Crypto

Thirteen cents of every dollar touched a mining rig. The rest built the pitch.

The SEC says Zan Shaikh sold guaranteed monthly returns from a crypto mining operation to more than 380 investors. According to the complaint, only about thirteen cents of every dollar was ever spent on mining.

By Nico Reyes · Jul 28
Latest
Ponzi / Pyramid

The premium got paid. The policy never existed.

Brendan and Lisa Lawler ran a small insurance brokerage in Fairhaven, Massachusetts. Federal prosecutors say the premiums their clients paid never reached the insurers. The paperwork said otherwise.

By Elena Ruiz · Jul 27
Daily at 6AM Eastern

See the pitch they're running today.

Financial crime intelligence. The patterns, the tells, the playbook. Daily at 6AM before anyone asks you for money.

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