Ponzi / Pyramid

The good faith account was neither good, nor faith, nor an account.

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.

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Ponzi / Pyramid

The forged letter, the fake bond, the brother in Orlando: a Katy Ponzi closes

Christopher Knight Lopez ran a fraudulent investment shop out of Katy, Texas for nearly ten years, forging bank letters and selling access to $2 billion in Treasury bonds that did not exist. On May 7, 2026, a federal judge called it the worst white-collar crime he had seen from the bench.

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