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California Men Accused of Orchestrating $100,000,000 ‘Ponzi-Like’ Scheme

Summary by The Daily Hodl
Two Bay Area executives stand accused of running a Ponzi scheme that raised over $100 million from mostly retired investors by promising returns on real estate loans while using new funds to pay earlier ones.

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The Daily HodlThe Daily Hodl
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Center

California Men Accused of Orchestrating $100,000,000 ‘Ponzi-Like’ Scheme

Two Bay Area executives stand accused of running a Ponzi scheme that raised over $100 million from mostly retired investors by promising returns on real estate loans while using new funds to pay earlier ones.

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New York PostNew York Post
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BizTocBizToc
Lean Right

Marin County finance bros charged over massive $100M Ponzi scheme

Tiburon’s Mark Hanf and Novato’s Nam Phan were indicted in an alleged $103 million Ponzi scheme that defrauded 175 investors.

·New York, United States
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New York Post broke the news in New York, United States on Wednesday, September 2, 2026.
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