For three decades, Miles Burton Marshall did taxes for his neighbors in Hamilton, New York, and sold them shares in something he called the Eight Percent Fund. On June 11, 2026, a judge entered $85 million in judgments against him for 988 people who thought they had savings.
Richard Cody ran a twelve-year deception against retired clients in Massachusetts, sending them monthly deposits and fabricated tax forms while their retirement accounts emptied. He pleaded guilty. Two of his clients had nothing left.
Vincent Camarda built A.G. Morgan Financial Advisors in a Massapequa storefront and steered at least $138 million of his clients' retirement money into a Philadelphia Ponzi, a western mining bet, and his son's coffee startup. On April 3, 2026, he pleaded guilty.