⏱ 2 min read
Daryl F. Heller, a 56-year-old man from Lititz, Pennsylvania, has pleaded guilty to running a massive investment fraud scheme that swindled investors out of approximately $402 million in unpaid principal. The scheme, which operated from January 2017 to December 2024, involved Heller soliciting around $770 million from investors across the country, promising them monthly payments for six to seven years. Heller controlled several companies, including Paramount Management Group, LLC, which claimed to purchase, install, and operate ATMs and cryptocurrency teller machines.
Heller’s companies, including Prestige Investment Group, LLC, and Heller Capital Group LLC, managed the operations of over two dozen other companies, all of which were part of the fraudulent scheme. Investors were told that their money would be used to purchase and operate ATMs and BTMs, and that they would receive monthly payments funded by the operation of these machines. However, a substantial amount of the funds obtained from investors were not used for their intended purpose.
Heller’s guilty plea was entered before United States District Judge Catherine Henry. The case was investigated by the FBI and prosecuted by the United States Attorney’s Office for the Eastern District of Pennsylvania. The guilty plea marks a significant victory for law enforcement in the fight against white-collar crime.
The investment fraud scheme was complex and widespread, with investors from all over the country losing millions of dollars. The scheme’s collapse has left many investors reeling, and the guilty plea is a step towards justice for those affected. Heller’s sentence has not been announced, but he faces significant prison time for his role in the scheme.
📋 Key Facts
- Crime: White Collar Crime
- Defendant: Pennsylvania
- Location: PA
- Source: DOJ Press Release
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