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U.S. Attorney charges 3 in $364M Ponzi scheme

Three men accused of defrauding hundreds of investors in a $364 million Ponzi scheme were arrested Tuesday and charged with wire fraud and money laundering. The U.S. Attorney's Office in Baltimore announced the arrests Wednesday and unsealed a 14-count indictment handed down last week charging Kevin B. Merrill, of Towson, and Jay B. Ledford and Cameron ...

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