JOURNAL ARTICLE

Reviving RadioShack Online Turned Into Ponzi Scheme, SEC Claims.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: White, Nicola M.; Van Voris, Bob 3 of 3

Abstract

The article discusses allegations by the US Securities and Exchange Commission (SEC) against Retail Ecommerce Ventures (REV), which is accused of operating a Ponzi-like scheme while attempting to revive distressed retail brands such as RadioShack and Pier 1 Imports. The SEC claims that REV raised $112 million from investors through fraudulent offerings, with co-founders Taino Lopez and Alexander Mehr allegedly diverting $16.1 million for personal use and making Ponzi-like payments of $5.9 million to investors. The SEC is seeking civil penalties, the return of ill-gotten gains, and a court order to prevent the defendants from serving as officers or directors in other companies. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/09, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:188177191
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