Chicago Investment Firm Head Pleads Guilty To Adviser Fraud

Law360 (August 14, 2019, 4:21 PM EDT) -- A Chicago-area investment adviser pled guilty on Wednesday to investment adviser fraud for his role in a scheme prosecutors say allowed him to allocate profitable trades to benefit himself and his family, at the expense of his firm's clients.

Charles J. Dushek, 75, the former president of Capital Management Associates Inc., still faces nine counts of securities fraud and will go to trial in September. He has pled guilty to the 10th count of the indictment, which carries a maximum penalty of five years in prison and a maximum fine of $250,000.

Prosecutors told the court in a hearing Wednesday that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS