The U.S. Securities and Exchange Commission (SEC) has caught up with Ohio’s “Cash Flow King” Matt Motil. The online influencer defrauded people out of millions of dollars in what amounts to a Ponzi scheme, officials allege.
He used popular social media sites. He also touted the investment opportunities at issue on Biggerpockets.com. Motil advertised that he was empowering people worldwide to create massive wealth, the SEC alleges.
Motil, who promised people their rental estate investments would pay off hugely, for “a lifestyle you actually love,” filed for bankruptcy last March. But wriggling out of the multi-million dollar case hasn’t been so easy.
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