Over the phone, Paul Regan offered prospective clients something that sounded too good to be true: investments with guaranteed returns of 10-15%. It was all part of a multimillion-dollar Ponzi scheme. WSJ’s Jason Zweig obtained hours of recorded phone calls, in which Regan seduced his victims, who were often older and needed help. Ryan Knutson hosts. Further Listening: - An Influencer’s False Promise to Make His Followers Rich - Pig Butchering: A Texting Scam With a Crypto Twist Sign up for WSJ’s free What’s News newsletter.Learn more about your ad choices. Visit megaphone.fm/adchoices