News Summary

• The Radio Shack brand was picked up a few years ago by a company known as Retail Ecommerce Ventures (REV) The company’s modus operandi was to take well-known but beleaguered brands and relaunch them as online-only operations.
• Beyond Radio Shack, REV also owned a number of other notable brand names, like Pier 1, Modell's Sporting Goods, and Dress Barn.
• The SEC has charged that the company was paying investor returns with cash raised from other investors — unsustainable, and a major no-no, legally speaking.