Money

74-Year-Old Businessman Pleads Guilty in Decades-Long Ponzi Scheme

74-Year-Old Businessman Pleads Guilty in Decades-Long Ponzi Scheme

A businessman from upstate New York has pleaded guilty to stealing $50 million from several victims in a large Ponzi scheme, according to the New York State Attorney General’s Office. 74-year-old Miles “Burt” Marshall was charged with second-degree grand larceny, securities fraud, and first-degree scheme to defraud on Tuesday. Prosecutors say Marshall may face four