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A woman allegedly tied to Minnesota’s massive “Feeding Our Future” scandal has been charged in a daycare fraud scheme after being featured in a viral video by influencer Nick Shirley, authorities said.
She is accused of pocketing millions of dollars meant for children’s meals.
Fahima Egeh Mahamud was charged Wednesday with wire fraud and conspiracy to defraud the United States, according to court documents.
STATE OFFICIALS AND DAYCARE MANAGER PUSH BACK ON VIRAL VIDEO FRAUD ALLEGATIONS IN MINNESOTA
Fahima Egeh Mahamud, left, is the owner of a daycare that was featured in a viral video by Nick Shirley. On Wednesday, she was charged in another fraud case in Minnesota. (Getty Images; Hennepin County jail)
Earlier this year, Mahamud was indicted for her alleged role in the initial $250 million “Feeding Our Future” scheme. Prosecutors allege she…
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