Tyler Bossetti pleaded guilty to wire fraud and aiding in a false tax filing.
COLUMBUS, Ohio — A local social media finance influencer pleaded guilty Friday to federal crimes related to a real estate Ponzi scheme, according to Acting United States Attorney Kelly A. Norris.
The attorney’s office said 31-year-old Tyler Bossetti, of Columbus, received more than $23 million in investments from investors around the United States and abroad. Dozens of investors reportedly lost more than $11 million.
He pleaded guilty to wire fraud and aiding in a false tax filing.
According to court documents, from 2019 until 2023, Bossetti widely publicized what he described as a real estate investment program. Through his company, he guaranteed large rates of return for short-term investments and often promised a rate of return of 30% or more through social media.
A plea agreement details that Bossetti also caused the issuance and filing of approximately 14 false and fraudulent 1099-INT tax forms.
Bossetti admitted to using investor funds to make purchases, including rental payments on a condo in downtown Columbus, frequent travel, a $150,000 Mercedes SUV and several cryptocurrency investments.
Wire fraud is punishable by up to 20 years in prison and aiding in a false filing carries a potential maximum penalty of up to three years in prison.
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