Daryl F. Heller, Securities Fraud & Wire Fraud, Pennsylvania 2026

Grimy Times Exclusive: Daryl F. Heller, 55, of Lititz, Pennsylvania, arrested and charged in $402 million investment scheme.

PHILADELPHIA – United States Attorney David Metcalf announced today that Daryl F. Heller, 55, of Lititz, Pennsylvania, was arrested and charged by indictment with one count of securities fraud and four counts of wire fraud, arising from a fraudulent investment scheme that resulted in significant investor losses of approximately $402 million.

Heller controlled and was the majority owner of several companies based in Lancaster, Pennsylvania, including Paramount Management Group, LLC (‘Paramount’), which purchased, installed, operated, maintained, and processed transactions for automatic teller machines (‘ATMs’) in the Eastern District of Pennsylvania and throughout the country.

The indictment alleges that, from about January 2017 to December 2024, Heller solicited, and caused others to solicit, approximately $770 million from investors in the Prestige ATM Funds and WF Velocity ATM Funds investors, based on materially false and fraudulent pretenses, representations, and promises.

‘The magnitude of the offense alleged by this indictment is enormous,’ said U.S. Attorney Metcalf. ‘Daryl Heller allegedly piled lie upon lie, in order to bilk thousands of victims of their hard-earned money. This case is a prime example of the diligent and detailed work done by FBI Philadelphia’s white-collar crime branch, and the economic crimes section in our office.’

‘Complex financial fraud cases like this demand close cooperation and coordination between federal, state, and local law enforcement agencies, as well as the financial industry itself,’ added Metcalf.

Defendant Charges: Securities fraud, Wire fraud

City, State: Philadelphia, Pennsylvania

Date: Ongoing

Outcome: Currently charged, awaiting trial

Amount of Loss: Approximately $402 million

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