Federal prosecutors charged Frederick Darren Berg, the founder of the failed Meridian Mortgage investment funds of Seattle, with 10 counts of wire fraud and money laundering Thursday, alleging he conducted a long-running Ponzi scheme that raised more than $350 million for purported mortgage investments but actually funneled millions of dollars to himself.
Story: http://seattletimes.nwsource.com/html/businesstechnology/2013164237_bergcharges15.html
