FARGO — Newly released search warrants reveal the sophistication of a large-scale bank fraud scheme across the Fargo-Moorhead metro and identify additional suspects involved.
Angela Lipps of Tennessee
spent months in jail before she was released after Fargo authorities discovered there may have been a facial recognition error.
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According to the warrants, Noelle Bilbrough, 49, of New Jersey has confessed to her involvement and is facing multiple charges in Cass County as part of the alleged bank fraud scheme. She was also identified using facial recognition, according to the documents.
Contributed / Cass County Jail
In total, the warrants show more than $67,000 was stolen from local banks and credit unions. Bilbrough claims Jordan Potts of New York recruited her. Richard Jackson of Florida was also encountered by West Fargo police,…
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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