Kondagaon Police arrested five men this week in an alleged ₹12 crore ($1.4M USD) loan scheme that ran through 43 teachers' salary accounts. The pitch was simple. The math was the trap.
Jason Lottman pleaded guilty to wire fraud on July 6, 2026, after running a wedding venue that took full payment for weddings it never intended to deliver. The couples paid vendors twice. Some never walked down the aisle at all.
A Fort McMurray travel agency at the Peter Pond Mall took payments for flights and hotels that were never booked. Seven years later, the RCMP issued a warrant. The people who found out first were standing at check-in counters far from home.
A fake corporate office in Varanasi processed ₹4 crore in a year by selling jobs that did not exist to youths who could not afford to be wrong. What they got instead was a bar of soap and a quota of three cousins.
A federal indictment unsealed this month alleges Richard Reinaldo Garcia turned faith into a wire-transfer instruction, routing more than $3.2 million from over fifty believers into accounts named for a ministry that mostly existed on paperwork.
Brandon Ellington branded himself "Mr. Finance" on Chicago television, radio, and billboards. The Illinois Secretary of State now calls his operation a Ponzi-like scheme with a closeout date already on the calendar.