Md. man among 3 indicted in $350 million Ponzi scheme

DCW50 News


This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

MARYLAND – A federal grand jury indicted three men this week on a slew of charges for a more than 3-hundred 50 million dollar Ponzi scheme.

Officials say 53-year-old Kevin Merill, of Townson, Maryland, 54-year-old Jay Ledford, and 28-year-old Cameron Jezierski lied to investors.

They said they would use their money to buy consumer debt portfolios and make money for them, but instead duped them into paying millions of dollars.

Then, they used the money to buy high end homes, bars, and boats.

If convicted, they could face more than 20 years behind bars and serious fines.

DCW50 Exclusives

More DCW50 Exclusives

More News

More News


Latest News

More DCW50 News