Key takeaways:

Clarence Woods Jr. pleaded guilty to theft and securities fraud

$573,000 in restitution owed to 16 victims of fraudulent schemes

Ponzi-style investment scam defrauded investors of $380,000

Sentencing set for Oct. 30 in Anne Arundel County Circuit Court

A former financial services provider pleaded guilty to a theft scheme and securities fraud charges in Anne Arundel County Circuit Court, the Maryland Attorney General ‘s Office announced this week.

Clarence Woods Jr., 62, pleaded to the three charges before Judge Mark W. Crooks earlier this month, court records show. In all, Woods owes more than $573,000 in restitution to 16 victims, the Attorney General’s Office said.

The office charged that Woods, of Glen Burnie, used a Ponzi-style fraudulent investment schem

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