Upstate New York man pleads guilty to stealing more than $50M in Ponzi scheme

NewsWorldAmericasUpstate New York man pleads guilty to stealing more than $50M in Ponzi schemeAn upstate New York businessman accused of stealing over $50 million from hundreds of people has pleaded guilty to charges related to a Ponzi schemeMichael Hill Tuesday 28 April 2026 23:04 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"9938f706281c3837cfe4aa2bdaf4c4ed","articleMeta":{"url":"https://www.independent.co.uk/news/world/americas/ponzi-scheme-new-york-letitia-james-hamilton-james-b2966801.html","title":"Upstate New York man pleads guilty to stealing more than $50M in Ponzi scheme"}}Small Town Fraud (Copyright 2026 The Associated Press. All rights reserved.)The latest headlines from our reporters across the US sent straight to your inbox each weekdayYour briefing on the latest headlines from across the USYour briefing on the latest headlines from across the USEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_Evening_Newsletter","regTitle":"Evening Headlines","subscriptionGroup":"us_evening_headlines","subscriptionGroupId":"4326e634-422a-4447-8e1e-604a937cd3b5","type":"daily_news","pathPrefix":["/us","/news/world/americas","/news/world/americas/crime"],"title":"The latest headlines from our reporters across the US sent straight to your inbox each weekday","mobileTitle":"Your briefing on the latest headlines from across the US","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/usEveningHeadlines1_1.png","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveEveningHeadlinesUSNews","regSourceSection":"Americas","regSourceMet...