Additional felony charges have been filed against a Lake Forest man accused of stealing more than $500,000 from victims in Lake County

Ricky A. Dugo, 54, of Lake Forest.

A Lake Forest man who prosecutors have called a ‘long scam’ man faces additional charges for allegedly defrauding multiple victims out of more than $500,000 in cash and property.

Ricky A. Dugo, 54, of the 600 block of Wharton Drive in Lake Forest, was charged last March with four counts of theft and two counts of conspiracy to commit a financial crime.

On Wednesday, a Lake County grand jury charged Dugo with additional charges, including theft, three counts of money laundering and two counts of deceptive practices.

In May, Dugo appeared in court and pleaded not guilty to his original charges. An arraignment hearing is scheduled for February 8 regarding his new charges.

Lake County Assistant District Attorney Kevin Berrill said in May that Dugo allegedly convinced his victims to give him money for investments that didn’t actually exist.

Berrill said Dugo would come back to the victims for additional money, shackling them after the initial investments were given to him.

“Each of the victims in this case was the prey of a long scam. These scams had significant negative impacts on their lives,” Berrill said. “Our goal in this case is to seek justice for the victims who were truly hurt by these schemes.”

A criminal complaint filed in Lake County Circuit Court alleges that Dugo obtained or exercised unauthorized control over a man’s property, which exceeded $500,000 but was less than $1 million.

The incident occurred between January 2013 and July 2015 and involved Dugo convincing the victim to pay “an upfront fee as purported investments that were not actually legitimate,” according to the complaint.

A second victim also reported that Dugo convinced them to pay “advance fees as alleged investments that weren’t actually legitimate.”

This victim lost between $10,000 and $100,000 in cash in March 2018, according to the complaint.

Dugo allegedly committed loan fraud with a third victim by asking the woman to include false income on a loan application in July 2017.

The loan request was to finance the purchase of a 2015 Harley-Davidson motorcycle and a 2017 Harley-Davison motorcycle, valued between $10,000 and $100,000.

The latest indictment in the case containing the new charges alleges that Dugo ‘knowingly obtained by deception’ control of cash, vehicles, Rolex watches and furniture, which collectively amounted to between 100,000 and 500 000 dollars.

The vehicles included five different motorcycles, which were purchased by the victim in March 2020 under the “false premise” that Dugo would reimburse the victim, according to the indictment.

Dugo also “deceptively led” the man to write a check to one of Dugo’s family members for less than $10,000, according to the indictment.

The charges were brought against Dugo following an investigation by the Lake County Sheriff’s Office and the Lake County State’s Attorney’s Office.

A blog post dated May 24, 2018, on the site called “The Dirty”, said Dugo stole $10,000 from the author of the blog post and more than $800,000 from many others in the area. Chicago and Lake of the Ozarks, Missouri area.

The blog post explained that Dugo offered the victim a deal in which any money invested in a TV buy program would double his money.

The victim said he gave Dugo $10,000, which was all the money she had saved, and Dugo did not return his money.

Ricky Dugo’s wife, Shannon B. Dugo, was charged with criminal perjury in January 2021 for allegedly lying to a grand jury while under oath in December 2019.

Shannon Dugo was found not guilty of the charge at a trial in October, according to court records.

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