A man is accused of operating a $3.8 million Ponzi scheme that left dozens of investors with major financial losses, Pennsylvania Attorney General Dave Sunday announced on Monday, June 29.
Richard L. McNeil, 59, of Norristown, allegedly convinced people to invest money by promising steady monthly returns and the full repayment of their principal at the end of the investment term, according to the attorney general.
Instead, investigators say McNeil never invested the money as promised…