09/09/2025

Defendant Charged In Over $50 Million Ponzi Scheme And Related Investment Fraud

United States Attorney's Office Southern District of New York

United States Attorney for the Southern District of New York, Jay Clayton, and Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), Christopher G. Raia, announced the unsealing of an Indictment charging PAUL REGAN with conspiracy, securities fraud, and wire fraud.  The charges in the Indictment arise from a scheme to defraud retail investors in projects called Next Level Holdings (“Next Level”) and Yield Wealth Ltd. (“Yield”) by misrepresenting how those companies would use investors’ money and the protections investors would have against losses.  REGAN’s fraudulent scheme tricked over 300 people to invest more than $60 million in the Next Level and Yield investment products.  When the fraud was eventually exposed, REGAN’s investors were left with over $50 million in losses.  REGAN was arrested in the Southern District of Florida on September 4, 2025, and ordered detained following his removal from the Republic of Colombia.  The case has been assigned to U.S. District Judge Valerie E. Caproni.

“As alleged, Paul Regan promised high returns but, in reality, he simply used money from new investors to pay off old investors, keeping the fraud going until pointed questions were asked,” said U.S. Attorney Jay Clayton.  “There is no place in our markets for scammers, particularly those who prey on Main Street investors.  The women and men of the Southern District are committed to putting these scammers out of business permanently.”

“Paul Regan allegedly defrauded over 300 investors of more than $60 million through false promises of protected investments and guaranteed returns while using these deposits to quietly repay other entities,” said FBI Assistant Director in Charge Christopher G. Raia.  “This alleged scheme was shrouded in deceit to entice hundreds of clients before ultimately betraying their confidence and their savings.  The FBI will continue to investigate all widespread schemes exploiting the wallets of victims, regardless of where the defendant may be located.”