PHILADELPHIA, Pa. (WHTM) — A Lancaster County businessman who was previously indicted for “a fraudulent investment scheme that resulted in investor losses of approximately $402 million” has pleaded guilty in federal court.
David Metcalf, the U.S. Attorney for the Eastern District of Pennsylvania, announced that Daryl F. Heller, 56, of Lititz, who had been charged with securities fraud last August following a lengthy investigation by authorities in relation to his business practices, finalized the plea Monday.
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Heller was the majority owner of a number of companies based in Lancaster, including Paramount Management Group, which operated a group of ATMs and cryptocurrency teller machines (BTMs) nationwide. According to Metcalf, Paramount “suddenly stopped making monthly payments to investors” in April 2024 at Heller’s direction and “went out of business” by December 2024, leaving investors with “unpaid principal amounts totaling approximately $402 million.”…