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A federal judge has sentenced a Maryland man to 22 years in prison for fraud and conspiracy in a $396 million investment scheme that stole from people as far as Singapore.
Tagged with: Amanda Merrill Kevin Merrill ponzi scheme
Read More »Towson man pleads guilty in Ponzi scheme
A Towson man is facing 40 years in prison after pleading guilty in federal court Thursday to his role in a $550 million Ponzi scheme. Kevin B. Merrill, 53, pleaded guilty to conspiracy and wire fraud in connection with a ...
Tagged with: kevin b. merrill ponzi scheme U.S. District Court in Baltimore wire fraud
Read More »Defendant in $364 million Ponzi scheme case seeks dismissal of SEC charges
One of the defendants charged criminally in a $364 million Ponzi scheme is asking a federal judge to dismiss the Securities and Exchange Commission civil complaint or transfer the case to a different court. Jay B. Ledford is one of ...
Tagged with: motion to dismiss ponzi scheme securities and exchange commission U.S. District Court in Baltimore
Read More »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.
Tagged with: Bradley Mascho Dawn Bennett Dennis Boyle DJBennett fbi Paula Xinis ponzi scheme securities and exchange commission voodoo
Read More »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 ...
Tagged with: fbi fraud ponzi scheme SEC us attorney
Read More »Judge finds $700K in conveyances from Ponzi scheme fraudulent
The first of a series of trials to return funds to investors in a real estate development Ponzi scheme yielded $697,000 last week.
Tagged with: Baltimore County Circuit Court fraud ponzi scheme Verdicts and Settlements
Read More »Md. man sentenced to 9 years in Ponzi scheme
A Walkersville man has been sentenced to nine years in prison in a $9.2 million Ponzi scheme.
Tagged with: crime legal news maryland ponzi scheme walkersville
Read More »Madoff’s right-hand man takes stand in NYC trial
NEW YORK — The modest office at 110 Wall Street didn’t look special, but it was the breeding ground of Bernard Madoff’s $17 billion Ponzi scheme, says longtime employee Frank DiPascali. Madoff “would very loudly proclaim” that he had made ...
Tagged with: bernard madoff crime ponzi scheme
Read More »TD Bank, accused of failing to report Ponzi scheme, pays $52.5M to settle
WASHINGTON — TD Bank is paying $52.5 million to settle U.S. civil charges after regulators accused the bank of failing to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme. The Securities and Exchange Commission and the ...
Tagged with: Banks crime fraud Law legal news ponzi scheme SEC securities and exchange commission td bank washington
Read More »Walkersville man pleads guilty to Ponzi scheme
A Walkersville man faces up to 20 years in prison after pleading guilty to a $9.2 million Ponzi scheme. The Frederick News-Post reports that 49-year-old Larry Parrish pleaded guilty to wire fraud Tuesday in U.S. District Court in Baltimore. Prosecutors ...
Tagged with: crime Law legal news ponzi scheme U.S. District Court
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