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Business • 1 min read • Sep 29, 2026

California tech CEO busted in bizarre $2M smart ring scam after ripping off British business owner

CEO of Esos Rings Inc., began the scheme in 2017 by claiming ownership of patented near-field communication (NFC) payment rings that actually belonged to UK-based company, McLear Ltd.

Staff Reporter

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California tech CEO busted in bizarre $2M smart ring scam after ripping off British business owner

CEO of Esos Rings Inc., began the scheme in 2017 by claiming ownership of patented near-field communication (NFC) payment rings that actually belonged to UK-based company, McLear Ltd.

California tech CEO busted in bizarre $2M smart ring scam after ripping off British business owner

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