- Net worth
- Unknown
- Crimes
- wire fraud, money laundering, tax fraud
- Convicted of
- Conspiracy; wire fraud; money laundering; tax evasion
- Original sentence
- 35 years' imprisonment; $19,958,995 restitution (April 2012)
- Time served
- ~13 years before commutation
Background
Marian Morgan, with her husband John Morgan, operated Morgan European Holdings, a Sarasota-based investment scheme. She was convicted on all 22 counts after a three-week trial in September 2011.
The Case
Morgan was convicted of conspiracy, wire fraud, money laundering, and tax evasion. The scheme, which ran from 2005 to 2009, collected approximately $28 million from 87 investors worldwide by promising 200–300% returns in 90 days through fraudulent "prime bank instrument" programs. The couple spent over $10.8 million of investor funds on themselves, including luxury homes, a Maserati, and a speedboat; they were arrested in Sri Lanka in August 2009 after attempting to pass a forged financial instrument. She was sentenced to 35 years in prison and ordered to pay nearly $20 million in restitution. The Ponzi scheme defrauded investors and deprived the government of taxes.
The Pardon
On May 28, 2025, President Trump commuted Morgan’s federal sentence.