If you were on YouTube in the mid-2010s, you probably saw an advertisement that became known simply as “Here in My Garage.” The ad featured a man named Tai Lopez unenthusiastically showing off a “new Lamborghini” he bought while trying to get you to buy his course called “67 Steps to Wealth, Health, Love, and Happiness.”

Lopez quickly became a meme, with internet users making fun of his bizarre behavior and obviously false claims (for example, Lopez repeatedly says he reads a book a day; later videos reveal that he basically just looks at a few pages and the table of contents and guesses what the book is probably about. That, or he has a friend read it and summarize the main points).

Since his meme days, Lopez has been busy. He joined with Zoosk co-founder Alex Mehr to create Retail eCommerce Ventures (REV), which effectively took brick-and-mortar chains that were losing interest, such as RadioShack, shut down their locations, then tried to fully pivot the business to eCommerce.

How did that go, you ask? Well, the Securities and Exchange Commission (SEC) now alleges the whole thing was a Ponzi scheme.

In short, the company allegedly lured investors with promises of insanely high returns — up to 25 percent annually on unsecured notes and monthly payouts of up to 2 percent on equity. They also claimed that the money invested would go toward reviving bankrupt retail brands like RadioShack, Pier 1 Imports and Modell’s Sporting Goods.

Instead, the SEC says they misled investors about company performance, used funds from new investors to pay earlier ones, and diverted at least $16.1 million for personal use. Also, none of the portfolio companies ever turned a profit. That tends to be a problem in business!

Only time will tell to see which of these allegations stick, but if they do, Lopez might want to consider finally selling that Lamborghini — or, if things get really bad, Airbnb’ing out that garage.