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Greenwich Investment Firm Founder Stole Millions In Clients' Cash: Feds
A 49-year-old Connecticut man faces potentially decades in prison after he allegedly defrauded and stole $3.5 million of his client's money for years, federal authorities said.
Justin C. Murphy, 49, of Stamford, is charged with 15 counts of wire fraud, five counts of money laundering, and three counts of tax evasion, the US Attorney for Connecticut announced on Tuesday, Nov. 5.
Murphy ran the Greenwich-based investment firm Mara. The company also went by Mara Investment Group, LLC, Mara Investment Management LP, and Mara Investments Global Management LLC.
Federal inv…
