The SEC alleges RAD Diversified REIT told 5,500 retail investors their money was buying rental houses. The complaint says the houses were foreclosing while the founders wired themselves federal tax payments, private jet charters, and pawn shop runs.
William Thomas Engle, a 68-year-old former attorney in Southlake, Texas, told small business owners their upfront money would sit in secure accounts until their loans funded. It sat in his personal accounts instead, and then it sat on a yacht.
Alicia England filed fake deeds using stolen identities from the living and the dead, then sold houses she never owned to buyers who found the listings on Facebook Marketplace. On July 14, 2026, a federal judge sent her to prison for 75 months.
Jennifer Fleener spent nine years learning how her employer paid claims. Then she spent five more years turning that knowledge into $1.2 million, a network of fake policyholders in the Philippines, and eight federal sentences handed down this summer in the Southern District of Indiana.
An Ohio couple who ran a behavioral-health clinic in Franklin County are accused of billing Medicaid $9.3 million for therapy that prosecutors say never happened, using refugee families as unknowing entries in a ledger. They are believed to be out of the country.
Kitcha Veerbhadra Rao was released because prosecutors missed a filing deadline. The victims he allegedly took from were still waiting for their money when Andhra police put him back in a cell.