August 20, 2025

Wayne County

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Detroit man stole $39 million from investors before wire fraud scheme collapsed

  • August 19, 2025

(FOX 2) – A Detroit wealth fund manager duped investors for tens of millions of dollars before his scheme was exposed, leading to federal wire fraud charges. He was sentenced to 100 months in prison after pleading guilty.  Big picture view: The chief executive of an equity fund will spend years in prison for stealing

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Crypto

City of Detroit files record nuisance lawsuit against crypto-based real estate firm

  • July 2, 2025

DETROIT – Detroit officials launched what they’re calling the city’s largest-ever nuisance abatement lawsuit against RealToken, a cryptocurrency-based real estate platform, citing widespread unsafe living conditions and code violations across hundreds of properties. The lawsuit targets more than 400 homes owned by RealToken, which has accumulated approximately $500,000 in violations for neglect and unsafe conditions.

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