Maryland man sentenced for $396 million Ponzi scheme

BALTIMORE (AP) — A federal judge has sentenced a Maryland man to 22 years in prison for fraud and conspiracy in a $396 million investment scheme that stole from people as far as Singapore.
The judge handed down the sentence for 54-year-old Kevin B. Merrill on Thursday. The day before, Amanda Merrill admitted in a guilty plea to trying to hide her husband’s cash during a federal investigation into his Ponzi scheme. She’s scheduled to be sentenced in January.
Prosecutors said it&