SEC Says RadioShack Brand Buyer Ran a Ponzi Scheme
NegativeFinancial Markets

The SEC has accused the co-founders of Retail Ecommerce Ventures of orchestrating a Ponzi scheme that raised over $100 million, involving the RadioShack brand. This situation is significant as it highlights ongoing issues of fraud in the retail sector and raises concerns about investor protection and the integrity of financial markets.
— Curated by the World Pulse Now AI Editorial System