Three men charged with alleged $364 million Ponzi scheme in Maryland

Federal authorities in Maryland have charged three men with running a $364 million Ponzi scheme for more than five years. Kevin Merrill, Jay Ledford, and Cameron Jezierski were arrested Tuesday and charged with using 30 companies and more than 55 bank accounts to bilk hundreds of investors. "The defendants lured investors through an elaborate web of lies, duping them into paying millions of dollars into this Ponzi scheme," said U.S. Attorney Robert K. Hur of the District of Maryland in announcing the 14-count indictment, which was unsealed Wednesday.
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