Overview:
Lawyer Common Letitia James introduced the arrest of Florida resident Marc Henry Menard—previously of Mineola, New York—accused of working a multi‑12 months funding rip-off that focused Haitian buyers and stole over $600,000. The scheme echoes earlier crypto-related cons throughout the group, together with the EminiFX Ponzi operation.
NEW YORK — Florida resident and former Mineola, New York, resident Marc Henry Menard was arrested and indicted for allegedly defrauding members of the Haitian group in New York, Florida, and Georgia of greater than $600,000, Lawyer Common Letitia James introduced Monday.
Menard—who was not registered to promote securities—is accused of orchestrating a three-year funding fraud scheme via his firm, Marcotech LLC, from July 2020 to June 2023. He allegedly promised returns of 12% to twenty% monthly, solicited buyers in Haitian communities throughout a number of states, and misappropriated their funds for private buying and selling—with losses over $670,000—in addition to lavish journey and designer spending.
He allegedly financed journeys to Turkey, Puerto Rico, and Disney World, bought a 2021 Mercedes‑Benz and a 2022 BMW, and shopped at Louis Vuitton and Gucci.
“Marc Henry Menard took benefit of Haitian New Yorkers, lied to them about his expertise as a profitable dealer, and swindled arduous‑working folks out of lots of of 1000’s of {dollars},” stated James. “Now we’re bringing him to justice.”
Like in earlier scams, Menard allegedly used misleading paperwork—faux ATM receipts and buying and selling screenshots exhibiting inflated account balances—to lull buyers into believing within the scheme’s legitimacy.
Menard faces a 24‑depend indictment, together with grand larceny, securities fraud underneath the Martin Act, falsifying enterprise data, and scheme to defraud. He was arrested in Dawn, Florida, arraigned earlier than Decide Tammy Robbins, launched underneath journey restrictions and the give up of his passport. If convicted of the highest depend, he faces as much as 15 years in jail.