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.
Federal prosecutors say a Bergen County man helped move $12.5 million in stolen U.S. Treasury checks through a network of bank accounts and shell deposits. The charging documents describe something older than crypto and quieter than a Ponzi: paper, signatures, and a federal seal turned into a laundering machine.
Two brothers from Ohio invented a fake Emirati royal house, a fake hedge fund, and a fake claim on a historic industrial complex. A federal judge in Cleveland just gave them a combined forty-seven years.
Shelley Simpson sold luxury holidays that were never booked, then used the next customer's deposit to cover the last customer's lie. On May 6, a Portsmouth judge called it a dance of deception and sent her to prison for 33 months.
The SEC says a Los Angeles M&A attorney and a Long Island trader ran a leak pipeline out of global law firms for six years, turning client confidences into trades. Twenty-one defendants. Twelve-plus deals. Two fugitives.
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.
Warith Deen Muhammad sold a precious metals trade that paid 5 to 10 percent in thirty days. Federal prosecutors say the gold was a story and the investors were the inventory. On Wednesday he was sentenced to four years and two months.
John Robert Leake pitched gold mines in Ghana and villas in Costa Rica. Six investors gave him roughly $8.1 million. Federal prosecutors are now asking a California court to garnish the NFL benefits he earned as a linebacker to pay back what the court says he stole.
A Belleville tax preparer admitted in federal court this week to filing hundreds of false returns, hiding six figures of her own income while inflating her clients' deductions. The clients who trusted her with their most private numbers may now owe the government money they were told they had already handled.
David Vernon Lott told investors his Missouri Holding Group could turn one dollar into ten. A federal grand jury says the dollars went into a roof over his own head, and then into twelve careful slices when the roof was sold.
Miles Burton Marshall pleaded guilty this week to running a $50 million Ponzi scheme out of his Hamilton, New York tax practice for more than three decades. The 988 people who trusted him were mostly his own clients, and the fund that bore his promise had a name that was also its alibi.