Wife of Towson Ponzi schemer admits she attempted to conceal his money from courts as luxurious lifestyle crumbled
The spouse of Towson Ponzi schemer Kevin Merrill pleaded accountable Wednesday to a single conspiracy that is federal, admitting she attempted to conceal their money to avoid the federal government from using it.
Amanda Merrill, 30, pleaded responsible in U.S. District Court in Baltimore to conspiring to eliminate obstruct and property justice, a felony. She was caught emptying money from a safe in her own husband’s $11 million holiday house on Florida’s Gulf Coast.
A mom to two young kids, she talked softly and dabbed her eyes by having a muscle.
“How do you realy plead?” U.S. District Judge Richard Bennett asked.
“Guilty,” she said.
Her plea brought an additional conviction within the fraud that is sweeping money-laundering instance against her spouse of almost four years. Kevin Merrill, 54, admitted to swindling investors from since far as Singapore in an enhanced, six-year cheat. Federal prosecutors state he performed one of the greatest Ponzi schemes in Maryland history. They calculated his investors destroyed $189 million.
Outside of the courtroom, U.S. Attorney for Maryland Robert Hur called Kevin and Amanda Merrill “wealthy, privileged those who are wanting to beat the machine.”
federal Government attorneys aided by the U.S. Securities and Exchange Commission had filed restraining requests to bar her from her husband’s assets after he had been arrested year that is last.