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1st Million Dollars

United States vs. Dennis Jali et al., 20-CR-0220-TDC

Defendants:

  • Dennis Mbongeni Jali
  • John Erasmus Frimpong
  • Arley Ray Johnson

Case Summary:

Between 2017 and May 2019, Defendants Jali, Frimpong, and Johnson operated a Ponzi-type fraud scheme, promising over 1,000 victims around the country that they would invest their money in foreign currencies and cryptocurrencies at no risk and with promises of profits of over 100% annually. Specifically, the Defendants operated three U.S. companies —1st Million LLC, Smart Partners LLC and Access2Assets LLC — as fronts for the scheme.  In reality, the Defendants largely used investors’ money to make Ponzi payments to prior investors and to support their lifestyle. 

Questionnaire:

If you are a victim of this crime, please fill out the questionnaire located here.

Court Dates:

Status conference scheduled for January 7, 2021 at 3:00 pm

Defendant Custody status Court dates

Jali

Detained pending extradition proceedings

TBD

Frimpong

Detained without bail

  • Trial set for September 6, 2022
  • Pretrial Conference set for August 31, 2022

Johnson

Released on conditions

  • Trial set for September 6, 2022
  • Pretrial Conference set for August 31, 2022

Indictment: On July 27, 2020, a federal grand jury returned a 13-count Indictment.
 

Resources:

District of Maryland Victim-Witness Program Information: https://www.justice.gov/usao-md/victim-witness-assistance

Justice Department Large Case information: https://www.justice.gov/largecases

Press Releases:

August 28, 2020 Press Release

Court Documents:

Indictment

Other Information:

All case updates will be posted on this website.

The public is reminded that an indictment contains only charges and is not evidence of guilt. The defendants are presumed innocent and are entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

 

Updated July 19, 2021

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