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Prosecutors: Ponzi schemer tried telling wife to hide cash

(JanPietruszka / Depositphotos.com)

(JanPietruszka / Depositphotos.com)

Prosecutors say a Baltimore-area man charged in a $364 million investment scheme planned to tell his wife to drink the “good wine,” stash cash and hide and sell his valuables.

The Baltimore Sun reports 53-year-old Kevin Merrill of Towson is accused of trying to flash 30-year-old Amanda Merrill a note with the instructions. Prosecutors say he was headed to a jailhouse visit with his wife when guards found the note in his sock.

Prosecutors revealed the note in conspiracy, obstruction and other charges filed last month against Amanda Merrill. Her attorney declined to comment.

U.S. Attorney Robert Hur previously said the scheme entrapped more than 400 victims nationwide. A federal judge had issued a restraining order barring Merrill from selling his sports cars, mansions and designer clothes. He’s pleaded not guilty.


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