Chanise Coyne of New Boston, Michigan pleaded guilty on May 19 to wiring a family out of $4.6 million in fake modeling fees. Federal prosecutors say the money funded her gambling, not her client's daughter.
A transnational call-center operation allegedly turned the oldest human instinct, the urge to protect a grandchild, into a script. The runners drove Ubers. The closers wore suits no one ever saw.
John Walters was the chief compliance officer at Northwest Capital. On May 18, 2026, he became the first person sentenced in a $72 million Ponzi case that ran for ten years. The lock was inside the door.
Absalom Hall walked into a federal relief program designed for businesses that did not exist and walked out with $85,401. On May 15, a judge sent him to prison for three years. The door he used is still open for thousands of others.
A Boston jury found Takeda liable for paying a generic rival to stay off the market, delaying a cheaper version of Amitiza by roughly six years. The single-damages number is $885 million. Antitrust law triples it.
For eight years, IM Mastery Academy sold young people a trading education backed by Bentleys and Bulgari watches. The FTC says the trainers had no trading records, the claims were baseless, and the lifestyle was the product. The receipts are now in receivership.
Jordan Khammar pleaded guilty in federal court in Brooklyn this week to a decade of wire fraud and money laundering. The machine that moved the money was the same machine he was hired to protect.
A Calgary realtor sold bridge loans for real estate deals that never existed. Four years later, Alberta's regulator cut the largest assurance fund cheque in its forty-year history. It covered less than half the loss.
The last defendant in California's largest Ponzi scheme was sentenced this spring. The fraud ran on solar generators most of which were never built, sold to investors who wanted the tax credit and believed the paperwork.
Roody Metelus ran a tax shop in Dania Beach. The government says he turned wage earners into fake sole proprietors and skimmed a percentage off every PPP loan that cleared. He pleaded guilty last week.
For four months in 2022, a Telegram-promoted app called Global Media paid Indians small amounts to watch advertisements. Then it disappeared with roughly ₹45.33 crore (about $5.4M USD), and the people running it had Cambodian and Malaysian phone numbers.
Olena Oblamska called herself the goddess of Forsage and told investors the blockchain made fraud impossible. A federal indictment in Oregon says the code itself was the trap.
Christopher Delgado told a television camera he failed his investors. The federal complaint says he ran a three-year crypto Ponzi that drained more than 2,000 people while he bought houses, watches, and silence. The math of what remained tells the rest.
Arsen Lusher told more than twenty investors he ran a profitable trucking company with contracts at major retailers. Federal prosecutors say the trucks were a story, the returns were other people's money, and the falsified bank statements were the last room of the house before it came down.
Christopher Knight Lopez ran a Houston investment shop for nearly ten years on forged bank letters and a fictional $2 billion in Treasury bonds. On May 7, 2026, a federal judge called it the most offensive white-collar crime he had seen.
A former Daishin Securities department head, an influencer's husband, and a man who reportedly compared himself to the lead of a Korean heist film were indicted this week in Seoul. The prosecution says the scheme used cash in a bag, burner phones, and dozens of borrowed-name accounts to move a single KOSDAQ stock.
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.
A Rochester man joins the long line of defendants ordered to repay millions in the largest pandemic fraud in American history. The meals were on paper. The money was not.
Xu Qing fled China in November 2024 after allegedly running a $245M Ponzi scheme. He spent seventeen months inside a factory in Ogun State before Nigerian police walked in. The arrest is a story about where machines go when they stop running.
Federal prosecutors say a ring of lawyers, traders, and tipsters turned the inside of merger negotiations into a private market. Thirty people are charged. The conference room was the leak.