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Lancaster Businessman Charged in $770 Million Ponzi Scheme

9/4/2025

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Summary

Story summary

Daryl Heller, a Lancaster businessman, is charged with securities and wire fraud for a $770 million Ponzi scheme, resulting in $402 million in investor losses.
The U.S. Attorney's indictment alleges Heller misused investor funds for personal expenses and provided false reports.
Heller faces multiple lawsuits and has proposed a bankruptcy plan to settle $825 million in claims by selling his businesses over ten years.

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Story summary

Daryl Heller, a Lancaster businessman, is charged with securities and wire fraud for a $770 million Ponzi scheme, resulting in $402 million in investor losses.
The U.S. Attorney's indictment alleges Heller misused investor funds for personal expenses and provided false reports.
Heller faces multiple lawsuits and has proposed a bankruptcy plan to settle $825 million in claims by selling his businesses over ten years.