Democratic Govs. Kathy Hochul and Gavin Newsom turned a blind eye to the billions of dollars in Medicaid fraud they let go down the drain, Medicaid czar Dr. Mehmet Oz alleged Sunday.
“Some governors have not been serious about these problems. I’m going to single out [Tim] Walz in Minnesota, Gov. [Gavin] Newsom in California and Gov. [Kathy] Hochul here in New York,” Oz, the administrator of the Centers for Medicare and Medicaid Services, said on 77 WABC’s “Cats Roundtable” program.
Medicaid is the public health insurance program for those in need, with costs split among the federal, state and local governments.
Oz announced last week that his office is conducting an extensive probe of the Hochul…
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