Man gets 30 months in prison for role in $20M Ponzi scheme
Grow your business with help from top SEO experts in Maryland GREENBELT, Md. (AP) — A Maryland man has been sentenced to more than two years in prison for his role in a Ponzi scheme that defrauded investors out of more than $20 million. U.S. District Judge Paula Xinis on Wednesday sentenced 53-year-old Bradley Mascho, of Frederick, to 30 months in federal prison. U.S. Attorney Robert Hur’s office said in a news release that the judge also ordered Mascho to pay nearly $5 million in restitution. In July, Xinis sentenced 56-year-old investment adviser Dawn Bennett to 20 years in prison for participating in the same fraud scheme. Jurors heard testimony that Bennett used investors’ money to buy astrological gems and cosmetic medical procedures and to pay more than $800,000 for prayers by Hindu priests in India to ward off federal investigators while her business was collapsing. An FBI agent’s affidavit said investigators found evidence in Bennett’s home that she tried to silence U.S....