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74-Year-Old Sentenced Over $50 Million Ponzi Scheme That Lasted 30 Years
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74-Year-Old Sentenced Over $50 Million Ponzi Scheme That Lasted 30 Years
A 74-year-old New York tax preparer and insurance salesman who spent decades presenting himself as a trusted financial figure in his community is now facing prison after prosecutors said he operated a $50 million Ponzi scheme that quietly stretched across more than 30 years. Miles Burton Marshall pleaded guilty to grand larceny, securities fraud under the Martin Act, and scheme to defraud charges tied to what authorities described as a long-runn…
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