Former HSI Special Agent Sentenced to More Than Six Years in Prison on Tax, Structuring, and Concealment Charges
ROCKFORD — A Loves Park man has been charged with fraudulently obtaining more than $950,000 from three of his customers.
A criminal information filed by the U.S. Attorney's Office in Rockford charges NASEEM SALAMAH, 40, with one count of wire fraud.
Salamah, who worked as an investment advisor in Loves Park, fraudulently obtained more than $950,000 from the accounts of three customers from August 2017 to May 2021, the information states. Salamah told the customers that he needed to move the money to diversify their assets, when, in fact, Salamah deposited the money into a bank account that he controlled, the charge alleges. Salamah allegedly used the money for his own benefit and without the customers’ knowledge or consent.
The charge was announced by John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; and Emmerson Buie, Jr., Special Agent-in-Charge of the Chicago Field Office of the FBI. The U.S. Securities and Exchange Commission, which filed a civil enforcement action against Salamah, provided valuable assistance. The government is represented by Assistant U.S. Attorney Scott R. Paccagnini.
The public is reminded that an indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.
Wire fraud carries a maximum penalty of 20 years in federal prison. If convicted, the Court must impose a reasonable sentence under federal sentencing statutes and the advisory U.S. Sentencing Guidelines. Arraignment in U.S. District Court in Rockford has not yet been set.