VerdictStats

Securities and Exchange Commission

SEC v. Wear

PendingFiled: August 13, 2025

Ryan Wear allegedly operated two related Ponzi-like schemes between September 2016 and February 2024 that raised more than $275 million from more than 250 investors. Jordan Chirico allegedly violated his fiduciary duty by investing his private fund client in the scheme despite his undisclosed conflicts of interest and awareness of red flags.

Summary generated from official Securities and Exchange Commission press release

Source: Securities and Exchange Commission Press Release ↗

Parties

Defendants / Respondents
  • Ryan Wear
  • Water Station Management LLC
  • Creative Technologies, Inc.
  • Jordan Chirico
  • Refreshing USA, LLC
  • Ideal Property Investments LLC

Dates

Filed
August 13, 2025
Published
August 15, 2025

Case Details

Industry
Finance