Leaders of fake financial firm charged

According to U.S. prosecutors, there wasn’t much truth to any claims made by Gryphon Holdings, a firm that claimed international offices, billions in a hedge fund and a string of super-star employees. “Instead … it is alleged the operation was run by shysters, led by 43-year-old Kenneth Marsh,” says the Australian Herald Sun. Marsh and 13 co-defendants have been charged with wire fraud and conspiracy to commit securities fraud. They face up to 20 years in prison if convicted.

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