Web3
California Men Accused of Orchestrating $100,000,000 ‘Ponzi-Like’ Scheme
The Daily Hodl·September 3, 2026·1 min read
Two Bay Area executives are accused of running a Ponzi scheme that raised over $100 million from mostly retired investors. They promised returns on real estate loans while using new funds to pay earlier ones. The scheme allegedly targeted retirees with false promises of real estate loan returns.
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