The SEC charged a podcast host for running an $11 million Ponzi scheme it says helped fund a lakeside mansion and courtside NBA seats

• The SEC charged Matthew Motil for fraudulently raising $11 million in a Ponzi scheme.
• Motil, the host of "The Cash Flow King" podcast, roped in more than 50 investors, the SEC said. 
• The complaint said Motil invited potential investors to "be a real estate investing badass!" 

The Securities and Exchange Commission on Monday announced that it had charged Matthew Motil, the host of the podcast "The Cash Flow King," for running a real estate Ponzi scheme that raised roughly $11 million.