Kenneth Marsh, the president and owner of Gryphon Holdings Inc., and four Gryphon employees were arrested on charges of conspiracy to commit securities fraud and wire fraud
Earlier today, Kenneth Marsh, the president and owner of Gryphon Holdings Inc., a purported financial advisory firm located in Staten Island, and four Gryphon employees, Baldwin Anderson, Robert Anthony Budion, Jeanne Lada, and James T. Levier, were arrested on charges of conspiracy to commit securities fraud and wire fraud.1 The defendants’ initial appearances are scheduled for this afternoon before United States Magistrate Judge Marilyn D. Go at the U.S. Courthouse, 225 Cadman Plaza East, Brooklyn, New York. The charges and arrests were announced by Benton J. Campbell, United States Attorney for the Eastern District of New York, and Ronald J. Verrochio, Inspector-in-Charge, New York Division, United States Postal Inspection Service.