'Cash Flow King' podcaster is charged in $11 million Ponzi scheme

A podcaster known as the 'Cash Flow King' has been charged with scamming investors in an $11 million Ponzi scheme and blowing the cash to fund his lavish lifestyle.

Matthew M. Motil, 43, was charged in a complaint filed the US Securities and Exchange Commission on Monday, seeking remedy of any ill-gotten gains and unspecified civil money penalties.

Motil, who lives in the Cleveland suburb of North Olmsted, is a purported home flipper who promised to teach his podcast listeners how to 'be a real estate investing bada**.'

Load More