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Wife of ponzi scheme perpetrator pleads guilty to federal charges

Posted at 7:56 PM, Oct 09, 2019
and last updated 2019-10-09 19:56:54-04

TOWSON, Md. — The wife of a ponzi scheme perpetrator has pleaded guilty to the federal charge of conspiracy to remove property to prevent seizure, obstruct justice, and disobey court orders.

According to her plea agreement, in September 2018, Amanda Merrill’s husband, Kevin Merrill, was indicted on federal charges of conspiracy to commit wire fraud, identity theft, money laundering conspiracy, and money laundering, in connection with a $394 million Ponzi scheme.

The indictment included a forfeiture of $39 million, six real estate properties, 25 cars, a boat, an interest in an aircraft, an insurance policy and jewelry. The properties to be forfeited also included the Merrills’ residence in Towson and a home on Spyglass Lane in Naples, Florida.

According to the plea agreement, at sentencing the government will recommend that Merrill serve 12 months on electronic home monitoring with work release and restitution.