Home Investing SEC charges ‘Cash Flow King’ podcaster in $11 million Ponzi scheme

SEC charges ‘Cash Flow King’ podcaster in $11 million Ponzi scheme


The U.S Securities and Exchange Commission (SEC) has charged Brendan Ross, the so-called “Cash Flow King” podcaster, and his company Timian Holdings LLC with operating an $11 million Ponzi scheme through his “Cureenberg” brand of offerings.

According to the SEC’s complaint filed in the Northern District of Georgia, Ross and his firm raised the money between late 2016 and October 2019 by making false statements regarding the performance of investments and promising investors that their funds would be used to buy insurance policies to create streams of income.

Instead, Ross allegedly used a portion of the funds for his own use, including to pay the returns to other investors and to pay for personal items such as luxury vacations. The SEC’s complaint also alleges that Ross falsely claimed to have successful investments with high national banks and investment firms, an expensive portfolio of real estate, a professional background in hedge fund management, and to have invested for celebrities, when all of those claims were false.

The SEC’s complaint seeks disgorgement of ill-gotten gains and other relief. The Commission reminds investors to carefully consider the backgrounds and promotional materials of any investment before parting with any of their money.

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