According to the United States Department of Justice ("USDOJ") Patricia S. Miller ("Miller") of McMurray, Pennsylvania was arrested on charges that she orchestrated a massive Ponzi scheme.
The complaint alleges that Miller obtained money from clients for purported investments that Miller never made on their behalf. Allegedly, Miller promised high returns if clients put their money into "investment clubs" called, "KS Investments" and "Buckharbor."
Miller allegedly represented that funds put into her "investment clubs" would be placed in fixed-income securities and other investments. Instead of investing the money, Miller allegedly misappropriated client funds for her own personal use.
Miller appears to have been registered with Investors Capital Corporation a FINRA regulated Broker-Dealer. Fortunately for investors that have sustained losses investing with Miller, can pursue those losses through a FINRA arbitration against the Broker-Dealer for failure to supervise.
There is no cost for a case evaluation and most matters are handled on a contingency-fee basis.