$650 Million Ponzi Scheme Busted: National Realty Investment Advisors Fraud Exposed

A major Ponzi scheme, National Realty Investment Advisors (NRI), which defrauded investors of $650 million, has been busted after years of investigation. The company, once featured on financial shows like CNBC and XM Radio, promised high returns on real estate investments, but was actually a front for a massive scam. Whistleblowers and investigators uncovered the fraud in 2020-2021, revealing that the perpetrators were using fake identities and hiding assets. Now, charges have been filed, and the government is working to recover stolen funds for the victims, many of whom lost tens of thousands, or even millions, of dollars. This case highlights the persistence required to expose fraud and the eventual justice for victims of large-scale scams.