Daryl Heller at a Lancaster County charity run. Read more Will Stoltzfus

by Joseph N. DiStefano Published Sept. 3, 2025, 4:49 p.m. ET

FBI agents aided by local police arrested private-equity investor Daryl Heller outside his Lancaster County home Wednesday, and U.S. Attorney David Metcalf unsealed an indictment charging the onetime automatic-teller machine promoter with one count of securities fraud and four counts of wire fraud.

If convicted, he could face years in federal prison.

Heller raised $770 million from 2,700 investors, concentrated in Lancaster County but also across the United States, in an “investment fraud scheme,” Metcalf said at a news conference announcing the indictment in Philadelphia.

Heller’s Paramount Management ATM company, through a network of Pres

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