Bloomington man charged with stealing $725,000 from retirement funds

Posted on October 13, 2016
McLean County Law and Justice Center
The charges come after a McLean County grand jury issued an indictment. (Photo by Joe Ragusa/WJBC)

By Adam Studzinski

BLOOMINGTON – A man from Bloomington is facing 20 criminal charges for allegedly stealing $725,000 from the retirement funds of three clients.

A warrant was issued for Derek Gordon after an indictment by a McLean County grand jury. The alleged scheme also supposedly involved forging documents which falsely inflated the value of investment funds by more than $1.6 million.

Gordan has been charged with theft by deception by allegedly taking $525,000 from one person and more than $100,000 each from two other victims’ retirement accounts.

The charges claim the thefts occurred between October 2012 and July 2015.

Adam Studzinski can be reached at [email protected].

Blogs

Labor Day – Expanding voting rights for all

By Mike Matejka Because of COVID, there is no Labor Day Parade this year.  It’s always a great event for our everyday workers to march proudly down the street and enjoys the festive crowd. If there had been a parade, this year’s Labor Day theme was to be “150 years of struggle: your right to vote.” …

Is federal mobilization the answer?

By Mike Matejka As President Donald Trump threatens to send federal marshals into Chicago, over the objections of Illinois Governor J.B. Pritzker, recall another Illinois Governor who protested the incursion of armed federal personnel into the city.   Those federal troops, rather than calming, escalated the situation, leading to deaths and violence. Illinois poet Vachel Lindsay…

In these troubled times, to my fellow white Americans

By Mike Matejka Our nation is at a unique watershed in human relations. African-Americans have been killed too many times in the past before George Floyd, but the response to this man’s death is international and all-encompassing. I was a grade-schooler during the Civil Rights 1960s. I watched Birmingham demonstrators hosed and the Selma – Montgomery…

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…