Towson Man Indicted In $364 Million Ponzi Scheme

BALTIMORE, Md. (WJZ) — Federal officials announced Wednesday the indictment and arrests of three people, including a Maryland man, involved in one of the largest ponzi schemes ever charged in the DC region.
A federal indictment states that from January 2013 to the present day, Kevin B. Merrill of Towson, along with Jay B. Ledford, and Cameron R. Jezierski willingly devised a scheme to defraud investors of more than $364 million through false pretenses.
The men are charged with wire fr