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Buyers of Radio Shack, Pier 1 Imports and other brands accused of running $112 million Ponzi scheme

By Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Updated on: September 26, 2025 / 11:32 AM EDT / CBS News A pair of e-commerce entrepreneurs who bought a number of well-known retail brands — including RadioShack, Modell's Sporting Goods and Pier 1 Imports — out of bankrup...

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