DOJ, SEC charge men in $200 million water vending Ponzi scheme

August 14, 2025

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1 min read

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CNBC

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

The seal of the U.S. Justice Department is seen on the podium in the Department's headquarters briefing room. Two men have been indicted in New York on federal criminal charges in connection with a water vending machine Ponzi scheme that allegedly sw... [880 chars]

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Source: CNBC

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