A Master Conman in His Own Words

The Journal.

Over the phone, Paul Regan offered prospective clients something that sounded too good to be true: investments with guaranteed returns of 10-15%. It was all part of a multimillion-dollar Ponzi scheme. WSJ’s Jason Zweig obtained hours of recorded phone calls, in which Regan seduced his victims, who were often older and needed help. Ryan Knutson hosts.

Further Listening:

- An Influencer’s False Promise to Make His Followers Rich 

- Pig Butchering: A Texting Scam With a Crypto Twist

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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Over the phone, Paul Regan offered prospective clients something that sounded too good to be true: investments with guaranteed returns of 10-15%. It was all part of a multimillion-dollar Ponzi scheme. WSJ’s Jason Zweig obtained hours of recorded phone calls, in which Regan seduced his victims, who were often older and needed help. Ryan Knutson hosts.

Further Listening:

- An Influencer’s False Promise to Make His Followers Rich 

- Pig Butchering: A Texting Scam With a Crypto Twist

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

2026-07-13 29 min
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