U.S. Attorney Dominick S. Gerace II announced on April 10 enforcement actions against violators of tax laws, including a social media influencer who orchestrated a $20 million real estate Ponzi scheme and committed tax fraud to further that scheme, according to a release from the U.S. Attorney’s Office, Southern District of Ohio
“As we close out tax season for the year, I want to remind the public that this office will aggressively pursue those who cheat the tax system or otherwise steal from the U.S. Treasury,” Gerace said in the release. “We will not tolerate fraud—whether committed against the government or private citizens.”
Tyler Bossetti, 31, of Columbus, was sentenced in federal court to 72 months in prison. He received more than $23 million in investments from victim investors throughout the United States and abroad. In total, dozens of investors lost more than $11 million.
According to court documents, from 2019 until 2023, Bossetti widely publicized what he described as a real estate investment program. Through his company Boss Lifestyle LLC, Bossetti guaranteed large rates of return for short-term investments. He advertised the investments, often promising a rate of return of 30 percent or more, through social media, especially Facebook and YouTube.
Bossetti also caused the issuance and filing of approximately 14 false and fraudulent 1099-INT tax forms. He filed the IRS forms to report interest income for investors who did not earn interest. Bossetti claimed he had reinvested victims’ interest earnings when in fact he had not, while admitting to misappropriating investor funds to further his lifestyle and make purchases like rental payments on a condo in downtown Columbus, frequent travel, a $150,000 Mercedes SUV and various cryptocurrency investments.
Bossetti was charged with a bill of information in April 2025 and pleaded guilty in June 2025 to wire fraud and aiding in a false tax filing.