reSee.it - Related Video Feed

A Michigan doctor was sentenced to 45 years for falsely diagnosing over 550 patients with cancer, leading to unnecessary treatments. Victims expressed anger and disappointment, with one family member recalling the doctor's false promises. The doctor admitted to misusing his talents for greed, earning millions from the fraudulent diagnoses. Patients described the experience as stressful and emotional.

Speaker 0: Massive fraud is going on here in the state of Minnesota, especially in Minneapolis. Explain to me what's going on with the day cares. Speaker 1: One of the things I've noticed is there’s an exceptional number of childcare centers set up mostly in Minneapolis, but also in Saint Paul. I wondered how many kids are there in the Twin Cities. I visited facilities near my office and saw there aren’t any kids there. I’d go to another one and there aren’t any kids there either. I spoke with someone outside who said, “We’re all full,” yet when I looked inside the door was open and there was a couch and a table with a couple chairs and no kids. I asked if the kids were outside playing or what kind of place this was, and the staffer said, “You go,” and followed me down the street to my car. That made me think something was going on, and this was maybe five years ago. Speaker 1: This fraud is so massive. When the dust settles on this, it’s going to be found to be the largest fraud in the history of the country and probably the world. The ones I’ve gotten data on average about $2,500,000 a year, and a lot of them will say they have anywhere from 80 to 120 children. Speaker 1: I’ve been to literally 40 or 50 of these childcare centers, and there never has been a single child at any one of them ever. Morning, afternoon, evening. Some say they’re open till 10:00 at night. I go there in the morning, I go there in the afternoon, I go there at 9:00 at night. Nobody. There are no kids there ever.

The speaker submitted material to the SEC in May 2000, October 2001, October, November, and December 2005, June 2007, and April 2008, totaling five separate submissions. Despite these efforts, the speaker feels horrible about the disastrous outcome for the victims and finds nothing to be proud of. The situation began a decade ago when Marco Polis, working for a Boston investment firm, was instructed by his boss to reverse engineer Bernard Madoff's trading strategy. Madoff, a former Nasdaq chairman, was reportedly running a huge unregistered hedge fund with incredible returns, and the firm wanted to duplicate his results.

Bernie Madoff turned himself in before any serious investigation began. Harry Markopolos had been right about Madoff, but Madoff's Ponzi scheme collapsed due to the bad economy, not due to Markopolos's efforts or the SEC's actions. The SEC typically investigates after the crime has been committed, identifying victims and perpetrators after the fact, which is not helpful.

Medicare was scammed out of $760,000,000. An investigation in Phoenix was opened after a complaint about suspicious billing to Arizona Medicaid. This led to a network of sober living homes, intended to help those struggling with addiction, many of whom were Native Americans. Instead, it was a massive fraud scheme that billed for services never provided. The sober living home facilities owned by ProMD received more than $560,000,000 for services that were not provided.

Joby Weeks, also referred to as Jobadiah Weeks, discusses his six-year house arrest and the controversy surrounding his involvement with BitClub Network, a cryptocurrency mining venture he helped launch and promote. Investigators describe BitClub as a Ponzi scheme that bilked victims of hundreds of millions of dollars, while Weeks frames the operation as a legitimate data-center mining business that paid members daily and built what he calls the largest Bitcoin mining pool in the world. Weeks describes his early life as a hustler who started small businesses at a young age to support his family, then became an entrepreneur who traveled to about 100 countries and founded and financed technologies in the United States. He explains that he joined BitClub as a member and vendor, selling mining hardware, computer equipment, and related services. BitClub promoted high-growth crypto opportunities and mining operations, asserting that mining hardware could generate profits and that their data centers—established in Iceland, Georgia, Norway, with power sourced from Canada and a facility in Montana—could scale to enormous output, with the Montana project described as 300 megawatts and the largest Bitcoin mine in the world. The government charged Weeks on 12/05/2019 with selling unregistered securities and wire fraud, and labeled BitClub a Ponzi scheme. Weeks insists BitClub sold physical mining hardware and not securities, providing invoices, tracking numbers, duties and tariffs paid, and descriptions of data centers and payments to participants. He claims the government raided BitClub’s data centers and seized assets, including miners and cryptocurrency, after weeks of cooperation and meetings with federal agents, including a controversial encounter at a Tony Robbins event. Weeks recounts being shuffled through jail and jail-to-jail transfers for eleven months, denied bail and a trial, with his attorney offering two choices: five years in jail innocent or one year in jail guilty. He ultimately signed a plea to secure his release, but maintains that the charges were misapplied and that there were no verified victims, citing a pre-plea assertion that “there is no victim, no crime.” He describes ongoing legal battles involving twelve prosecutors, repeated delays, and the absence of victims testifying or restitution measures. Supporters perspective includes claims that BitClub was a startup in the Wild West rather than a fraud, and that the government’s asset seizures harmed victims. A white paper with Attorney Alan Dershowitz alleges multiple constitutional and process failings: retroactive charging, selective prosecution, indiscriminate conspiracy liability, asset seizures without safeguards, discovery violations, absence of victims and restitution, unsettled regulatory backdrop, and erosion of speedy-trial protections. The white paper argues that under current standards the case would not go forward today. Weeks also references post-incident developments, including the Biden administration’s crypto actions and the Genius Act, noting the SEC’s stance that proof-of-work mining (as with Bitcoin) does not fall under its securities definition. He contends that early crypto pioneers faced punitive measures, while others who were early investors or promoters avoided similar consequences. Weeks emphasizes his belief that the government seized assets rather than seeking restitution, and he advocates for the return of miners and Bitcoin to make victims whole. Throughout, Weeks and supporters stress his intent to advance disruptive technologies and financial freedom, arguing that his actions were mischaracterized as fraudulent. They frame his six-year confinement as an injustice and call for the dismissal of charges and the return of belongings so he can continue contributing to pioneering crypto initiatives.

I'm an Arizona woman who pleaded guilty to a fraud scheme that made millions of dollars for myself and the North Korean government. I helped North Korean IT workers pose as Americans to get remote jobs at over 300 U.S. companies. From my home, I ran a laptop farm. These companies believed they were hiring people located in the U.S. not realizing the employees were actually in North Korea. I'm expected to serve at least eight years in prison as part of my plea deal. The Justice Department hopes my case will serve as a warning to companies who hire remote IT workers.