Firm sued over $40M Ponzi scheme

By AUBRIE GEORGE

The state office of the attorney general is suing a Marlton-based investment firm for its alleged use of a Ponzi scheme to defraud investors of more than $40 million.

Carr Miller Capital LLC of Marlton and its three principals — Everett Charles Ford Miller of Marlton, Ryan Jude Carr, and Brian Patrick Carr — are named as defendants in the suit, according to a press release from the state attorney general’s office.

The lawsuit alleges the three defendants violated state uniform security laws by committing fraud, commingling funds and selling unregistered securities.

The state is seeking civil penalties, restitution for investors and disgorgement of profits.

For now, all of the company’s assets have been frozen.