Financial Influencer Sentenced to 6 Years for Wire Fraud

Tyler Bosetti's investment scheme defrauded dozens of victims out of over $11 million.

Apr. 11, 2026 at 9:37pm

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An extreme close-up photograph of a crumpled, torn financial document or investment contract, lit by a harsh, direct camera flash against a pitch-black background, creating a stark, gritty, investigative aesthetic.A harsh flash photograph of evidence from a financial fraud case exposes the stark realities of unregulated social media investment schemes.Columbus Today

A 31-year-old financial advice influencer named Tyler Bosetti was sentenced in an Ohio federal court to 6 years in prison for wire fraud and aiding in the filing of false tax returns. Bosetti promoted his Boss Lifestyle LLC company on social media, promising large returns on short-term real estate investments, but instead used the $23 million he received from dozens of victims for personal expenses like rent, travel, and cryptocurrency investments.

Why it matters

This case highlights the risks of investing with unregulated social media influencers who make unrealistic promises of high returns. It also underscores the importance of thorough due diligence when considering any investment opportunity, especially those promoted through online channels.

The details

According to federal prosecutors, Bosetti used Facebook and YouTube to advertise investment returns as high as 30% or more through his Boss Lifestyle LLC company. He received $23 million from dozens of victims, but they ultimately lost over $11 million as a result of the scheme. Bosetti also filed around 14 false tax forms, claiming he had reinvested the interest from his victims' investments when he had not. Instead, he spent the money on personal expenses like rent, travel, a luxury vehicle, and cryptocurrency investments.

  • Bosetti was first charged in April 2025.
  • He pleaded guilty to the charges against him in June 2025.
  • Bosetti will begin serving his 6-year sentence in July.

The players

Tyler Bosetti

A 31-year-old financial advice influencer who promoted an investment scheme through his Boss Lifestyle LLC company, defrauding dozens of victims out of over $11 million.

Boss Lifestyle LLC

A company founded by Tyler Bosetti that he used to promote an investment scheme on social media, promising unrealistic returns to defraud victims.

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What’s next

Bosetti will be required to pay over $12.5 million in restitution to his victims.

The takeaway

This case serves as a cautionary tale about the dangers of blindly trusting financial advice from unverified social media personalities. Investors must exercise extreme caution and thoroughly research any investment opportunity, especially those promoted through online channels, to avoid falling victim to fraud.