Tag Archives: Pier

Owners of Radio Shack, Pier 1 Imports and other brands accused of running $112 million Ponzi scheme

Owners of Radio Shack, Pier 1 Imports and other brands accused of running 2 million Ponzi scheme

A pair of e-commerce entrepreneurs who bought a number of well-known retail brands — including RadioShack, Modell’s Sporting Goods and Pier 1 Imports — out of bankruptcy are accused of running a Ponzi scheme.  The Securities and Exchange Commission on Monday accused Alex Mehr and Tai Lopez, founders of the Miami-based Retail Ecommerce Ventures (REV), of defrauding investors out of …

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