Craig Gutowsky review: Ponzi scam 3

At his home in Cary Illinois, Craig Gutowsky would sit and ponder how he could get out from his job, a Union truck driver for USF Holland America in Wheeling Illinois. Even thou he had 10 year, he hated being behind the wheel of an 18 wheeler, day in a day out. He was afraid that management was going to catch on to his fake workman's comp case for an injured finger. After all it was his 3rd workman's comp case in 4 years, and he was running out of body parts, back, ankle and now finger.

Monday morning at 5am he would be back behind the wheel . He had to do something and quick. With the help of his accountant at Delta financial Services, Craig started Nicks Games. The plan was to invest in PLAY and TRADE franchises. Craig advertised for investors by guarantying principle and paying a dividend of %20 .

He was so confident he had quit the union that he was a member of for over 15 years, rather than take a leave of absent

Chumming the waters for investors, Gutowsky had a retirement party at a local beer hall in Cary - Colman's, showing off his new success as a stock broker, thumbing his nose at all the other truck drivers he invited from USF HOLLAND AMERICA in Wheeling Illinois.

Gutowsky also entertained regularTexes hold em' events at their home in Cary til he bought a warehouse in Cary and held them there.

Gutowskys lifestyle seem to change overnight. He used investors money to buy turbo charged Mercedes Benz with custom plates that said ' FAST E 55'. a vintage museum quality muscle car 1966 Chevrolet Nova II Mundelein, Illinois | Elite Motors PLEASE CONTACT CRAIG AT [protected] OR [protected], and was equipping high performance motorcycle racing team, complete with luxury trailer, equipped with plasma television and leather benches. He even purchase a new Ford pickup truck to pull the all aluminum $40, 000 trailer.

Gutowskys' life indeed has changed. He was spending more in a month then he made in a year driving a truck.

Gutowsky took his wife Renee on several Las Vegas vacations and could be seen of the golf course in Cary several times a week.

Gutowsky was taking in hundreds of thousands and new he was in trouble. But he could never go back to USF Holland

Gutowsky needed to help investors raise cash by arranging for title loans on their cars and cash advances on their credit cards, taking anything of value from investors to collateralize the investment he was selling, using CRAIGS LIST to liquidate the motorcycles, golf clubs and Artwork he had received.

Gutowsky allegedly was not investing their money. Authorities said he was running a Ponzi scheme that duped investors out of hundreds of thousands of dollars.

On January 28, 2010 a DuPage County judge ordered Craig Gutowsky, 42, of the 19 the block of Montclair Court, Cary Illinois held in lieu of $150, 000 dollars bail. A grand jury indictment has charged Gutowsky with theft, securities fraud, fraud and selling securities without registering.