Hundreds of investors bought thousands of units, believing in the vision laid out by Ryan Wear, founder of a startup called WaterStation Management. Each bought dozens of water dispensers, which ...

The Department of Justice (DOJ) charged Wear with one count of securities fraud and one count of wire fraud, each of which ...

"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel ...

A Washington state entrepreneur and a former Jefferies portfolio manager were criminally charged on Thursday over a Ponzi ...

The Securities and Exchange Commission has charged Ryan Wear, a Washington state resident, and his companies Water Station Management LLC and Creative ...

An Everett man is now under federal indictment for an alleged Ponzi scheme that was described by an investor as “the largest ...

Ryan Wear is accused of raising money from investors by selling them water vending machines that, in many cases, did not ...

The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised ...

Two men have been federally indicted in New York on charges related to two Ponzi-like schemes involving water vending ...

Federal prosecutors charge two men in a $200 million Ponzi scheme involving fake water vending machine profits.

When investors began asking questions, Wear allegedly ran the operation like a Ponzi scheme — using new investments to pay ...

The charges center around a company that, according to the DOJ and the FBI, persuaded investors to back water purification ...