GRAND TRAVERSE COUNTY, Mich., (WPBN/WGTU) — A Kingsley man who was arrested for contractor fraud in January 2026 is now formally charged with four counts of contractor fraud fraudulent use of building contract funds.
According to Michigan State Police, Travis Reimer, 55, was arrested on January 28 after a police investigation revealed that he had done more than $400,000 worth of home additions and construction projects and failed to pay subcontractors who helped complete some of the work.
Troopers said Reimer instead used the money for personal gain.
Following a formal review, the Benzie County Prosecuting Office authorized a warrant for his arrest.
Reimer was then arraigned on January 29 in the 85th District Court on two counts of contractor fraud, fraudulent use of building contract funds.
The Grand Traverse Prosecuting Attorney’s Office charged Reimer with four counts of contractor…
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