Retail Ecommerce Ventures founder Tai Lopez accused of running a Ponzi scheme!
Tai Lopez the founder of Retail Ecommerce Ventures (“REV”) has been accused by the SEC of running a Ponzi scheme. He is currently being investigated by the FBI but, as of yet, no charges have been filed. Tai and his partner, Alex Mehr, set up REV to use as an investment vehicle. They started buying defunct retail brands such as RadioShack, Pier 1 Imports, Dressbarn, Modell’s Sporting Goods, and Linens ‘N Things. The idea was that the retail brands could be purchased at very cheap price points and would be revived using an online ecommerce strategy. This turned out to be a bad idea. In the…
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