Reported by: Kaye Wiggins Sweden’s financial regulator has closed a year-long market abuse probe into a $2.7bn share sale by top executives at private equity group EQT and will not take action against the buyout group. The Swedish Financial Supervisory Authority investigated whether Stockholm-based EQT violated market abuse rules by failing to promptly disclose that […]
Reported by: Department of Justice, U.S. Attorney’s Office Eastern District of New York Viktor Zelinger, also known as “Vitya” and “Vityok,” the alleged leader of an Eastern European organized crime syndicate that operated in the Brighton Beach, Sheepshead Bay and Coney Island neighborhoods of Brooklyn and was linked to high-level Russian mafia members known as […]
Reported by: Savannah Fortis The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on Tuesday, stating that it is officially closing its business operations in light of local regulations. The financial services provider was one of the largest electronic payment providers in […]
Reported by: Richard Nalley According to a study by industry group ABL (American Beverage Licensees), wine fraud today is an estimated $9 billion a year global problem, costing thousands of legitimate industry jobs and depriving governments of billions in tax revenues. The criminal activity encompasses Ponzi schemes, burglary, bank fraud, con jobs, smugglers, mysterious warehouse […]
Financial Crime News Briefs 