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Man gets 30 months in prison for role in $20M Ponzi scheme
GREENBELT — A Maryland man has been sentenced to more than two years in prison for his role in a Ponzi scheme that defrauded investors out of more than $20 million. U.S. District Judge Paula Xinis on Wednesday sentenced 53-year-old Bradley Mascho, of Frederick, to 30 months in federal prison. U.S. Attorney Robert Hur’s office […]
Woman appeals 20-year prison sentence for Ponzi scheme
A Maryland investment adviser is appealing her conviction and 20-year prison sentence for defrauding investors out of millions of dollars, some of which she spent on astrological gems, cosmetic medical procedures and religious rituals in India.
Jury conjures guilty verdict in Maryland woman’s fraud trial
An investment adviser was convicted Wednesday of charges she defrauded investors out of millions of dollars, some of which she used to pay more than $800,000 for prayers by Hindu priests in India to ward off federal investigators.
Jury deliberating in fraud trial of Ponzi scheme suspect
GREENBELT — A federal jury began deliberating Tuesday in the trial of an investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme to finance her lavish lifestyle, including spending more than $800,000 for prayers by Hindu priests in India. At the end of Dawn Bennett’s trial on fraud charges, a prosecutor said the 56-year-old Maryland […]
Ponzi scheme suspect paid $720K for prayers amid SEC probe
An investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme spent nearly three-quarters of a million dollars on prayers by Hindu priests in India to ward off a federal investigation and save her failing business, according to testimony at her trial this week.
Court filings: Md. woman tried to place ‘voodoo spell’ on lawyers investigating her
A federal investigation into allegations Dawn J. Bennett was running a $20 million Ponzi scheme took a strange turn earlier this month after authorities searched her Chevy Chase penthouse. There, FBI agents found written directions and materials to be used to cast a “voodoo spell” on the U.S. Securities and Exchange Commission lawyers looking into […]
