A Columbus social media influencer with a large following is facing federal charges in what authorities called a fraudulent real estate investment scheme.
Court documents said investors lost more than $11 million because of Tyler Bossetti's investment scheme.
Bossetti has been charged in U.S. District Court in Columbus with wire fraud and aiding in the filing of a false or fraudulent document. Records state he owned and operated Boss Lifestyle LLC.
Court documents allege that Bossetti solicited short-term real estate investments promising high returns, and they were frequently 30% or more.
According to records, Bossetti gave investors promissory notes falsely claiming that the investments were risk-free and secured by real estate that he owned.
The documents allege that Bossetti knew he could not cover the obligations he was taking on in the promissory notes.
Records also claim that Bossetti spent investment funds on personal expenses, such as luxury housing and vehicles, and on unauthorized cryptocurrency investments, many of which lost large amounts of money.
Bossetti received more than $20 million from investors, court documents said.
The documents said the acts occurred between Sept. 2019 and June 2023.
Bossetti has hosted the All for Nothing podcast. He has 1 million followers on Instagram, which lists him as an entrepreneur and consultant.
A hearing has been set for June 13.
He's also faced 12 civil lawsuits in Franklin County Common Pleas Court. Half of those lawsuits remain active.