Clayton Morris -- a former host of Fox & Friends -- was part owner of Oceanpointe, a company that sold turnkey landlord services in Indianapolis to investors who could send Oceanpointe money, which the company would invest in properties that they would repair and rent out. Investors in the scheme -- mostly out of towners, many of them attracted by Morris's Youtube videos promising great returns with no work on their part -- say it was a Ponzi scheme and that Morris and his partner Bert Whalen did substandard repairs that left investors in the position of being slumlords who were liable for unsafe living conditions for their tenants.

BING NEWS:
  • Investors claim Ponzi scheme used to rescue Greenville's Camperdown from mounting debts
    A lawsuit claims WCM Global Wealth, Erik Weir & James Blair created a Ponzi scheme to prop up the riverfront Camperdown and Bowater projects in Greenville.
    04/28/2024 - 11:00 pm | View Link
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