PHILADELPHIA — A Montgomery County man is facing federal fraud charges for an alleged scheme to defraud investors in his company and to defraud the state of Rhode Island.
David Dinenberg, 54, of the Penn Wynne section of Lower Merion Township, was charged in U.S. District Court in Philadelphia with securities fraud and four counts of wire fraud, according to U.S. Attorney David Metcalf.
If convicted of the charges, Dinenberg faces a maximum possible sentence of 20 years in prison on the securities fraud charge and 20 years in prison on each of the wire fraud charges…