SEC Cracks Down on 'Cash Flow King' Podcast Host in $11 Million Ponzi Scheme

SEC alleges Ohio podcast host ran $11 million Ponzi scheme defrauding over 50 investors with false claims about rental real estate investments

Host Matt Motil portrayed himself as successful "Cash Flow King" but SEC says it was a façade and his promissory notes to investors were fraudulent

Motil allegedly got over $1 million from investors for a single home worth $130,000 and forged signatures/notary seal

Motil filed for bankruptcy in 2022 but has evaded SEC subpoenas; he and his wife profited handsomely

SEC has been cracking down on smaller scammers causing major financial harm through things like fake Amazon automation businesses