The SEC has filed a lawsuit accusing Taino Lopez and Alexander Mehr, founders of Retail Ecommerce Ventures, with defrauding investors of $112 million.
Entrepreneurs Alex Mehr and Taino Lopez are accused of defrauding investors of approximately $112 million Leon Bennett/Getty; Andrew Harrer/Bloomberg via Getty Entrepreneurs Alex Mehr and Taino Lopez ...
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RadioShack and Pier 1 Imports Owners Accused of Running $112 Million Ponzi Scheme

The pair, Alex Mehr and Tai Lopez, bought several bankrupt retail stores, including Modell's Sporting Goods and Dress Barn, ...
A pair of e-commerce entrepreneurs who bought a number of well-known retail brands — including RadioShack, Modell's Sporting Goods and Pier 1 Imports — out of bankruptcy are accused of running a Ponzi ...