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The State of Illinois Office of the Attorney General has filed fraud charges against a Cary, Illinois truck driver who allegedly lured family and friends to invest about $300,000 into commodity trading pools. Craig M. Gutowsky , was charged with seven counts by a grand jury. Illinois States Attorney for the Northern District of Illinois, charges were posted ion the Du Page County , Illinois Court website.

Funds that investors had deposited with Gutowsky were alleged diverted into paying gambling debts, funding Play and trade franchises, Ponzi type payments to other investors and other living expenses. Gutowsky, out on a workmans comp injury claim , (his third )from his job as a truck driver at USF Holland, could be seen driving his luxury turbo charged Mercedes Benz or on the golf course in Cary, Illinois rather than at the desk assigned to Gutowsky while he was convalescing at the Wheeling , Illinois, freight carrier.

Craig M. Gutowsky 42, of Cary, Illinois, operated several commodity trading pools, using the name CMG Trading. Gutowsky presented himself as the managing member of CMG consulting.
Gutowsky alleged obtained funds.5 million from 27 investors between 2002 and April, 2007. He sold interests for at least $20,000. During that time, he paid about $1.9 million out to the investors. Ultimately, the investors lost while Gutowsky liquidated assets on the internet and Craig’s list.

Craig Gutowskyi was charged with five counts of securities fraud and two counts of THEFT-UNAUTHORIZED CONTROL KNOWING TO DEPRIVE - $100,000 - $500,000
And THEFT BY DECEPTION WITH INTENT TO DEPRIVE - $100,000 -v $500,000 .

According to neighbors in the quiet suburb of Cary, Illinois, Craig and Rene Gutowsky drove luxury automobiles, were in Las Vegas a couple of times a year and hosted extravagant Texas Hold Em poker parties in the couples finished basement, complete with granite bar and 152’ HD TV. Gutowsky took money from investors to trade in the Kevin G Carney fund. Gutowsky allegedly used the the money to pay earlier investors and for his own purposes.

Gutowsky allegedly misrepresented the profitability of the trading pools he managed charging a 10% broker fee. He also caused other people to misrepresent how profitable the Kevin G Carney trading pools were. In fact, there was not time in which the trading pools were profitable, according to one investor.. As an example, Gutowsky made the claim that one of his trading partners had a 168 percent profit from January 2007 to October 2008. According to the charges, Gutowsky never invested the money at all during that period. In fact his trading partner Kevin G Carney is on trial both in Du Page County, Illinois and Cook County Illinois were Carney has been since April 2010 unable to make bail. Craig Gutowsky was released from a Du page County Illinois lock up on $150,000. Bond . Gutowsky s wife’s - Renee L. Gutowsky s father, Phil Abbinanti of Buffalo Grove (owner of Chapple Design-Build 134 West Lake Street, Bloomingdale, IL ) posted the 10% needed for Gutowsky s release.
Renee Gutowsky has not yet been charged. Craig Gutowsky is working at Elite Motors 822 Lake St. Mundelein, Illinois while out on bail.





www.chicagotribune.com/news/chicago- ... 6500.story

This whole statement about Craig Gutowsky is completely false. I know Craig very good and about his situation. He did not do the investing for anyone, Fact. After working for a company for 12 years in that type of trade you are going to have some injuries, he had 2 and they were legit. His start time at work was never 5am, False. He never had a retirement party, False. Retirement means working no more but he quit his job to start his own business Play& Trade dosent sound like retiring to me? He was involved in a ponzi scam and lost alot of money also, he was a victim himself. He tried helping 2 of his friends that ended up losing in the scam and they are blaming him for there losses. Sounds like a couple of losers to me can't man up and take there losses as well have to blame anyone but themselves. Family members involved, False. Spend more in a month than he made in a year, False. He is being charged, True. But when the truth comes out in court which he is doing, not trying to cop a plea a sign of a true man that is not guilty. I recently went to a party at the gutowsky,s home in cary and there were atleast 85-100 people there. If he stole from so many he would be laying low and no one would come to one of there parties. He still goes golfing all of the time also, so what! The Loser that posted this is just trying to hurt craig's reputation but everybody that know's Craig know's the truth and that is all that matters.