The Justice Department has indicted Kendall County real estate professional Michelle Labra on federal fraud charges for allegedly orchestrating a $23 million Ponzi scheme.
According to an indictment returned Thursday in U.S. District Court in Chicago, Labra owned and operated Labra Group Realtors LLC, an Aurora, Illinois-based investment program that promised investors “outsized returns.”
Labra received $23 million from at least 25 investors from 2009 to 2015, U.S. attorneys said.
