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Bay Ridge man accused of Ponzi scheme

Federal prosecutors say a Bay Ridge man duped Brooklyn clients into investing in a Ponzi scheme for more than 30 years. Phillip Barry allegedly swindled his clients out of about $40 million over three

News 12 Staff

•

Sep 9, 2009, 3:59 PM

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Updated 5,350 days ago

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Bay Ridge man accused of Ponzi scheme
Federal prosecutors say a Bay Ridge man duped Brooklyn clients into investing in a Ponzi scheme for more than 30 years.
Phillip Barry allegedly swindled his clients out of about $40 million over three decades.
Barry was arrested at his home in Bay Ridge. He faces 20 years in prison if convicted.
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