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

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

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

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

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

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

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

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

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

A Walkersville man charged in an alleged Ponzi scheme is seeking postponement of his trial in U.S. District Court in Baltimore. A hearing is set for Tuesday afternoon. Defendant Larry Parrish is requesting copies of emails in which he allegedly ...

Tagged with: crime fraud Law legal news ponzi scheme U.S. District Court