Former Superintendent Millicent Borishade filed a lawsuit Friday claiming that she was wrongfully fired by St. Louis Public Schools, the victim of a smear campaign and retaliaiton for whistleblowing.
Borishade led the school district on an interim and then permanent basis from July 2024 to October 2025. At the time of her firing, the district said in a statement that “a change in leadership is necessary to move the district forward and strengthen confidence in its future direction.”
The lawsuit lists SLPS, the union that represents its teachers and multiple individuals as defendants.
“Every individual has the right to pursue legal action, and the courts are responsible for determining the merits and outcome of claims,” said SLPS Board President Karen Collins-Adams. “Our focus remains where it belongs — on educating students, supporting our staff, and continuing the important work…
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