A former West Virginia University basketball player has been arrested by the FBI in a fraud investigation.
Kerr Kriisa, 25, of Estonia, spent the 2023-24 season with the Mountaineers. He was arrested in connection to a multi-year, multi-million dollar fraud scheme, per Jack Pilgrim of Kentucky Sports Radio.
The alleged fraud dates back to Kriisa’s year in Morgantown several seasons ago.
Kriisa is being extradited back to West Virginia. A court appearance is scheduled for next week.
Kriisa began his career at the University of Arizona, playing three seasons there. After one year in Morgantown, Kriisa transferred to the University of Kentucky. Kriisa wrapped up his college career with a season at Cincinnati in 2025-26, facing the Mountaineers twice.
Kriisa recently signed with an Estonian professional team and was reportedly set to participate in The Basketball Tournament (TBT) this…
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