Chicago Freight Company Owner Charged in $4M Wire Fraud and Money Laundering Case

Key Details Radd Naser, 41, owner of an Orland Park, Illinois freight transport company, was indicted on May 6, 2026 on eleven counts of wire fraud and four counts of money laundering. He pleaded not guilty at his arraignment in U.S. District Court in Chicago. Why It Matters Naser allegedly orchestrated two separate fraud schemes that defrauded victims of over $4 million combined. Between 2019 and August 2022, he submitted false freight invoices to an Elkhart, Indiana trailer axle manufacturer, collecting $3 million for services never provided. Additional Charges A second scheme involved selling bakery franchises to an unsuspecting buyer after fraudulently inflating their value. Authorities say Naser laundered his illegal proceeds by purchasing luxury vehicles including a Lamborghini Huracan, BMW M8 Gran Coupe, and Cadillac Escalade. Investigation Details The indictment was announced jointly by the U.S. Attorney's Office for the Northern District of Illinois, the FBI Chicago Field Office, and the U.S. Postal Inspection Service. The case serves as a reminder of the importance of invoice verification and due diligence in freight transportation contracts.