2 brothers get prison time for bilking elderly - WFXG FOX 54 - News Now

2 brothers get prison time for bilking elderly

CHICAGO (AP) -

Two brothers who bilked elderly Chicago residents out of more than $750,000 in home equity are each going to federal prison for 14 years.

U.S. District Judge Ruben Castillo sentenced 46-year-old Daniel Sullivan of Niles and 50-year-old John Sullivan of Surprise, AZ, on Tuesday. They were convicted last fall.

Prosecutors say the brothers convinced more than 50 elderly homeowners to refinance their homes to pay for expensive repairs that were never completed. They also engaged in investment and mortgage fraud and deception involving millions of dollars.

Authorities say one woman killed herself after John Sullivan claimed to have a romantic interest in her and then defrauded her mother of her life's savings of almost $600,000.

The Sullivans also must each pay $711,000 in restitution and forfeit $749,000.

Copyright 2012 Associated Press. All rights reserved.

  • NEWSMore>>

  • Mexico quake rescuers struggle to free girl, other survivors

    Mexico quake rescuers struggle to free girl, other survivors

    Wednesday, September 20 2017 2:33 AM EDT2017-09-20 06:33:01 GMT
    Thursday, September 21 2017 1:06 AM EDT2017-09-21 05:06:17 GMT

    The earthquake struck on the 32nd anniversary of a 1985 temblor that killed thousands and came just two hours after earthquake drills were held across Mexico to mark the date.

    More >>

    The earthquake struck on the 32nd anniversary of a 1985 temblor that killed thousands and came just two hours after earthquake drills were held across Mexico to mark the date.

    More >>
  • SEC reveals 2016 hack that breached its filing system

    SEC reveals 2016 hack that breached its filing system

    Wednesday, September 20 2017 10:55 PM EDT2017-09-21 02:55:52 GMT
    Thursday, September 21 2017 12:47 AM EDT2017-09-21 04:47:14 GMT

    SEC says a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016.

    More >>

    SEC says a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016.

    More >>
  • Maria destroys homes, triggers flooding in Puerto Rico

    Maria destroys homes, triggers flooding in Puerto Rico

    Wednesday, September 20 2017 3:55 AM EDT2017-09-20 07:55:20 GMT
    Thursday, September 21 2017 12:46 AM EDT2017-09-21 04:46:38 GMT

    Hurricane Maria ties for the eighth strongest storm in Atlantic history, when measured by wind speed. 

    More >>

    Hurricane Maria ties for the eighth strongest storm in Atlantic history, when measured by wind speed. 

    More >>
Powered by Frankly