Father and Son Among Four People Indicted in $2.9 Million Ponzi Scheme Involving Bogus Mortgage Sales in North Suburbs
CHICAGO—A father and son schemed with a Chicago attorney and a Lincolnwood businessman to sell $ 2.9 million in phony mortgages to more than a dozen duped investors, according to a federal indictment unsealed Tuesday. ALBERT ROSSINI, 67, the owner of Devon Street Investments Ltd., in Lincolnwood, plotted with BABAJAN KHOSHABE, 74, and Khoshabe’s son, …