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Daryl Heller hiring accounting firm to counter claims his ATM network operated as Ponzi scheme
['Chad Umble Lnp']
WITF
Daryl Heller hiring accounting firm to counter claims his ATM network operated as Ponzi schemeDan Nephin / LNP | LancasterOnlineIn his first effort to mount a defense since being criminally charged with fraud, Daryl Heller is hiring an expert to try to rebut findings that his ATM network operated like a Ponzi scheme.
Those findings were echoed in a Sept. 3 federal Securities and Exchange Commission complaint and a federal criminal indictment charging Heller with fraud.
James Vincequerra, an attorney for Heller creditor Silverview Partners, objected to Heller’s retention of a new financial services firm.
“That Mr. Heller doesn’t like the (examiner’s) report doesn’t mean that he gets to shop for an opinion from new professionals.
A criminal indictment said Heller defrauded his ATM investors of more than $400 million by operating what amounted to a Ponzi scheme.
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