The co-founder and director of the now defunct Results OneFinancial LLC has been ordered by a federal court in Chicago torestore more than $1.2 million to four pension plan client accountsfrom which he allegedly withdrew funds from 2005 through 2009, inviolation of the Employee Retirement Income Security Act.

The U.S. Department of Labor conducted an investigation andfiled a lawsuit against Steven Salutric alleged that he misdirectedthe assets of client plans to entities in which he had an interest,including a film distribution company, a restaurant, a real estatepartnership and to a church where he served as treasurer.

“It is particularly egregious when those entrusted withprotecting workers’ retirement assets jeopardize them by committingillegal acts for personal gain,” said Secretary of Labor HildaSolis. “The Labor Department is committed to taking all necessaryactions to ensure that workers’ hard-earned income and benefits areprotected. America’s workers deserve and are entitled to keep whatthey have rightfully earned for themselves and their families.”

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