Securities and Exchange Commission v. Motil, et al.
Case Number:
1:23-cv-01853
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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September 25, 2023
Podcast Host Hit With SEC Suit Over 'Cash Flow' Scheme
A podcast host who held himself out as a "cash flow king" defrauded investors out of $11 million through phony real estate investments and then tried to shake off his Ponzi scheme debt in bankruptcy court, the U.S. Securities and Exchange Commission alleged Monday.
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September 25, 2023
SEC Hits Real Estate Podcaster With $11M Ponzi Scheme Suit
The U.S. Securities and Exchange Commission accused the host of a real estate investment-focused podcast on Monday of running a more than three-year Ponzi scheme that scammed investors out of more than $11 million.