A Randolph, Massachusetts couple has pleaded guilty to conspiracy to commit wire fraud in connection with a long-running Ponzi scheme that defrauded dozens of investors. Milendophe Duperier, 33, and Vanessa Joseph, 26, admitted in federal court to orchestrating a scheme that took in more than $3.2 million from victims—many of whom had invested their life savings. The couple misrepresented their intentions, promising to invest funds in the securities markets, but instead used the money for personal expenses and to repay earlier investors, a hallmark of a Ponzi scheme.
From 2018 through 2022, Duperier posed as an investment advisor, soliciting funds under false pretenses. Joseph, identified as both his girlfriend and business partner, played a central role in the scheme. The pair used investor money to fund a lavish lifestyle, including payments on luxury vehicles and household debts. They also applied for and misused small business loans to make it appear as if returns were being generated legitimately.
Conspiracy to commit wire fraud is a serious federal offense. Under federal law, the charge carries a potential sentence of up to 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gross financial gain or loss from the crime—whichever is greater. Actual sentencing, scheduled for October 2025, will be determined according to federal sentencing guidelines and the facts of the case, including the extent of financial harm to victims.
Cases like this serve as a stark reminder of how devastating financial fraud can be, especially when victims are targeted for their trust and retirement funds. Individuals charged with wire fraud or related conspiracy charges should seek experienced legal counsel immediately. The penalties can be severe, and early, strategic defense planning is critical.
If you or someone you know may have been impacted by this scheme, federal authorities encourage you to contact the U.S. Attorney’s Office via usama.victimassistance@usdoj.gov for support and information.
If You Are Under Investigation or Have Been Charged
At Dhar Law, LLP, our firm has extensive experience defending individuals charged in federal wire fraud conspiracies and related offenses. We understand the stakes, and we know how to build a strategic defense in even the most complex cases.
Contact us today at 617-880-6155 to schedule a confidential consultation and learn how we can help you navigate federal charges and fight for your rights and your future.
