The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned, the U.S. Securities and Exchange Commission (SEC) and Department of Justice (DOJ) said Wednesday.
Daryl Heller and two of his companies, Prestige Investment Group and Paramount Management Group, caused investors to lose $400 million, according to the agencies.
