The former financial services provider from Glen Burnie, used a Ponzi-style fraudulent investment scheme to defraud 13 investors out of over $380,000. Additionally, Woods stole over $175,000 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 stole over $550,000 from 16 victims. Source: Maryland Attorney General