Kevin J. Mix, Wire Fraud, Illinois 2020

Kevin J. Mix, 41, of Chicago, is behind bars on federal charges for allegedly looting $5 million from the insurance company he once controlled. The former controller stands accused of orchestrating a wire fraud scheme that funneled company cash into his personal accounts and shell corporations over a 20-month span ending in June 2020.

Between October 2018 and June 2020, Mix initiated and authorized roughly 35 illegal wire transfers, diverting funds from the company’s coffers into bank accounts under his control, according to a criminal complaint filed in U.S. District Court in Chicago. Court documents detail how Mix created phony email trails, falsified internal records, and lied to company officials and bank representatives in a calculated effort to mask the theft.

The stolen money financed a high-end lifestyle. Mix allegedly used the illicit funds to purchase a Lexus RX SUV, a Mercedes-Benz automobile, and multiple real estate properties in both Chicago and Columbus, Ohio. Investigators say the assets were acquired under the names of shell companies he established solely to launder the stolen money.

Mix was arrested Tuesday and remains in federal custody awaiting a detention hearing scheduled for August 13, 2020, at 1:30 p.m. before U.S. District Judge Steven C. Seeger. He faces one count of wire fraud—a charge that carries a maximum penalty of 20 years in federal prison. If convicted, sentencing will follow federal statutes and the advisory U.S. Sentencing Guidelines.

The case was announced by John R. Lausch, Jr., U.S. Attorney for the Northern District of Illinois, and Emmerson Buie, Jr., Special Agent-in-Charge of the FBI’s Chicago Field Office. The government is being represented by Assistant U.S. Attorney Matthew Schneider, who is leading the prosecution.

A federal complaint is not evidence of guilt. Mix is presumed innocent until proven guilty in a court of law. The burden of proof remains on the government to establish guilt beyond a reasonable doubt. The investigation is ongoing, and authorities warn that financial insiders who exploit their positions will be pursued to the full extent of federal law.

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