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New York Tax Preparer Charged in $50M Fraud Scheme
News June 12, 2025 at 03:13 PM
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What You Need To Know
- Miles Burton Marshall, who is also an insurance agent, has been charged with running a $50 million Ponzi scheme over a decade.
- Marshall solicited his tax and insurance clients to invest tens of millions into his so-called Eight Percent Fund, according to prosecutors.
- He falsely represented the profitability of his real estate business, claiming it was so profitable that he could promise investors 8% yearly returns, according to prosecutors.
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