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Berg gets 18 years
Former Mercer Island resident Frederick Darren Berg, 49, was sentenced on Feb. 9 to 18 years in prison and three years of supervised release by U.S. District Court Judge Richard A. Jones. Charges included wire fraud, money laundering and bankruptcy fraud.
In a plea agreement, he agreed to serving 18 years in prison for stealing $100 million from investors of his firm, the Meridian Group, and related ventures over seven years.
“Those who peddle false investments and prey on investors for their own personal financial benefit need to understand that law enforcement will not sit by and let it happen,” said Kenneth J. Hines, the IRS special agent in charge of the Pacific Northwest.