⏱ 2 min read
Tyler Bossetti, a 31-year-old social media influencer from Columbus, Ohio, orchestrated a $20 million real estate Ponzi scheme, defrauding dozens of investors across the US and abroad from 2019 to 2023. Bossetti promised investors large returns on short-term investments through his company, Boss Lifestyle LLC, and used social media platforms like Facebook and YouTube to advertise the fake investment program. He misappropriated investor funds to fund his own lifestyle, making purchases like a $150,000 Mercedes SUV and investing in cryptocurrency.
Bossetti’s scheme involved issuing false 1099-INT tax forms to investors, claiming they had earned interest when in fact they had not. He filed these forms with the IRS to further his scheme and avoid detection. Bossetti pleaded guilty to wire fraud and aiding in a false tax filing in June 2025 and was sentenced to 72 months in prison.
The US Attorney’s office announced the sentencing as part of a crackdown on tax law violators. US Attorney Dominick S. Gerace II stated that the office will aggressively pursue those who cheat the tax system or steal from the US Treasury. Bossetti’s case serves as a warning to others who would engage in similar fraudulent activities.
Bossetti’s sentence reflects the seriousness of his crimes and the harm caused to his victims. The $20 million Ponzi scheme resulted in losses of over $11 million for dozens of investors. The case was investigated and prosecuted by the US Attorney’s office, with assistance from federal agencies like the FBI.
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📋 Key Facts
- Crime: Fraud & Financial Crimes
- Defendant: Ohio
- Location: OH
- Source: DOJ Press Release
