The Chicagoist will be launching later but in the meantime please enjoy our archives.

Infomercial King Kevin Trudeau Remembers Swiss Bank Account After Night In Jail

By Chuck Sudo in News on Nov 19, 2013 8:40PM

Image via YouTube screengrab.

After repeatedly claiming to be “penniless and homeless” television infomercial Kingpin and convicted fraudster Kevin Trudeau revealed a hidden Swiss bank account to authorities after a night in jail at the Metropolitan Correctional Center downtown.

The discovery of the account was revealed in newly filed court papers, according to the Chicago Sun-Times. Trudeau wrote $75,000 in checks from the account on Aug. 23, weeks after U.S. District Judge Robert Gettleman warned him not to move any money around. Most of the money went to longtime Trudeau business associate Lee Kenny, believed by the Federal Trade Commission to be helping Trudeau hide his assets overseas.

Trudeau “remembered” the account Sept. 20, coincidentally the same day Gettleman ordered him locked up for contempt of court in an attempt to force him to reveal where his assets were hidden. Trudeau was fined $38 million in 2007 for making false claims in his infomercials about his book Natural Cures “They” Don’t Want You To Know About; Trudeau hasn’t paid a dime toward that fine.

Court-appointed receiver Blair Zanzig said he was unaware of the checks Trudeau wrote on the account until the Swiss bank informed him last week. Trudeau was found guilty last week of criminal contempt of court in a separate case related to the claims he made in his weight loss book. The rest of Trudeau’s assets are still unaccounted for.