A businessman accused of stealing more that $50 million from hundreds of people in upstate New York as part of a massive Ponzi scheme pleaded guilty Tuesday to charges stemming from the fraud, according to the state attorney general.
Miles “Burt” Marshall faces four to 12 years in prison after pleading guilty to second-degree grand larceny, securities fraud and first-degree scheme to defraud, according to attorney general's office, which secured an indictment against him last summer.
