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ieldstreet, a platform that offers alternative investments to Main Street investors, has come under scrutiny after a report revealed that some customers who invested in real estate deals are facing significant losses. According to CNBC, some clients have lost up to 100% of their investment.

    The company, which was founded 10 years ago and has over $1.86 billion in client assets, bills itself as a leading alternative investments platform. However, the report suggests that its real estate funds may be riskier than investors were led to believe. Of 30 deals reviewed by CNBC, four have been declared total losses, while 23 are considered "at-risk" and require additional funding to avoid similar outcomes.

    Yieldstreet attributes some of these losses to rising interest rates and market conditions, which can increase the cost of capital for real estate investors. However, critics argue that the company's business model is flawed, relying on pitching high returns to retail investors who may not fully understand the risks involved.

    One financial services worker, Justin Klish, invested $400,000 in two Yieldstreet projects and has since lost a significant portion of his investment. He expressed concern that others may fall victim to similar schemes, highlighting the need for greater transparency and regulation in the alternative investments space.