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Entrepreneurs Alex Mehr and Taino Lopez are accused of running a Ponzi scheme

Mehr and Lopez purchased well-known retail brands, such as RadioShack, Modell's Sporting Goods and Pier 1 Imports

The Securities and Exchange Commission has accused them of defrauding investors of approximately $112 million

Two entrepreneurs, who purchased well-known brands such as RadioShack and Pier 1 Imports, are accused of running a Ponzi scheme.

The Securities and Exchange Commission (SEC) filed a complaint in a Florida federal court on Tuesday, Sept. 22 against Alex Mehr and Taino Lopez, accusing the co-founders of Retail Ecommerce Ventures of defrauding investors out of around $112 million between 2020 and 2022, CBS News reported.

“REV’s primary business was identifying distressed comp

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