CORPUS CHRISTI, Texas — Seven people are facing charges after being accused of stealing from Nueces County.
According to court documents, a Nueces County grand jury indicted Francisca Grimaldo-Herrera on Oct. 8 on charges of theft, engaging in organized criminal activity, and fraudulently obtaining benefits.
According to Grimaldo-Herrera’s indictment, the theft occurred between Aug. 28, 2000, and Sept. 13, 2023. The money taken was between $2,500 and $30,000.
Grimaldo-Herrera, 67, has been arrested. Her bond has been set at $50,000.
The indictment states six others were involved in the scheme, including:
- Veronica Herrera Ayala
- Juan Francisco Hernandez
- Sandra Herrera
- Luis Enrique Zamora
- Mireya Herrera Grimaldo
- Rachel Vasquez
According to the indictment, all seven worked together to obtain benefits they were not eligible for.
According to Sheriff J.C. Hooper, he believes at least…
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