June 2, 2021
Comments Off on Even after Madoff’s death, work to unwind epic fraud goes on
Epic Ponzi scheme mastermind Bernard Madoff is dead. But the effort to untangle his web of deceit lives on.
Tagged with: bernie madoff fraud ponzi scheme
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October 11, 2019
Comments Off on Maryland man sentenced for $396 million Ponzi scheme
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
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May 16, 2019
Comments Off on 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
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December 5, 2018
Comments Off on 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
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October 12, 2018
Comments Off on 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
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September 19, 2018
Comments Off on 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
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December 18, 2017
Comments Off on 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 »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 »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 »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
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