East St. Louis, Ill. – Douglas J. Kiffmeyer, 45, of Granite City, Illinois, pleaded guilty today to 

a 17-count federal indictment that charged wire fraud, failure to file individual and corporate 

income tax returns, and money laundering.

Kiffmeyer held himself out to the public as a retirement planner, financial consultant, and tax 

advisor. He operated businesses under the names of Modern Retirement Professionals and Kiffmeyer 

Tax Advisory Group, Inc. He solicited funds from clients for personal investments and made personal 

expenditures with investor funds that totaled approximately $1.5 million. Very little of the 

investor funds were ever used for their intended purpose, with most of the funds going to pay for 

Kiffmeyer’s personal expenses. None of the money received was reported by Kiffmeyer as income to 

the corporation or as personal income to the Internal Revenue Service.

Sentencing is scheduled for Nov. 10, 2020. The charges against Kiffmeyer were the result of an 

investigation conducted by the Illinois Securities Department and the Internal Revenue

Service Criminal Investigation division.