The SEC has accused Matt Motil of defrauding multiple investors out of millions of dollars with a Ponzi-style scheme. On his social media accounts, Motil labeled himself as the "Cash Flow King" and offered assistance to those wishing to benefit from rental real estate investments to facilitate a desirable lifestyle. In an apparent attempt to get away from multiple accusations of the millions he owes, Motil has sought bankruptcy protection in Ohio in March 2022.
The U.S. Securities and Exchange Commission (SEC) alleged on Monday that Matt Motil, a podcast host in Ohio, operated a Ponzi scheme worth $11 million that defrauded over 50 investors. Dubbing himself the "Cash Flow King," Motil purported to provide his investors with the knowledge to effectively leverage rental real estate investments and live a desirable lifestyle. However, the SEC’s 29-page complaint revealed that the prosperity Motil promised was completely fabricated. Investors were promised collateralized "promissory notes" that were backed with a "first mortgage" on properties, but the SEC declared that “nearly everything about his scheme was a lie.” The worth of the single-family home used to acquire $1 million from 20 investors was no more than $130,000. Motil's victims ranged from a cancer researcher to an active-duty U.S. armed forces officer. Having declared bankruptcy in March 2022, Motil has since eluded the SEC's subpoenas, while continuing to use social media and his website to entice investors. As per the SEC, Motil and his wife, Amy, profited vastly from the fraud, having forged signatures and misused a notary's seal. The case is still ongoing with the U.S. Trustee contesting Motil's bankruptcy application. This case fits into a growing trend of federal regulators targeting small-scale scammers who inflict severe financial damage on investors and the public. Just this year,the Federal Trade Commission (FTC) charged an Amazon e-commerce "automation" company with defrauding investors out of millions.
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