Benaiah2026-07-16 19:28:22Federal grand jury indicts Benaiah founder over alleged $20 million Ponzi schemeA U.S. federal grand jury has indicted the founder of digital asset fund Benaiah, accusing the individual of defrauding investors of about $20 million through an alleged Ponzi scheme. According to prosecutors, the founder raised roughly $25.1 million through Benaiah entities starting in 2018. Of that total, about $12 million was allegedly paid back to investors as fabricated returns, while another $5.7 million was diverted for personal use. Prosecutors also allege the founder used forged documents and another person’s identity to obtain $1 million in bank credit. The founder pleaded not guilty at an arraignment on July 10, has since been released on bond, and is scheduled to stand trial on Sept. 15. The case was investigated jointly by IRS Criminal Investigation and the FBI, according to the report cited by Techub from Crypto Briefing.2290
United States2026-07-16 15:08:45U.S. federal grand jury indicts South Dakota crypto investor Benjamin Paul WienerA U.S. federal grand jury has indicted South Dakota-based crypto investor Benjamin Paul Wiener, according to a report cited by ChainCatcher from The Block. The indictment includes 29 counts in total. The charges listed in the report include wire fraud, money laundering, bank fraud, and aggravated identity theft. No additional details about the case, timeline, or court proceedings were provided in the brief. The update was published as a 7x24 newsflash by ChainCatcher and attributes the information to The Block.2440
