YouTuber Tai Lopez accused of $112M ponzi scheme

On Monday, the Securities and Exchange Commission sued Alex Mehr and Tai Lopez, the founders of Miami-based Retail Ecommerce Ventures (REV). The SEC claims they took roughly $112 million from investors through fraudulent practices between 2020 and 2022. The agency alleges that Mehr and Lopez misled investors about the financial health of their businesses. This resulted in significant financial losses for those involved.







