Matthew Piercey raised $35 million from neighbors and churchgoers in Redding, then tried to disappear into Lake Shasta with a battery-powered underwater scooter when the FBI came for him. On May 21, 2026, a federal judge gave him 30 years.
By Mark Tell · May 21
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Financial crime intelligence. The patterns, the tells, the playbook. Daily at 6AM before anyone asks you for money.
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