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PRETEND

2101: My Wife, the Ponzi Schemer

PRETEND

Javier Leiva

True Crime, Society & Culture, Technology

4.72.2K Ratings

🗓️ 15 April 2025

⏱️ 35 minutes

🧾️ Download transcript

Summary

Interview with a man convicted of a Ponzi scheme. Bill Livolsi says he was just trying to help his wife, Linda—the ringleader of a multi-million dollar investment scam. In this episode of PRETEND, Bill opens up about how he got roped into the scheme, ignored every red flag, and ultimately landed in prison. He describes fake hedge funds, imaginary employees, and a key investor who also happened to be a self-proclaimed witch and lottery winner. But here’s the twist: Linda isn’t just any con artist. She’s the sister of the woman who tried to steal Elvis Presley’s Graceland—something we covered in a previous episode of PRETEND. Yeah, this story just got a whole lot weirder. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Creative Babel

0:03.5

This is it

0:07.9

Level 23

0:08.7

Final

0:09.3

Let's go

0:11.1

Let's go!

0:11.6

Almost!

0:12.9

Help!

0:14.8

I need power

0:16.8

Boost your broadband to turbocharge your gaming and reduce lag with EE Wi-Fi Enhancer.

0:26.6

This is broadband made for gaming. Search EEBroadband.

0:32.4

Wi-Fi Enhanceer available with SmartHop Pro and SmartHub Plus. Terms apply.

0:40.3

Bill LaVosy. Available with SmartHub Pro and SmartHub Plus. Terms Apply. Bill Lavosi told me that it all started with the Match.com profile.

0:46.3

In the early days of the internet dating, it was in, it was probably about six months after 9-11, so that tells you how long ago it was.

0:57.4

You know, I fell pretty hard.

0:59.7

When he met a fellow Wiccan by the name of Linda Lavosi, sharp, driven, and unlike anyone he'd ever met before,

1:08.6

she wasn't just ambitious, she was already successful, or at least

1:13.4

that's what she said. Linda claimed to run her own hedge fund, RGM Enterprises, promising jaw-dropping

1:20.6

returns, 40% year-over-year, unheard of. RGM, by the way, is an acronym for real good money. She even talked about her

1:30.2

league team. Her chief operating officer was from an Ivy League pedigree and had a track record

1:36.4

that rivaled that of Wall Street's best. We end up being together. We have children. Eventually,

1:43.7

they start a family. And this is where

...

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