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 ...
Complex I Music, Sneakers, Pop Culture, News on MSN

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, ...
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a ...