Finance influencer with more than a million followers charged with fraud in Ponzi scheme
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Con-artist who stole millions in Ponzi scheme sentenced to 18 years
A globe-trotting con artist who defrauded 237 victims out of $24.5 million to fund a lavish lifestyle was sentenced to 18 years in federal prison.
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Social media finance influencer Tyler Bossetti, 31, of Columbus, Ohio, faces federal charges for allegedly defrauding investors of over $11 million.
Bossetti promised high returns on investments for property flipping, but federal prosecutors say he allegedly misused funds for personal luxuries and cryptocurrency ventures.
Despite the charges, Bossetti remains active on social media, soliciting clients for credit improvement services.
A social media finance influencer with more than a million followers faces federal charges accusing him of defrauding investors of more than $11 million.
Tyler Bossetti, 31, is charged in U.S. District Court in Columbus, Ohio, with wire fraud and aiding in the filing of a false or fraudulent document.
Bossetti encouraged investors to give him money that they would see high returns on, sometimes 30% or more, for flipping properties, according to court records.
However, Bossetti used the money in other ways, including personal luxury housing and vehicles and cryptocurrency investments that resulted in large losses, court records say. In June 2022, Bossetti wired himself $900,000 through an interstate wire transfer.
Bossetti would pay for the losses he incurred with the investments of new investors, court records say.
Between September 2019 and June 2023, Bossetti received more than $20 million in investments, court records say. Investors lost more than $11.2 million, according to court records.
Franklin County Common Pleas Court records show Bossetti and his brands, Boss Lifestyle LLC and Bossetti Enterprises LLC, have had at least 12 civil lawsuits filed against them in 2023 and 2024, several of which remain open and ongoing. The lawsuits are all related to alleged mishandling of money or lost investments.
Bossetti has garnered a following on social media, where he has more than 1 million followers on Instagram and has hosted the "All for Nothing" podcast.
Bossetti also has a Substack page with more than 88,000 followers. That page has remained active, with posts as recent as April 25, where he solicited people looking to improve their credit to reach out to his team.
In the April 25 post, Bossetti wrote that he could see the "keyboard warriors" who have submitted fake forms to his website and that he is not trying to convince the "peasant trolls" that he can get results.
"You don't stop a machine by throwing shade — you just prove it's working," the post states. "So to the ones who are serious about breaking free and leveling up financially, let's work. The rest? Stay broke, bitter and busy watching."
A court date for Bossetti has not yet been set, according to U.S. District Court records.
Reporter Bethany Bruner can be reached at bbruner@gannett.com or on Bluesky at @bethanybruner.dispatch.com.
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