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49 Buyers of RadioShack Accused of Running $112 Million Ponzi Scheme

Slashdot
BeauHD @ Slashdot · 09/29/2025 20:20 EDT

Buyers of RadioShack Accused of Running $112 Million Ponzi Scheme

An anonymous reader quotes a report from CBS News: A pair of e-commerce entrepreneurs who bought a number of well-known retail brands -- including RadioShack, Modell's Sporting Goods and Pier 1 Imports -- out of bankruptcy are accused of running a Ponzi scheme. The Securities and Exchange Commission on Monday accused Alex Mehr and Tai Lopez, founders of the Miami-based Retail Ecommerce Ventures (REV), of defrauding investors out of approximately $112 million. Through their holding company, Mehr and Lopez ac

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