Wolves in Sheep's Clothing
A Ponzi Scheme Victim's Story
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Obtain an inside look at a real-life Ponzi scheme from the vantage point of one of its victims. We've all heard of Ponzi schemes, but what happens when you're the victim of one? After a 30-year career with the 3M Company, Pat Dougherty retired on December 1, 2022. Prior to retiring, he invested in a clean energy company called Rhino Onward International (ROI) that claimed to be seeking investors to fund a clean energy hydrogen plant in Arizona. Having friends in management positions with ROI, Dougherty considered it to be a secure investment, but that trust was soon to be shattered! In the fal...
Obtain an inside look at a real-life Ponzi scheme from the vantage point of one of its victims. We've all heard of Ponzi schemes, but what happens when you're the victim of one? After a 30-year career with the 3M Company, Pat Dougherty retired on December 1, 2022. Prior to retiring, he invested in a clean energy company called Rhino Onward International (ROI) that claimed to be seeking investors to fund a clean energy hydrogen plant in Arizona. Having friends in management positions with ROI, Dougherty considered it to be a secure investment, but that trust was soon to be shattered! In the fall of 2023, ROI shut its doors, and it was revealed that the two founders had been skimming money from ROI to pay off other business ventures, other investments, and to fund their lavish lifestyles. And as more information came to light, it was revealed that their scam involved roughly 250 investors to the tune of close to $50M. Having personally lost a good chunk of his retirement savings, Dougherty decided to tell his story and expose these two for the Con Artists they are! In Wolves in Sheep's Clothing, Dougherty chronicles his ordeal from the time of his initial investment to the revelation of the scam. Relating his experiences and utilizing his digital communication with the company's two founders, Dougherty exposes the depth of their lies and deception. Offering readers a unique look at the inner workings of a Ponzi scheme, Dougherty's firsthand account is a stark reminder that if an investment opportunity looks too good to be true, then it probably is.
