About this episode

The episode explores Paul Regan's multimillion-dollar Ponzi scheme through recorded phone calls with his victims.

Over the phone, Paul Regan offered prospective clients something that sounded too good to be true: investments with guaranteed returns of 10-15%. It was all part of a multimillion-dollar Ponzi scheme. WSJ’s Jason Zweig obtained hours of recorded phone calls, in which Regan seduced his victims, who were often older and needed help. Ryan Knutson hosts. Further Listening: - An Influencer’s False Promise to Make His Followers Rich  - Pig Butchering: A Texting Scam With a Crypto Twist Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Ryan Knutson

Topics covered

• Ponzi scheme
• investment fraud
• financial scams
• elderly victims
• recorded calls

Keywords

• Ponzi scheme
• investment
• fraud
• elderly
• scam
• financial crime
• recordings

Mentioned in this episode

Organizations: The Wall Street Journal, Spotify Studios

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