Edwin Brant Frost IV built a faith-flavored finance company in Newnan, Georgia, that promised conservative investors safe returns on bridge loans. On May 12, 2026, he pleaded guilty to wire fraud. About 300 people had already learned what the notes were really paying with.
Reddit beat earnings, raised guidance, and added $3.4 billion in market value in a single session. The CEO described the business model in four words most shareholders skipped past.
Alex Mashinsky, the man who told 1.7 million people their crypto was safe, is now sitting in a federal prison cell and writing $10 million checks to the government he defied. The rest of the bill, $4.72 billion, is suspended. Not forgiven. Suspended.
By Mark Tell · Apr 30
Daily at 6AM Eastern
See the pitch they're running today.
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The MarkTell Daily
Tomorrow's pitch, decoded today.
Financial crime intelligence. The patterns, the tells, the playbook. Daily at 6AM before anyone asks you for money.
By subscribing you agree to receive the daily MarkTell digest. Free forever. Unsubscribe anytime.