Tai Lopez Accused of $112 Million Ponzi Scheme with Retail Brands

We all know Tai Lopez as a social media personality selling lifestyle and business ideas. But now a serious allegation has surfaced: he and his company are accused of orchestrating a $112 million Ponzi scheme through retail brand investments. Between 2020 and 2022, Lopez and his co-founder built a business called Retail Ecommerce Ventures (REV). They acquired failing store chains, names like RadioShack, Pier 1 Imports, Stein Mart, and Dressbarn, and promised to turn them into thriving online operations.