Social Media Influencer Sentenced to Six Years for $23 Million Ponzi Scheme
Tyler Bossetti, a 31-year-old social media influencer from Columbus, Ohio, has been sentenced to six years in prison for orchestrating a Ponzi scheme that defrauded investors of over $23 million. The sentencing was handed down by U.S. District Judge Algenon L. Marbley after Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents. Operating under the guise of 'Boss Lifestyle,' Bossetti promised investors returns of 30% or more through short-term real estate deals. However, he used funds from new investors to pay earlier ones, a classic Ponzi scheme tactic. The scheme, which ran from 2019 to 2023, resulted in losses exceeding $11 million for victims. Bossetti is also ordered to pay more than $12.5 million in restitution. 
