Three Men Charged With $345 Million Ponzi Scheme

Authorities filed civil and criminal fraud charges against three men on allegations that they masterminded "one of the largest Ponzi schemes ever charged in Maryland" that raised at least $345 million from hundreds of investors nationwide.  Kevin B. Merrill, 53, Jay B. Ledford, 54,  and Cameron Jezierski, 27, were the subject of an emergency enforcement action filed by the Securities and Exchange Commission that included a request for an asset freeze and appointment of a receiver.  The trio also face fourteen criminal charges, including mail fraud, wire fraud, money laundering, and conspiracy, and identity theft charges.  If convicted of all charges, each could face dozens of years in prison. According to authorities, the trio operated a number of entities including Defendants Global Credit Recovery, LLC; Delmarva Capital, LLC; Rhino Capital Holdings, LLC; Rhino Capital Group, LLC; DeVille Asset Management LTD; and Riverwalk Financial…

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