An Influencer's False Promise to Make His Followers Rich
About this episode
The episode discusses Tai Lopez's controversial pitch to his followers about getting rich through distressed retail brands and the subsequent SEC accusations against him.
Get your tickets to our L.A. live show here! In 2019, influencer Tai Lopez made a pitch to his social media followers: by buying up distressed retail brands like Radio Shack and Pier 1 out of bankruptcy, they could all get rich. But as WSJ’s Suzanne Kapner reports, the Securities and Exchange Commission accused Lopez of running a “Ponzi-like scheme” through his company, Retail Ecommerce Ventures. Ryan Knutson hosts. Further Listening/Viewing: - Influencer Arielle Charnas’s Fashion Fail - How a Miami Couple Used Empty Mansions to Pocket Millions 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
- influencer culture
- financial schemes
- bankruptcy
- retail brands
- SEC investigations
Keywords
- Tai Lopez
- Ponzi scheme
- influencer
- bankruptcy
- Securities and Exchange Commission
Mentioned in this episode
Organizations: Securities and Exchange Commission, Retail Ecommerce Ventures, The Wall Street Journal, Spotify Studios
Products: Radio Shack, Pier 1
Books & works: What’s News
Places: L.A.
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