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FBI and United States Attorney for District of Maryland Seeking Victims of “1st Million Dollars” Ponzi Scheme

The FBI and the United States Attorney for the District of Maryland are seeking to identify potential victims who may have been defrauded through an investment company called The Smart Partners LLC. Starting in 2017 until May 2019, Smart Partners was doing business as “1st Million Dollars,” or “1st Million,” headquartered in Largo, Maryland, but solicited investments from victims in Texas, Georgia, New York, Florida, and potentially other locations. It is alleged that Dennis Jali, John Frimpong, and Arley Johnson, who have all been arrested, recruited victims to invest in 1st Million by holding promotional events at upscale hotels and event spaces, attending church-sponsored events intended to target investments from churchgoers, and representing themselves as religious men more interested in the philanthropic financial freedom of others than personal financial gain. The defendants allegedly presented themselves as pastors and told prospective investors that 1st Million’s work was in furtherance of God’s mission as it helped churches and their members achieve personal wealth and financial freedom. The indictment alleges that the defendants persuaded or attempted to persuade investors to provide them with wire transfers, checks, and cash totaling more than $28 million, from numerous victims, under the fraudulent pretense of investing in the foreign exchange and cryptocurrency […]

The post FBI and United States Attorney for District of Maryland Seeking Victims of “1st Million Dollars” Ponzi Scheme appeared first on Southern Maryland News Net.

Source: https://smnewsnet.comNew feed

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