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Carmel man charged in $200 million water vending machine Ponzi scheme

Summary by Fox 59 Indianapolis
CARMEL, Ind. — A Carmel man working in finance faces federal charges on accusations that he is connected to a $200-million-plus Ponzi scheme involving water vending machines, according to the Indianapolis Business Journal. Jordan Chirico, 41, reportedly worked as an investment fund manager for a New York City-based asset-management firm from 2020 to 2024. He [...]

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Carmel man charged in $200 million water vending machine Ponzi scheme

CARMEL, Ind. — A Carmel man working in finance faces federal charges on accusations that he is connected to a $200-million-plus Ponzi scheme involving water vending machines, according to the Indianapolis Business Journal. Jordan Chirico, 41, reportedly worked as an investment fund manager for a New York City-based asset-management firm from 2020 to 2024. He [...]

·Indianapolis, United States
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Fox 59 Indianapolis broke the news in Indianapolis, United States on Thursday, December 18, 2025.
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