US Man Accused of Running $60 Million Ponzi Scheme Targeting 300+ Investors

Paul Regan, a US man, has been accused of orchestrating a large-scale Ponzi scheme that defrauded more than 300 investors. The scheme reportedly raised over $60 million by luring victims with promises of 15% returns and zero risk. Investors were misled into believing their money was being placed into legitimate, safe financial instruments. Authorities allege that instead of investing the funds, Regan used the money in a manner consistent with a classic Ponzi structure, paying earlier investors with money from newer ones.