2 Face Charges Over $200M Water Vending Machine Fraud

By Katryna Perera · August 14, 2025, 10:10 PM EDT

A Washington business executive and a former investment adviser were hit with civil and criminal charges in New York federal court Thursday stemming from an alleged yearslong $200 million Ponzi scheme that...

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Documents

Case Information

Case Title

Securities and Exchange Commission v. Wear et al

Case Number

1:25-cv-06713

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

August 14, 2025


Case Title

Securities and Exchange Commission v. Chirico

Case Number

1:25-cv-06715

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

August 14, 2025


Case Title

USA v. WEAR

Case Number

1:25-cr-00365

Court

New York Southern

Nature of Suit

Date Filed

August 13, 2025