NEW ORLEANS (WVUE) – A federal jury found prominent injury attorneys Vanessa Motta and Jason Giles guilty Friday on multiple charges in an alleged staged wreck scheme, and both were later handcuffed and remanded to federal custody as they await sentencing.
Federal prosecutors said the case centered on a scheme in which so-called slammers intentionally crashed into 18-wheelers, allowing participants to file lawsuits and seek insurance payouts. Prosecutors argued Motta and Giles helped profit from those wrecks through their law practices.
U.S. District Judge Wendy Vitter read the verdict after jurors deliberated for over five hours Friday.
Giles was found guilty of conspiracy to commit mail fraud and wire fraud, mail fraud, obstruction of justice and witness tampering. Motta was found guilty of conspiracy to commit mail fraud and wire fraud, two counts of mail fraud, obstruction of…
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