‘Morally Bankrupt’: Investors React to Daryl Heller’s Guilty Plea in $402M Scheme
Prosecutors said he raised about $770 million from 2,700 investors and used new money to pay earlier backers.
5 Articles
5 Articles
‘Morally bankrupt’: Investors react to Daryl Heller’s guilty plea in $402M scheme
Two investors in now-disgraced Lancaster County businessman Daryl Heller’s ventures talked Monday about the damage done to the wider community, how they came to believe in the opportunities and what they hope happens next.
A Lancaster County man pleaded guilty to fraud after the feds accused him of running a $400 million Ponzi scheme
Daryl Heller deceived about 2,700 investors, prosecutors said, taking new investments and using the money to pay back old debts until the cash ran out.
Heller Pleads Guilty in $770M ATM Fraud; $402M Unpaid
Daryl F. Heller has pleaded guilty to securities fraud after admitting that money raised for ATM and cryptocurrency kiosk investments was diverted to earlier investors, personal expenses and debts across businesses he controlled. The 56-year-old Pennsylvania resident raised approximately $770 million between 2017 and 2024, while investors were left with about $402 million in unpaid principal when the operation failed, according to the U.S. Attor…
Ponzi clawbacks cut in half
The amounts being clawed back from investors who were “winners” in an alleged $300-million Ponzi scheme are being slashed almost in half from initial estimates, after those “winners” were given an opportunity to dispute the initial calculations of bankruptcy trustee PricewaterhouseCoopers Inc. (PwC). In June 2025, the Supreme Court of British Columbia ruled that investors who were “winners” in the Ponzi scheme that was carried out through My Mor…
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