WAMPSVILLE, N.Y. — A Madison County tax preparer and insurance agent admitted to running a Ponzi scheme that stole more than $50 million from nearly 1,000 investors.
According to the New York Attorney General’s Office, Miles Burton Marshall pleaded guilty to multiple charges after convincing clients to invest millions in his so-called “Eight Percent Fund” from the early 1990s through March 2023.
“Today, Marshall pleaded guilty to grand larceny in the second degree, securities fraud under the Martin Act, and scheme to defraud in the first degree,” according to the AG’s office…