Berger Montague PC Investigates Alleged Ponzi Scheme and Securities Law Violations By Ryan Wear, Jordan Chirico, Water Station Management LLC, and Creative Technologies, Inc.

PHILADELPHIA, Aug. 15, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC is investigating potential securities violations, breaches of fiduciary duty, and other claims against Ryan Wear ("Wear"), Water Station Management LLC ("Water Station"), Creative Technologies, Inc. ("Creative"), and Jordan Chirico ("Chirico") in connection with an alleged Ponzi scheme by which these individuals and entities unlawfully raised more than $275 million.

If you purchased investment contracts or notes from, or issued by, Wear, Water Station, Creative, or Chirico, or if you otherwise invested monies with those parties and have questions concerning your rights and interests or would like more information about Berger Montague's investigation, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267)764-4865. 

On August 14, 2025, the Securities and Exchange Commission sued Wear, Water Station, and Creative in the U.S. District Court for the Southern District of New York for violations of the federal securities laws arising from a Ponzi scheme operated by Wear through Water Station and Creative, two entities that Wear formed and controlled. According to the lawsuit, more than 250 investors were impacted.

Separately, the SEC sued Chirico for breaches of fiduciary duties to an institutional client in violation of the federal securities laws.

Also on August 14, 2025, the U.S. Attorney's Office for the Southern District of New York announced the filing of criminal charges against both Wear and Chirico stemming from the alleged Ponzi scheme.

About Berger Montague
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago, Malvern, PA, and Toronto, Ontario has been a pioneer in litigation on behalf of aggrieved investors since the firm's founding in 1970. Berger Montague has represented individual and institutional investors for over five decades in a wide array of securities fraud and Ponzi scheme litigation and serves as lead counsel in courts throughout the United States.

For more information or to discuss your rights, please contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]

Caitlin Adorni
Director of Portfolio and Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
[email protected]

SOURCE Berger Montague