A Baltimore County man who operated a sports information service has been sentenced to 2 1/2 years in federal prison after being convicted of wire fraud and money laundering in defrauding his clients.
U.S. District Judge Andre M. Davis also ordered Marc Neal Robert Berman, 36, of the 8500 block of Arborwood Road in Stevenson to pay $100,000 in restitution and forfeit property in Randallstown and $189,000 at Friday's sentencing hearing.
Berman pleaded guilty in November to using interstate wire transfers to commit a scheme to defraud, and laundering the proceeds, the U.S. attorney's office said.
Berman admitted taking $750,000 from investors in New Jersey, Ohio, Nebraska, Michigan and Virginia who believed they were investing in the entry fee in a thoroughbred race in which Berman was to receive a share of the purse. Berman, who operated a service providing sports information to clients for a fee, admitted that he did not own a racehorse and never made investments in racehorses.
Pub Date: 4/20/97