Pump & Dump

The office was a shipping store. The payroll was $27 million in cash.

Florida authorities say a family in West Palm Beach ran three construction companies out of a shipping store, cashed $27 million in checks without a license, and rented insurance certificates to uninsured crews. The address was a mailbox. The payroll was cash in envelopes.

By Mark Tell · Jul 28

Latest

Ponzi / Pyramid

The certificate said covered. The job site said cash. The gap was the business.

For nearly nine years, an Orlando plastering company sold a paper promise to hundreds of subcontractors: insurance certificates that looked real and a payroll channel that ran in cash. On May 6, 2026, a federal judge put numbers on what it cost.

By Elena Ruiz · May 6

The office was a shipping store. The payroll was $27 million in cash.

The certificate said covered. The job site said cash. The gap was the business.

See the pitch they're running today.

The MarkTell Daily