An Everett man is now under federal indictment for an alleged Ponzi scheme that was described by an investor as “the largest ...

When investors began asking questions, Wear allegedly ran the operation like a Ponzi scheme — using new investments to pay earlier ones.

"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel ...

An Everett man facing multiple civil lawsuits over an alleged Ponzi scheme was hit with criminal charges this week.

A Washington state entrepreneur and a former Jefferies portfolio manager were criminally charged on Thursday over a Ponzi ...

Ryan Wear is accused of raising money from investors by selling them water vending machines that, in many cases, did not ...

Jordan Chirico is accused of directing the Jefferies fund, 352 Capital, to purchase bonds funding a Washington state business that purported to operate a network of water vending machines, according ...

A complaint lodged June 10 by the hedge fund 352 Capital GP alleges First Fed conspired with WaterStation Management owner Ryan Wear and a network of affiliated businesses he controlled to defraud ...