From 1999 through 2006, Rock Falls, Illinois broker Nevin Gillette scammed about 40 Sauk Valley investors out of more than $8 million. Gillette sold investors interests in the "GIC Fund." GIC stands for "Guaranteed Investment Contracts." Gillette sold GIC Funds through his company, Executive Marketing Services of Northern Illinois. On August 25, 2006, a Temporary Order of Prohibition was entered by the Illinois Securities Department against Gillette. Read More. John S. Chapman & Associates is currently investigating avenues of recovery for victims of this scam.
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