The Securities and Exchange Commission filed civil charges against Matthew Motil, a real estate entrepreneur and host of the podcast The Cash Flow King, for allegedly running an $11 million Ponzi scheme.
The agency accuses Motil, 42, of defrauding more than 50 investors by selling them what he described as low-risk, high-return promissory notes collateralized by first mortgages on homes in Ohio. In fact, Motil didn’t secure first-lien positions as promised and regularly sold multiple promissory notes he claimed were secured…
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