LITTLE ROCK – The Arkansas Department of Human Services (DHS) will require all Summer EBT (SEBT) recipients to reset the PIN numbers associated with their cards in response to reports of thefts of these benefits from out-of-state scammers.
Eligible families should reset their PINs through the EBT call line at 1-800-997-9999 or through the online portal linked at ar.gov/summerebt effective immediately. The cards will not work until this additional step has been completed in order to prevent additional fraudulent activity.
“Stealing benefits meant to feed children during the summer is a despicable and heinous crime, and the Arkansas Department of Human Services (DHS) is outraged that some families in our state have been victimized,” said DHS Secretary Janet Mann. “We know that resetting the PIN may present an inconvenience to families, but this is a necessary step to thwart ongoing…
THE BHI TRUST PONZI SCHEME (SOUTH AFRICA)
Date: Ongoing updates through February 2026 Perpetrator: Craig Warriner (Principal), with alleged co-conspirators
Case Description: The BHI Trust scandal remains one of South Africa’s most devastating financial crimes, involving the loss of between R1.9 billion and R3 billion. Craig Warriner, the “genius trader” behind the trust, turned himself in during late 2023, but the legal and recovery battles reached a fever pitch in 2025 and 2026. Warriner operated the trust as a textbook Ponzi scheme, utilizing “Old Boy” networks and high-profile brokers to lure in pensioners and high-net-worth individuals with promises of 20% annual returns.
In early 2025, the National Prosecuting Authority (NPA) faced heavy criticism for “provisionally withdrawing” charges against alleged co-conspirators Michael Haldane and Sona Pillay. However, civil recovery efforts by joint trustees have continued into 2026, aiming to claw back hundreds of millions in “fictitious profits” from early investors to redistribute to those who lost everything. The case is a masterclass in the failure of fiduciary duty; the FSCA eventually banned several advisors for up to 30 years for peddling the unlicensed scheme despite clear red flags, such as the lack of a website, the absence of regulated financial reports, and a fee structure that was triple the industry average.
Link to Original: Moneyweb – BHI Trust Scandal Deep Dive