Local man charged in $40 million fraud scheme – Washington Daily News

Washington man Marquis Demacking Egerton (also known as Mardy Eger), 58, was charged earlier this year for conspiracy to commit wire fraud and money laundering, and related charges, as part of a sophisticated scheme to steal assets from investors, according to the U.S. Attorney’s Office for the Department of Justice in the Eastern District of New York. Egerton and his accomplices were arrested on March 8, 2022

Egerton along with Dwayne Golden and Gregory Aggesen face 11 counts. They owned and operated the web-based virtual currency companies EmpowerCoin, ECoinPlus and Jet-Coin. Golden, Aggesen and William White have also been charged with conspiracy to obstruct justice, obstruction of justice and tampering with evidence, according to the US Attorney’s Office.

According to the indictment, between April 2017 and August 2017, Egerton along with Golden and Aggesen managed the aforementioned virtual currency companies. The companies’ websites “falsely promised investors and potential investors that these returns were made possible through offshore virtual currency trading operations. Investors and potential investors were encouraged to invest in the companies with cash or bitcoin. In reality, the assets were used to pay off other investors or simply stolen, including by Golden, Aggesen and Egerton.

“Golden maintained exclusive access to Bitcoin and often siphoned off Bitcoin funds before paying investors. The companies collapsed shortly after receiving the assets from the investors, without engaging in any business activity,” the indictment states. Fraudulent companies raised over $40 million from investors.

Separately, Golden Aggesen and White were accused of obstructing a Federal Trade Commission investigation from July 2017 to present. “Golden, Aggesen, and White allegedly destroyed evidence, and White, on behalf of Aggesen, provided false and misleading information to the FTC and in response to a subpoena to appear before a federal grand jury,” according to the indictment. ‘charge.

If convicted, Egerton, Golden, Aggesen and White face up to 20 years in prison.

Breon Peace, United States Attorney for the Eastern District of New York, and Michael J. Driscoll, Deputy Director in Charge of the Federal Bureau of Investigation at the New York Field Office (FBI) announced the arrests and charges.

“As alleged, the defendants engaged in a sophisticated scheme that preyed on unsuspecting investors nationwide with false promises of guaranteed returns and virtual currency trading opportunities. When the companies collapsed and their criminal conduct was about to come to light, the defendants attempted to cover their tracks and destroy the evidence,” U.S. Attorney Breon Peace said in a Department of Justice press release. Justice. “The scams may have been online and virtual, but these accusations are very real. This office is committed to protecting the public from criminals who view cryptocurrency as a new frontier to perpetrate old-fashioned crimes of fraud and money laundering.

“Whether it’s virtual currency or cash, schemers continue to capitalize on investors’ best intentions and pocket their ill-gotten gains,” FBI Deputy Director Driscoll said. “As alleged, those charged today defrauded their victims and generated over $40 million for their own benefit. This office remains committed to eradicating fraud in all its forms.

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