<a href="https://www.axs.com/events/1378827/the-journal-live-tickets?_gl=1*cwrp3h*_gcl_au*MTI3MTEyNzIwOC4xNzczMzM4NzQy">Get your tickets to our L.A. live show here!</a>
In 2019, influencer Tai Lopez made a pitch to his social media followers: by buying up distressed retail brands like Radio Shack and Pier 1 out of bankruptcy, <a href="https://www.wsj.com/business/retail/tai-lopez-radioshack-pier1-investors-sec-66352aab?mod=author_content_page_1_pos_12?mod=WSJ_TJPOD">they could all get rich</a>. But as WSJ’s <a href="https://www.wsj.com/news/author/suzanne-kapner?mod=WSJ_TJPOD">Suzanne Kapner</a> reports, the Securities and Exchange Commission accused Lopez of running a <a href="https://www.wsj.com/articles/sec-says-radioshack-brand-buyer-ran-a-ponzi-scheme-9c3485a4?eafs_enabled=false?mod=WSJ_TJPOD">“Ponzi-like scheme”</a> through his company, Retail Ecommerce Ventures. <a href="https://www.wsj.com/news/author/ryan-knutson?mod=WSJ_TJPOD">Ryan Knutson</a> hosts. 
Further Listening/Viewing:
- <a href="https://open.spotify.com/episode/5GKbG30VkDn6n7fiAQ2zRz?si=cf3a010111be4a34">Influencer Arielle Charnas’s Fashion Fail</a>
- <a href="https://open.spotify.com/episode/0WkLkmmIaWynBnh91SQ5dy?si=b4bdd4ea22f64161">How a Miami Couple Used Empty Mansions to Pocket Millions</a>
Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>.
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An Influencer's False Promise To Make His Followers Rich

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