Alleged Ponzi Scheme and Securities Law Violations Investigation Against Ryan Wear, Jordan Chirico, Water Station Management LLC, and Creative Technologies, Inc.

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, Please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com 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.

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.

About Berger Montague

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.5 billion in 2025 jury verdicts alone, the Firm is a leader in the fields of securities, antitrust, consumer protection, defective products, environmental law, employment law, and whistleblower cases, among many other practice areas.

For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com

Caitlin Adorni
Director of Portfolio and Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
cadorni@bergermontague.com