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Press Release

Former Financial Consultant Pleads Guilty To Fraud, Money Laundering, and Tax Offenses

For Immediate Release
U.S. Attorney's Office, Southern District of Illinois

East St. Louis, Ill. – Douglas J. Kiffmeyer, 45, of Granite City, Illinois, pleaded guilty today to 
a 17-count federal indictment that charged wire fraud, failure to file individual and corporate 
income tax returns, and money laundering.

Kiffmeyer held himself out to the public as a retirement planner, financial consultant, and tax 
advisor. He operated businesses under the names of Modern Retirement Professionals and Kiffmeyer 
Tax Advisory Group, Inc. He solicited funds from clients for personal investments and made personal 
expenditures with investor funds that totaled approximately $1.5 million. Very little of the 
investor funds were ever used for their intended purpose, with most of the funds going to pay for 
Kiffmeyer’s personal expenses. None of the money received was reported by Kiffmeyer as income to 
the corporation or as personal income to the Internal Revenue Service.

Sentencing is scheduled for Nov. 10, 2020. The charges against Kiffmeyer were the result of an 
investigation conducted by the Illinois Securities Department and the Internal Revenue
Service Criminal Investigation division.

Updated July 28, 2020