A Towson man and two co-conspirators from Texas allegedly engaged in a $364 million Ponzi scheme to fund a “lavish lifestyle” that included buying fancy houses and more than 20 luxury cars, according to a federal indictment unsealed Tuesday night. Kevin B. Merrill of Towson and Jay B. Ledford of Texas each face up to 262 years in federal prison. Cameron Jezierski of Texas also faces up to 120 years. Altogether they face 14 charges related to the scheme for wire fraud, identity theft and money laundering…
from https://www.bizjournals.com/baltimore/news/2018/09/19/towson-man-indicted-in-364-million-ponzi-scheme.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/178254314687
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