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Maryland Chapter 21 of Association of Certified Fraud Examiners

Former Financial Services Provider Pleads Guilty to Felony Theft Scheme and Securities Fraud

17 Sep 2025 11:38 PM | Anonymous

A Glen Burnie man used a Ponzi-style fraudulent investment scheme to defraud 13 investors out of over $380,000. Additionally, Woods stole over $200,000 through a separate theft scheme, where he fraudulently transferred money out of a client’s bank account and deposited it into his own personal bank account. In total, he owes $573,161 in restitution to 16 victims. Source: Maryland Attorney General


Maryland Chapter 21 of Association of Certified Fraud Examiners

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