Reported about 19 hours ago
Miles 'Burt' Marshall, a once-trusted businessman in Hamilton, NY, is facing charges for running a Ponzi scheme that defrauded nearly 1,000 investors of about $95 million. Known for his friendly demeanor and local investments, he promised returns through his '8% Fund' but ultimately mismanaged funds and used new investors' money to pay old debts. After filing for bankruptcy, many local residents, including professors and retirees, are now grappling with significant financial losses and feelings of betrayal.
Source: YAHOO