Crime, Police/Fire

Maryland fraudster sentenced to more than 9 years in prison for his role in $28 million ‘1st Million Dollars’ Ponzi scheme

GREENBELT, MD—A Maryland man has been sentenced to prison for his role in a massive Ponzi scheme. U.S. District Judge Theodore D. Chuang has sentenced John Erasmus Frimpong, 42, of Upper Marlboro, to 114 months in federal prison, followed by three years of supervised release, for conspiracy to commit wire fraud, conspiracy to commit securities fraud, and securities fraud, in …


Crime

Maryland man sentenced to more than six years in prison for his role in $28 million Ponzi scheme

GREENBELT, MD—A Maryland man has been sentenced to more than six years in federal prison for his role in a $28 million Ponzi scheme involving “1st Million Dollars” wealth management company. U.S. District Judge Theodore D. Chuang sentenced Arley Ray Johnson, 63, of Bowie, to 78 months in federal prison, followed by three years of supervised release, for conspiracy, wire …


Maryland man convicted for his role in $28 million Ponzi scheme

GREENBELT, MD—A federal jury in Maryland has convicted Arley Ray Johnson, 63, of Bowie, on charges of conspiracy, wire fraud, and securities fraud, in connection with a $28 million Ponzi scheme involving 1st Million, a purported wealth management and financial literacy company. Johnson was convicted after a 10-day trial. The conviction was announced by United States Attorney for the District …