Full Breakdown
Texas Couple Convicted for Multi-Million Dollar Pyramid Scheme
1/10/2026, 8:23:07 AM
Overview of the Conviction
A federal jury in Sherman, Texas, convicted LaShonda Moore, 38, and Marlon Moore, 39, for operating a multi-million-dollar pyramid scheme known as "Blessings in No Time" (BINT) during the COVID-19 pandemic. The couple was found guilty of conspiracy to commit wire fraud, five counts of wire fraud, and three counts of money laundering, with sentencing yet to be scheduled. Each faces a maximum penalty of 20 years for conspiracy and wire fraud counts, and 10 years for money laundering.
Scheme Details and Impact
From June 2020 to June 2021, the Moores targeted over 10,000 individuals, defrauding them of more than $25 million. They used live-stream video broadcasts to recruit participants, falsely promising returns of 800% on each $1,400 investment, along with guarantees of refunds for dissatisfied participants. The scheme was structured around "playing boards" with four levels, where participants were encouraged to recruit others to fill positions, perpetuating the cycle of payments. The Moores positioned themselves to receive the ultimate payouts, diverting substantial funds for personal gain.
Targeting Vulnerable Communities
The Moores specifically targeted the African American community, exploiting cultural trust and community ties. This exploitation was highlighted by victim Rosetta Fleming, who stated, “We were just played. We were played with our feelings.” She and her husband invested over $6,000, believing they were participating in a legitimate opportunity to support their community. Fleming's experience reflects the broader impact of the Moores' actions, as many victims felt betrayed by individuals they trusted.
Official Statements and Responses
Assistant Attorney General A. Tysen Duva emphasized the commitment of the Justice Department to prosecute fraudsters who harm vulnerable populations, stating, “While many Americans struggled during the COVID-19 pandemic, LaShonda and Marlon Moore orchestrated a lucrative pyramid scheme with the sole aim of enriching themselves.” U.S. Attorney Jay R. Combs described the Moores' actions as a “betrayal of trust,” and Inspector in Charge Eric Shen of the U.S. Postal Inspection Service noted the significant harm caused by such deceptive investments.
Criticism and Opposition
Despite the convictions, Marlon Moore's attorney argued that the couple attempted to rectify the program as it spiraled out of control, a claim that the jury ultimately rejected. This perspective highlights the complexity of the case and the differing views on the Moores' intentions and actions.
What's Next
The Moores are currently held in Fannin County Jail as they await sentencing. The case has drawn attention to the need for vigilance against fraudulent schemes, particularly those targeting vulnerable communities during economic hardships. Victims are encouraged to contact the Fraud Section’s Victim Witness Unit for assistance.
Verbatim Quotes
- “The harm caused by greed-driven, deceptive investments promising returns too good to be true cannot be overstated,” — Eric Shen, Inspector in Charge, U.S. Postal Inspection Service
- “Today’s conviction sends a clear message: if you abuse trust and exploit communities for personal gain, you will face justice.” — Christopher J. Altemus Jr., Special Agent in Charge, IRS Criminal Investigation
