During normal times, the president of the United States would not routinely claim, without evidence, an epidemic of “voter fraud.” But Donald Trump is on another tirade about supposed fraud — this time in California’s primary elections. If there’s any good news, though, the publicity and pushback against his claims will inoculate the public against similar unsupported charges in November’s midterms, if control of Congress depends upon late-arriving results in the Golden State.
Let’s begin with some obvious points. California’s vote-counting process is notoriously slow. Millions of the state’s voters choose to vote by mail, and election officials’ efforts to confirm that voters have followed all the rules take some time. The state has unusually lenient rules for both the receipt of mail-in ballots (timely postmarked ballots may be counted if election officials receive them within…
THE HASHFLARE “CLOUD MINING” PONZI SCHEME (GLOBAL/ESTONIA)
Date: February 13, 2025 (Guilty Pleas) Perpetrators: Sergei Potapenko and Ivan Turogin
Case Description: This $577 million cryptocurrency fraud remains one of the largest digital asset scams in history, with major legal developments concluding in 2025. Potapenko and Turogin operated “Hashflare,” which they marketed as a massive cryptocurrency mining operation. Hundreds of thousands of victims worldwide purchased “mining contracts,” believing they were renting hash power to mine Bitcoin. In reality, the duo was running a sophisticated Ponzi scheme.
They created fake customer dashboards that showed “real-time” mining profits, but the money being paid out was simply the capital of newer investors. They laundered the proceeds through shell companies to purchase luxury real estate and a fleet of high-end vehicles. After a massive international investigation involving the FBI and Estonian authorities, the pair agreed to forfeit over $400 million in assets. This case underscores the “Cyber-enabled Fraud” warning issued by the FATF in early 2026: as technology evolves, the scale of fraud moves from local millions to global billions in the blink of an eye.
Link to Original: ACFE – High Profile Fraud of 2025