Tai Lopez & Alex Mehr: $112m Ponzi Scheme Allegations

Lopez is additionally a social networks influencer who has composed several self-help publications, including his “67 Actions” on how to become “rich” that integrate “teachings of powerful and well-known individuals like Bill Gates, Charlie Munger, Peter Drucker, Gandhi, and my individual coaches.”

Mehr– an Iranian-born immigrant that operated in “threat and safety and security administration of NASA’s space expedition goals”– partnered with Lopez at the elevation of the retail carnage in 2019 when almost 10,000 stores went out of business, the Blog post formerly reported.

SEC Accusations Against Lopez and Mehr

The US Securities and Exchange Commission implicated Alex Mehr and Tai Lopez, owners of Miami-based Retail Ecommerce Ventures (REV), of ripping off investors out of about $112 million, according to the federal Southern District of Florida declaring gotten by the Post

Ponzi Scheme Allegations Unveiled

A set of flashy ecommerce business owners who acquired bankrupt retail giants– consisting of Pier 1 Imports, RadioShack, and Modell’s Sporting Product– have been accused of running a $112 million Ponzi plan, according to a brand-new suit.

“As a result, in order to pay rate of interest, returns and growing note payments, Accuseds considered using a combination of car loans from outdoors lenders, merchant cash advances, money elevated from new and existing investors, and transfers from various other portfolio business to cover commitments,” the paper proceeded.

The business-savvy pair presumably made “worldly misstatements” to hundreds of financiers about the brand name’s efficiency in between 2020 and 2022– consisting of claims that the companies were “on fire,” the SEC affirmed.