A couple from Randolph, Massachusetts, have admitted to running a Ponzi scheme that defrauded numerous investors of millions. Milendophe Duperier, 33, and Vanessa Joseph, 26, pleaded guilty to conspiracy to commit wire fraud. Their sentencing is set for October 14, 2025, by U.S. District Court Judge Myong J. Joun.
Duperier acted as an investment advisor and solicited investments under the guise of investing in securities markets. Joseph was his business partner and girlfriend. From early 2018 until December 2022, they misled investors by promising their funds would be used for securities purchases but instead used the money for personal expenses and to pay previous investors.
The charging documents state that Duperier and Joseph defrauded investors of over $3.2 million. They also obtained small business loans under false pretenses to pay supposed investment returns to victims. Additionally, Duperier provided false explanations for not making promised payments or returning principal amounts.
Conspiracy to commit wire fraud carries a potential sentence of up to 20 years in prison, three years of supervised release, and a fine up to $250,000 or twice the gross gain or loss from the offense.
Questions or information about this case can be directed to usama.victimassistance@usdoj.gov.
United States Attorney Leah B. Foley and Ted E. Docks from the FBI’s Boston Division announced these developments. Assistant U.S. Attorneys Mackenzie A. Queenin and Leslie A. Wright are handling the prosecution.
