PHILADELPHIA – A Lancaster County man pleaded guilty to securities fraud in federal court. 56-year-old Daryl Heller of Lititz was charged by indictment in August of last year, arising from a fraudulent investment scheme that resulted in investor losses of about $402 million in unpaid principal. Heller controlled and was the majority owner of several companies based in Lancaster, including Paramount Management Group which purchased, installed, operated, maintained, and processed transactions for ATMs and cryptocurrency teller machines throughout the country. Heller created false and fraudulent records, which misrepresented the number of ATMs and BTMs in Paramount’s network and grossly overstated the revenues being generated. Heller is scheduled to be sentenced on December 1 and faces a maximum possible sentence of 20 years in prison, three years of supervised release, and a $5 million fine.
