MINNEAPOLIS (AP) — Authorities say a Minnesota man charged with helping to orchestrate a $250 million fraud scheme has been taken into custody in Somalia.
Abdikerm Abdelahi Eidleh, 42, of Burnsville, Minnesota, was taken into custody Thursday in Mogadishu, U.S. Attorney Daniel Rosen said in a news release. Court documents do not show if Eidleh has obtained an attorney, and he has not yet had an opportunity to enter a plea in the case.
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Eidleh is one of dozens of people who were indicted in 2022 in connection with what prosecutors said was a massive scheme to defraud a federal meals program.
According to court documents, Eidleh was an employee of Feeding Our Future, an organization that claimed it helped provide millions of meals to children in need during the pandemic under a federal child nutrition program. But prosecutors say just a small portion of the…
THE HASHFLARE “CLOUD MINING” PONZI SCHEME (GLOBAL/ESTONIA)
Date: February 13, 2025 (Guilty Pleas) Perpetrators: Sergei Potapenko and Ivan Turogin
Case Description: This $577 million cryptocurrency fraud remains one of the largest digital asset scams in history, with major legal developments concluding in 2025. Potapenko and Turogin operated “Hashflare,” which they marketed as a massive cryptocurrency mining operation. Hundreds of thousands of victims worldwide purchased “mining contracts,” believing they were renting hash power to mine Bitcoin. In reality, the duo was running a sophisticated Ponzi scheme.
They created fake customer dashboards that showed “real-time” mining profits, but the money being paid out was simply the capital of newer investors. They laundered the proceeds through shell companies to purchase luxury real estate and a fleet of high-end vehicles. After a massive international investigation involving the FBI and Estonian authorities, the pair agreed to forfeit over $400 million in assets. This case underscores the “Cyber-enabled Fraud” warning issued by the FATF in early 2026: as technology evolves, the scale of fraud moves from local millions to global billions in the blink of an eye.
Link to Original: ACFE – High Profile Fraud of 2025