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

BAY RIDGE - 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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