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Did Elmhurst firm raid pensions? EBSA, SEC want to know

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in Employee Benefits Program

Elmhurst-based Results One Finan­cial and its co-founder Steve Salutric face charges of diverting more than $1 million from pension funds it managed.

According to a suit filed by the Employee Benefits Security Admin­is­tration (EBSA), Salutric diverted pension funds into companies in which he had an interest.

Salutric’s alleged scam also attracted the attention of federal financial regulators. Earlier this year, his assets were placed in the hands of a court-appointed receiver as the result of a Securities and Exchange Commission (SEC) lawsuit.

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