April 28 (UPI) — Federal agents have again descended upon Minneapolis Tuesday, this time to raid businesses as part of an investigation into welfare fraud.
More than 20 search warrants have been executed in Minnesota in relation to the investigation on Tuesday morning, NBC News, CBS News and CNN reported citing unnamed sources. The raids are not part of immigration enforcement.
“Today, the FBI with federal, state and local law enforcement is involved in court-authorized law enforcement activity as part of an ongoing fraud investigation, ” a Justice Department spokesperson said in a statement.
There have not been any arrests made in the raids.
Ninety-two people have been charged in relation to welfare in Minnesota fraud since 2021.
President Donald Trump has targeted Minnesota’s Somali population in his allegations of widespread fraud in the state, echoing claims by conservative…
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