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IPFS News Link • Crime

Maryland Ponzi Scheme Goes Bust, People Jailed;

• by Tyler Durden

Several people from Maryland have been jailed for their role in a multi-million-dollar Ponzi scheme that defrauded investors, reported The Baltimore Sun.

U.S. District Judge Paula Xinis recently sentenced Bradley Mascho, 53, of Frederick, to 2.5 years in federal prison.

U.S. Attorney Robert Hur's office told the press that Mascho had been ordered by the court to pay $5 million in restitution.

In July, Xinis sentenced investment adviser Dawn Bennett, 56, to 20 years of federal prison for her role in the scheme.

Jurors during the two-week trial heard testimony that Bennett used investors' money to buy astrological gems and cosmetic medical procedures. She even paid Hindu priests in India more than $800,000 to ward off federal investigators while the Ponzi scheme imploded.