A North Bethesda man ran a Ponzi scheme that cheated investors in the Washington area, including charities, out of millions of dollars, the Securities and Exchange Commission said Friday.
Garfield M. Taylor told investors that they could earn annual returns of about 20 percent with little or no risk, and he showed one prospective client, a Baptist church, a fake letter of recommendation from the Charles Schwab brokerage firm, the SEC alleged.
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