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April 17, 2008

1515 North Harlem Avenue, Oak Park, Illinois the location that
Mr. Anthony B. Phillips had his office.
© photo by Suburban Journals of Chicago Inc.

Anthony B. Phillips was convicted of all charges in the indictment. Mr. Phillips chose not to appear in court to face
either the Judge, the Jury, or those he was convicted of
stealing from. He still held the belief that his soul could not
be judged by this court at this time.

The Judge will pass sentence this July and Mr. Phillips will remain in Federal Custody until that time.

UPDATE

<>The verdict was guilty on 7 counts of mail fraud and 2 counts
of money laundering. He will be sentenced on July 2, at 2:00pm. Each mail fraud count carries a 2o year prison sentence and a fine. Each money laundering count carries a
10 year prison sentence and a fine that can be as high as twice the amount of the criminally derived property. The criminally derived property was $2,930,896 in this case. There have not been any additional court filings on Phillips' behalf at this point.

April 15, 2008

At the end of the day yesterday a jury had been chosen
for the trial of Anthony B. Phillips and he was returned to
the lock up for the day. Mr. Phillips has declared that
the court has no right to hear his case and that he can
only be judged by a higher court, perhaps God.

Mr. Phillips has already had a competency hearing from
early positions taken to the legal system. He passed the
competency and was declared fit for trial.

April 14, 2008

This morning at 11:30am jury selection began on this case.
An Oak Park businessman who has been charged with
using a sham investment scheme to bilk investors out of approximately $2.9 million is being heard in Judge James Zagel's court. Among his victims was a pastor and church. Phillips was indicted on money laundering and wire fraud charges. IRS- Criminal Investigation developed the case
on Phillips.

Oak Park Businessman on Trial for Bilking Millions from Investors

According to the attached indictment, Anthony B. Phillips operated 3 companies at 1515 N Harlem Avenue in Oak Park, Illinois: C.B.A's Enterprises, DC International and Small Business Connections. From 1997 until about July 2003, Phillips caused over 70 people to give him approximately $2.9 million to invest based on Phillip's false statements and promises that their money would be invested in high interest earning ventures.

Phillips made these false statements to potential investors knowing that most of the funds would not be invested. Phillips did not disclose to investors that he was the sole shareholder of DC International, and that he operated the company primarily for his own personal benefit.

Phillips misrepresented to investors he would invest their money in corporate bonds. He knew he had no ability to purchase corporate bonds. He provided investors with false documents, reporting that their investments were soundly invested in bonds, but he knew that the bonds were worthless.

His victims: 1 invested more than $200,000, another invested $61,000, a pastor and church invested $100,000 and yet another victim invested $100,000. The church did receive a $26,000 payment, but Phillips never returned the principal or paid the interest he had promised.

What did Phillips do with the money he received from investors? On page 7 of the indictment, the disposition of the money is listed: recreation, air travel, his children's education and payments to himself and family members.

In 2000, he purchased a home in South Holland. In 2001,
he purchased a $48,000 Mercedes Benz S 500.

Phillips is representing himself at this trial.

Phillips Indictment