Ryan R. Wear; Water Station Management LLC; Creative Technologies, Inc.; Refreshing USA, LLC; Ideal Property Investments LLC; Jordan Chirico

The U.S. Securities and Exchange Commission charged Ryan Wear, his entities, Water Station Management LLC, and Creative Technologies, Inc., for operating two related Ponzi-like schemes that raised over $275 million from more than 250 investors between September 2016 and February 2024. These defendants allegedly misappropriated investor funds to make Ponzi-like payments and fund their other business ventures.