A Master Conman in His Own Words

Paul Regan, a fraudulent investment manager, orchestrated a $60 million Ponzi scheme by exploiting vulnerable, elderly individuals through his firms, Next Level Holdings and Yield Wealth. By posing as a financial expert and leveraging a network of insurance agents, Regan promised guaranteed, risk-free returns of up to 15 percent, often using religious language and manufactured credentials to build trust. His strategy involved complex, fabricated explanations regarding gold trading and health insurance policies to confuse potential investors. The scheme collapsed after investigative reporting by Jason Zweig exposed the lack of legitimacy behind Regan’s claims, leading to federal investigations and a guilty plea in 2025. This case highlights how con artists prey on the financial desperation of the elderly rather than just the greed of the wealthy, leaving victims with significant financial loss and emotional distress.