(Source: United States Attorney's Office for the District of Maryland) Baltimore, Maryland - A federal jury convicted Richard Shusterman, age 53, of Highland Beach, Florida late on May 2, 2016, of conspiring to commit wire fraud and nine counts of wire fraud in connection with a complex scheme to defraud investors and lenders of $278 million by selling fraudulent investment portfolios of debts purportedly owed by hospital patients. U.S. District Judge James K. Bredar detained Shusterman pending a detention hearing scheduled for today at 11:00 a.m. Shusterman is the fourth and final conspirator to be convicted in the scheme. The conviction was announced by United States Attorney for the...
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