012 12:50 PM Share: Share on Facebook submit to reddit StumbleUpon Toolbar
CHICAGO-- A Chicago investment advisor was indicted after he fraudulently got a $1.3 million line of credit from the bank for his business, as well as separate loans of $1.4 million and $500,000, for what, he said, was for two clients, federal authorities announced today.
Robert J. Lunn, of Chicago, allegedly made a series of misrepresentations to Leaders Bank on his personal financial statements. He allegedly lied and said he owed millions of dollars of stock in Morgan Stanley and Lehman Brothers.
Lunn, 62, did business as Lunn Partners LLC, an investment advisory business.


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The Court Reporter
Raul Hernandez has spent years writing stories about the drama that unfolds in the courtroom. Here he answers common questions, share some insights on the judicial system and passes along some of the little things that make the Ventura County courts an interesting place to be. You can contact him at rhernandez@vcstar.com.