An Influencer's False Promise to Make His Followers Rich
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In 2019, influencer Tai Lopez made a pitch to his social media followers: by buying up distressed retail brands like Radio Shack and Pier 1 out of bankruptcy, they could all get rich. But as WSJ’s Suzanne Kapner reports, the Securities and Exchange Commission accused Lopez of running a “Ponzi-like scheme” through his company, Retail Ecommerce Ventures. Ryan Knutson hosts.
Further Listening/Viewing:
- Influencer Arielle Charnas’s Fashion Fail
- How a Miami Couple Used Empty Mansions to Pocket Millions
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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Get your tickets to our L.A. live show here!
In 2019, influencer Tai Lopez made a pitch to his social media followers: by buying up distressed retail brands like Radio Shack and Pier 1 out of bankruptcy, they could all get rich. But as WSJ’s Suzanne Kapner reports, the Securities and Exchange Commission accused Lopez of running a “Ponzi-like scheme” through his company, Retail Ecommerce Ventures. Ryan Knutson hosts.
Further Listening/Viewing:
- Influencer Arielle Charnas’s Fashion Fail
- How a Miami Couple Used Empty Mansions to Pocket Millions
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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