RadioShack, Pier 1 Imports owners accused of operating $112 million Ponzi scheme

Fox Business ^ | 9/25/25 | Daniella Genomes

[Libloather]

I'm kinda surprised folks can still pull off a Ponzi scheme these days.

[E. Pluribus Unum]

I miss Radio Shack.

[fruser1]

Social Security employees?

[mikey_hates_everything]

They sold unsecured notes that promised returns of up to 25% a year, and ownership shares that offered monthly payouts as high as 2%, according to the complaint.

[shelterguy]

“””I miss Radio Shack.”””

Can I get your phone number??

[Dalberg-Acton]

I also miss Radio Shack.

[broken_clock]

Made a few cool Heath kits at the Shack. Sad it went under.

[Dr. Sivana]

If you liked Heath kits, you would have LOVED Lafayette Electronics.

[Flash Bazbeaux]

The investors were clearly not being Realistic.

[citizen]

I could say “I miss Radio Shack” too.

But I was a different person, back then, and so was the world.

Radio Shack was big when we had, well...radios.

[Leaning Right]

> I miss Radio Shack. <

Me too. I taught physics for many years. And sometimes I would need a specific resistor for a demonstration, let’s say a 5 ohm one.

If I didn’t have one, I could fill out a school purchase form, then send it up the line. Then I’d get my resistor in about three months.

Or I could go down to my local Radio Shack, and buy a two-pack of 5 ohm resistors for a dollar.

[dfwgator]

I miss Fry’s.

[No name given]

Just look at Schwartz Gyorgy and the other demonrats.

[Fresh Wind]

Can I get your phone number??

LOL!

That was my biggest gripe about Radio Shack. You go would in to buy a 50 cent item, like a battery, and they would demand your name, address, and phone number.

[frank ballenger]

Radio Shack.

Where can we go now to get the cassette player head cleaning fluid with little Q-tips?

Not to mention the DVD rewinders on sale.
They used to be somewhere in the back of the store, I think.
Never found them.

[Preachin']

eBay sells that.

[Larry Lucido]

That does not compute.

[frank ballenger]

I feel so much better now.

[PAR35]

unsecured notes that promised returns of up to 25% a year

Well, anything greater than zero would meet an 'up to' promise. That's a cap, not a minimum.

Promising 24% a year in dividends (2% a month) - "as high as" - well, that sounds like a cap as well.

[PAR35]

unsecured notes that promised returns of up to 25% a year

Well, anything greater than zero would meet an 'up to' promise. That's a cap, not a minimum.

Promising 24% a year in dividends (2% a month) - "as high as" - well, that sounds like a cap as well.