Burt Marshall was barred from 2 banks, investigated by feds years before $92M bankruptcy

M. Burton (Burt) Marshall

Burt Marshall borrowed millions from friends and clients in Hamilton. Now he owes them more than $90 million that he cannot repay.

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Syracuse, N.Y. -- Madison County landlord Burt Marshall was “evicted” from two banks and investigated by federal agencies, including the FBI, years before he filed one of the largest bankruptcies in Central New York history, a new court filing has revealed.

Court-appointed Chapter 11 trustee Fred Stevens, who has accused Marshall of running a massive Ponzi scheme, said in the filing that he learned of the banks’ actions and the federal probe through documents in Marshall’s financial books and records.

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