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Two indicted in Ponzi scheme

A federal grand jury in Baltimore indicted two men Friday on conspiracy and wire fraud charges in a scheme to defraud investors and lenders of $275 million. Richard Schusterman, 50, of Highland Beach, Fla., and Jonathan Rosenberg, 44, of West Orange, N.J., were named in the indictment. A statement by the U.S. Department of Justice said the 10-count indictment alleges “the defendants perpetrated a brazen and complex Ponzi scheme that defrauded investors of more than $275 million” through their medical accounts receivable company, International Portfolio Inc.

The indictment claims Schusterman, Rosenburg and two partners who have pleaded guilty, Robert Feldman, 65, of Beach Haven, N.J., and Douglas Kuber, 53, of Livingston, N.J., made fraudulent claims regarding the prices, results and values of debt portfolios they sold to investors.