Overview
- Regan pleaded guilty to three felony fraud charges in March after prosecutors said his firms Next Level Holdings and Yield Wealth raised more than $60 million from over 300 investors.
- Prosecutors and records show the operation promised guaranteed 10–15% annual returns and principal protection while using forged documents to reassure clients.
- Investigators used recorded sales calls to show rehearsed, emotionally driven pitches that targeted retirees and taught agents how to overcome doubts.
- Regulators say tens of millions were misappropriated and used to pay earlier investors, the SEC alleged at least $50 million was taken, and his plea requires full restitution with sentencing set for August 2026.
- The case highlights key red flags for fraud: claims of government approval, guaranteed high returns, heavy use of insurance agents paid up to 15% commissions, and lavish incentives such as a 2024 Medellín event.