Day: November 8, 2022

Written by FinCrime

German police raid UBS over Usmanov money laundering probe

Reported by: Sam Jones in Berlin and Max Seddon in Riga German police have raided offices of the Swiss bank UBS in connection with a money laundering investigation into Uzbek-born Russian billionaire Alisher Usmanov.  UBS branches in Frankfurt and Munich were searched on Tuesday morning, state prosecutors confirmed to the Financial Times.  “The subject of […]

Written by FinCrime

U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud

Reported by: Department of Justice, U.S. Attorney’s Office, Southern District of New York In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012. Law enforcement seized approximately 50,676.17851897 Bitcoin, then […]