SECURITIES FRAUD - PONZI SCHEME

Victims Of Nationwide Fraud Scheme Being Sought
January 1, 2013 to September 2018

Download Poster

Images


Details:

The FBI is seeking to identify potential victims who may have been defrauded through five investment companies: Global Credit Recovery (GCR), Delmarva Capital, and Rhino Capital in Maryland, and DeVille Asset Management and Riverwalk Financial Corporation in Texas.  It is alleged that Kevin Merrill and Jay Ledford, who have both been arrested, persuaded individuals and corporate entities to invest more than $364 million in purported consumer debt portfolios.   Analysis has revealed financial activity consistent with a Ponzi scheme in which both Merrill and Ledford allegedly diverted substantial amounts of investor funds for personal use and to pay back earlier investors.  To date, more than 400 victims, both individual and corporate entities, and investments of approximately $364 million have been identified.

 

Submit a Tip:

If you have any information concerning this case, or if you believe you are a victim or may have been affected by these alleged crimes, please complete this brief questionnaire. Your responses are voluntary, but would be useful in the federal investigation and to identify you as a potential victim. You may be contacted by the FBI and asked to provide additional information.

The FBI is legally mandated to identify victims of federal crimes that it investigates and provide these victims with information, assistance services, and resources. If you have any questions regarding this questionnaire or resources for victims, please email MerrillLedford@fbi.gov. Your patience is appreciated as we respond to each message.

You may also contact the Baltimore Office of the FBI at (410) 265-8080, your local FBI office, or the nearest American Embassy or Consulate.

Field Office: Baltimore

Submit an anonymous Tip online