He promised people big returns on their investments, but prosecutors say he left them with nothing.
A man from Montgomery County is accused of running a Ponzi scheme that duped investors out of $3.8-million-dollars.
Attorney General Dave Sunday says Richard McNeil of Norristown promised people guaranteed monthly returns, but never actually invested the money.
Some early investors did get pay-outs, but prosecutors say most of his investors got nothing. Some of them lost more than $200-thousand-dollars.
McNeil has been released on bail. His next court appearance is set for July 13th.
