For three decades, Miles Burton Marshall did taxes for his neighbors in Hamilton, New York, and sold them shares in something he called the Eight Percent Fund. On June 11, 2026, a judge entered $85 million in judgments against him for 988 people who thought they had savings.
Federal prosecutors say Winston Batino, a minister at the Chicago Church of Christ's North Ministry Center, spent five years collecting money from about 40 of his own congregants for luxury rehab facilities that never existed. The pews were the pipeline.
Daniel Pugh sold a trader's life on Facebook from a bedroom in Devon. The FCA has now secured £452,286.80 in compensation. The math of what he actually traded is the part that should stop you.
Utah's Division of Securities issued an emergency cease-and-desist on June 1 against BG Wealth Sharing, a crypto pyramid that promised 60% monthly returns and ran on an AI-generated founder. The machine collapsed the same week. The fees to "release" the money kept coming.
For six years, Shivananda Neelannavar paid 3% a month like clockwork to investors across Karnataka and Maharashtra. The CID now says the clockwork was the trap.
Federal prosecutors say John Sterling Myers raised $4 million from 28 people and lost most of it before anyone knew the statements were fake. The arraignment is Friday.