The head of a Chicago-based investment management firm failed to overturn a federal court’s order sentencing him to three years in prison and to pay more than $185,000 in restitution for wire fraud.
The district court properly included a $133,000 transaction within the scope of Eric Kyereme’s scheme to defraud investors, Judge Joshua P. Kolar of the US Court of Appeals for the Seventh Circuit wrote in a Monday opinion.
Kyereme in 2020 was indicted for wire fraud after allegedly leading a scheme to defraud individuals to invest in his company, Sika Capital Management LLC. Kyereme solicited $200,000 for ...
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