JACKSONVILLE, Fla. – Two former leaders of the Duval County teachers union are now in federal custody.
Thursday was the deadline for former Duval Teachers United president “Terrie” Brady and former vice president Ruby George to report to their designated federal prison to begin serving their sentences for fraud.
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The two admitted to a fraud scheme that prosecutors said drained millions of dollars from teachers over nearly a decade. They were sentenced in February.
Brady was given 27 months in prison, followed by three years of supervised release, and George was given 12 months and 1 day in custody, plus six months on home confinement and three years of supervised release.
The Bureau of Prisons website now shows that Brady is at FCI Marianna in the Florida panhandle. The BOP shows that George is at FMC (Federal Medical Center) Carswell, in Fort Worth, Texas.
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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