Miles Guo built a movement, a media empire, and a coin. Prosecutors say he built them on the savings of Chinese immigrants who thought they were funding a revolution. On June 29, a federal judge sent him away for thirty years. His fans still came.
On June 24, 2026, Tricolor's former COO admitted he helped pledge the same car loans to multiple banks. The borrowers were Hispanic immigrants buying used cars. The shortfall was eight hundred million dollars.
An Italian citizen running a New York investment advisory firm sold investors what looked like access to private company shares. Federal prosecutors say the shares did not exist. A judge sentenced him to four years.
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.
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.