Edison Execs Cooked $10M PPE Orders

⏱ 3 min read

Two men are facing hard time after a brazen scheme to inflate the value of Edison Nation, a publicly traded consumer goods company. CEO Christopher Ferguson and consultant Brian McFadden both admitted in federal court to falsifying records and misleading investors with bogus purchase orders totaling over $10 million. The hustle unfolded in early 2020, right as the pandemic sparked a desperate rush for personal protective equipment.

The grift centered around a fabricated claim of massive PPE orders – masks and sanitizer – that never materialized. Edison Nation blasted a press release boasting over $10 million in new business, but the feds say a key $9 million purchase order had already collapsed before the announcement went out. When the Financial Industry Regulatory Authority (FINRA) came sniffing around for proof, the pair allegedly doubled down, forging documents to cover their tracks.

Court papers reveal Ferguson and McFadden knowingly submitted these fake records, desperate to juice investor confidence as Edison Nation tried to capitalize on the pandemic. It was a high-stakes gamble built on lies, timed to exploit a moment of national crisis.

Ferguson copped a plea on January 28, 2026, and McFadden followed suit on March 16, 2026, before U.S. District Judge Colleen McMahon in Manhattan. Sentencing is still pending, but both men are staring down the barrel of significant prison time for their role in misleading the public and regulators.