CHEVY CHASE, MD — A above banking adviser from Chevy Chase was bedevilled Wednesday on accuse accompanying to a $20 actor Ponzi scheme, according to a annual appear by the Justice Department. Dawn J. Bennett, 56, was bedevilled of all 17 charges, including wire fraud, conspiracy, and authoritative apocryphal statements on a accommodation application. A sentencing date has not been set.
From December 2014 to April 2017, Bennett accustomed added than $20 actor from 46 investors, best of them elderly, according to the DOJ columnist release. Prosecutors said Bennett solicited the investors and acclimated their money to pay for her abundant lifestyle, acknowledged fees, and payments to beforehand investors.
“Dawn Bennett’s acquisitiveness knew no bound as she advisedly defrauded aged retirees of their life’s savings,” said U.S. Attorney Robert K. Hur. “This confidence — and the years in federal bastille that she is adverse — holds her answerable for her actions.”
Some of Bennett’s expenditures included abstruse gems, corrective medical procedures, and religious rituals in India. According to the columnist statement, Bennett “paid a website abettor to align for priests in India to accomplish religious ceremonies to breadth off federal investigators.”
According to the columnist release, in May 2015 DJB Holdings, LLC acquired a $750,000 band of acclaim anchored by the annual of DJB Holdings, which Bennett endemic and operated. To defended the band of credit, Bennett provided apocryphal statements to the bank. Bennett said her allowance annual had a net portfolio amount of added than $4 million. In reality, the net portfolio amount was $35.
The accommodation was carefully meant for business operations. However, Bennett acclimated the gain for claimed expenses. When the accommodation went into default, the lender notified Bennett — who said she was blind and had been in China for eight months. Trial evidence, however, contradicted that claim. According to the columnist release, her claimed acclaim agenda was acclimated in the Chevy Chase and DC breadth during that time period.
“Bennett faces a best of 20 years in bastille for wire artifice cabal and for anniversary of nine counts of wire fraud; a best of bristles years in bastille for balance artifice conspiracy; a best of 20 years in bastille for anniversary of four counts of balance fraud; and a best of 30 years in bastille anniversary for coffer artifice and for apocryphal statements on a accommodation application,” the Justice Department said.
Bennett’s co-defendant, Bradley Mascho, 52, of Frederick, Maryland, pleaded accusable in June 2018 for committing balance artifice and authoritative a apocryphal statement, the Justice Department said. Mascho faces a best of 10 years in prison.
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