Atty-Duping Scammer Gets 22 Years In $396M Ponzi Scheme
Law360 (October 10, 2019, 10:45 PM EDT) -- A Maryland man who pled guilty to scamming investors including lawyers, bankers, investment advisers and professional athletes in a $396 million scheme offering high returns on consumer debt was sentenced Thursday to 22 years in federal prison and to pay at least $190 million in restitution.
Kevin B. Merrill, 54, was sentenced in Maryland federal court. U.S. District Judge Richard D. Bennett ordered him to pay the full amount of his victims' losses, but that amount hasn't yet been determined, the U.S. Department of Justice said Thursday.
Merrill, who was allegedly head of the operation, pled guilty to wire fraud and conspiracy in...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!