Former "Survivor" contestant Michael Skupin pleaded guilty in a ponzi scheme on Monday, Michigan Attorney General Bill Schuette announced.
Skupin, 54, pleaded guilty to one count of larceny by conversion and agreed to pay $30,000 in restitution to his victims.
He was charged in February with three counts of larceny by conversion and racketeering as well as possessing child sexually abuse materials.
It is believed the Skupin recruited investors and friends to take part in a "gifting scheme" called Pay it Forward. The victims made cash investments, and then the money would cycle through a chart.
Most people lost all of their money.