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Music patron’s accountant charged in Ponzi scheme

Music patron’s accountant charged in Ponzi scheme

Posted: Monday, April 12, 2010 10:44 am
By: The Associated Press

The Messenger 04.12.10
MURFREESBORO (AP) — The accountant of a Murfreesboro arts patron who committed suicide after he was implicated in a Ponzi scheme has been indicted on charges related to the scheme.
According to a news release from the Tennessee Attorney General’s Office, Mark S. Riddle of Murfreesboro was arrested Wednesday. He was indicted by a grand jury on charges of defrauding four investors of about $668,000 in May 2007.
Riddle worked as a certified public accountant for Bob McLean, who was accused of swindling victims of more than $67 million in a Ponzi scheme. He committed suicide in 2007 on the day before he was to appear at a bankruptcy hearing.
McLean was a major donor to his alma mater, Middle Tennessee State University, and the Country Music Hall of Fame and Museum.

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