A couple from Randolph, Massachusetts, has admitted to operating a Ponzi scheme that defrauded numerous investors out of millions. Milendophe Duperier, 33, and Vanessa Joseph, 26, have pleaded guilty to conspiracy to commit wire fraud. U.S. District Court Judge Myong J. Joun has set their sentencing for October 14, 2025. The charges were filed in May 2025.
Duperier served as an investment advisor and solicited investments under the pretense that the funds would be invested in securities markets. Joseph was both his girlfriend and business partner. From early 2018 until December 2022, they misled investors by claiming their money would be used entirely for purchasing securities. Instead, they used the funds to pay off previous investors and cover personal expenses such as luxury vehicles and mortgage payments.
According to charging documents, Duperier and Joseph defrauded investors of over $3.2 million, with some victims investing their life savings. They also obtained small business loans under false pretenses to pay supposed investment returns. Additionally, Duperier provided false statements to investors regarding delayed interest payments or inability to return principal amounts.
The charge of 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. Sentencing will follow federal guidelines.
For inquiries about this case, contact usama.victimassistance@usdoj.gov.
The announcement was made by United States Attorney Leah B. Foley and Ted E. Docks from the FBI’s Boston Division. Assistant U.S. Attorneys Mackenzie A. Queenin and Leslie A. Wright are handling prosecution.
