Overview

• Paul Bilzerian, convicted in 1989 for securities fraud, allegedly funneled hidden assets through Ignite to avoid paying $180 million owed to the SEC.
• Dan Bilzerian, known for his poker and social media fame, is named as a figurehead CEO of Ignite, though real control rested with his father.
• The indictment includes charges of wire fraud, securities fraud, and conspiracy against Paul Bilzerian, Ignite International Brands Ltd., and accountant Scott Rohleder.
• Rohleder is accused of falsifying Dan Bilzerian's tax returns, resulting in a $1.5 million tax loss for the IRS from 2018 to 2020.
• Prosecutors claim Ignite misled investors by inflating sales figures and corporate valuation, adding $84 million to its worth through fraudulent activities.