- The SEC charged Matthew Motil for fraudulently raising $11 million in a Ponzi scheme.
- Motil, the host of “The Cash Flow King” podcast, roped in more than 50 investors, the SEC said.
- The complaint said Motil invited potential investors to “be a real estate investing badass!”
The Securities and Exchange Commission on Monday announced that it had charged Matthew Motil, the host of the podcast “The Cash Flow King,” for running a real estate Ponzi scheme that raised roughly $11 million.
The SEC’s complaint, which was filed in the US District Court for the Northern District of Ohio, charges Motil with “violating the registration and antifraud provisions of the Securities Act of 1933 and the antifraud provisions of the Securities Exchange Act of 1934.”
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