Episode Description / Show Notes:

• We revisit our investigation into National Real Estate Investment Advisors (NRIA), a company previously flagged for suspicious activity.
• Listeners may recall our earlier exposé revealing troubling facts, including:
  • One executive using a fake name.
  • A criminal history tied to prior fraud.
• As of last week, the U.S. Securities and Exchange Commission (SEC) has formally charged NRIA with operating a $600 million Ponzi scheme.
• The company and its former executives allegedly:
  • Promised investment funds would be used for real estate development.
  • Used new investor funds to pay earlier investors (Ponzi scheme behavior).
  • Funded luxury purchases and personal expenses.
  • Paid reputation management firms to block due diligence efforts.
• The company heavily advertised on major networks like CNBC and Fox News.
• Our earlier investigation faced interference from these reputation firms.
• We uncovered evidence of:
  • Falsified marketing and financial statements.
  • Misrepresentation of investment performance.
• The SEC charges validate many of the red flags we identified years ago.
• While these are still allegations, government involvement may help victims begin the recovery process.
• This case serves as a reminder of the importance of due diligence and investigative journalism in uncovering fraud.