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Lancaster County businessman, faces charges of securities and wire fraud in Ponzi scheme
Darrell Heller promised 25% returns from ATM investments but used $185 million for personal expenses, defrauding 2,700 investors of $770 million in a multi-year Ponzi scheme.
4 Articles
4 Articles
Feds charge Daryl Heller with securities, wire fraud for ATM investment scheme
The federal government charged Daryl Heller with securities and wire fraud on Wednesday, saying he used his Lancaster-based ATM network into a scheme that cost investors $402 million.
Lancaster County businessman, faces charges of securities and wire fraud in Ponzi scheme
The federal indictment alleges that Heller and others solicited about $770 million from investors under the false premise that the money would be used by Paramount to purchase ATMs, with investors receiving monthly payments.
Pennsylvania Man and Two Companies Charged in $770 Million Ponzi Scheme
A Pennsylvania man allegedly ran a multi-year Ponzi scheme that he claimed was an ATM business, resulting in $400 million in investor losses, according to federal authorities. The Securities and Exchange Commission alleges that from January 2017 through June 2024, Daryl F. Heller of Lititz, Pa., operated Prestige Investment Group, LLC, and Paramount Management Group, LLC, both based in Lancaster, Pa., and raised more than $770 million from about…
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