How do you keep a $770 million scam afloat for years? Smoke, mirrors, and a stunning lack of regulatory oversight. But the curtain finally dropped as the SEC and DOJ charged Daryl Heller, a Lancaster County businessman, for running what’s n...
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SEC Charges Pennsylvania Man in $770 Million Ponzi Scheme
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Subscribe08 SEP 2025 / SEC UPDATES
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Businessman Daryl Heller has been charged by the SEC and DOJ for running a Ponzi Scheme worth $770 million that defrauded approximately 2,700 investors through Prestige Investment Group and Paramount Management Group. The case, which led to $402 million in investor losses, reveals a significant gap in regulatory oversight and has spurred a joint SEC-CFTC pledge for improved vigilance to prevent similar frauds in the future.
How do you keep a $770 million scam afloat for years? Smoke, mirrors, and a stunning lack of regulatory oversight. But the curtain finally dropped as the SEC and DOJ charged Daryl Heller, a Lancaster County businessman, for running what’s n...
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