Reported by: Zack Whittaker, Carly Page Arrested, seized, doxed and detained. These are just some of the ways police and prosecutors around the world took down the biggest cybercrime operations of the year, even if it meant resorting to new and unconventional eyebrow-raising methods. From stashing billions of bitcoin under the floorboards to teenage hackers […]
Reported by: Jonathan Richman The Second Circuit held yesterday that a government agency’s nonpublic, pre-decisional regulatory information does not constitute “property” for purposes of the federal insider-trading and wire-fraud statutes. The decision in United States v. Blaszczak (2d Cir. Dec. 27, 2022) (“Blaszczak II”) effectively vacated convictions under those statutes for defendants who had traded on nonpublic, market-moving information […]
Reported by: Alok Nayak As per recent reports from Rap TV, Andrew Tate was not arrested in Romania on the charges of human trafficking. The internet celebrity and businessman was taken into custody on the charges of money laundering. The report also states that Andrew’s brother Tristan Tate has already been released. However, the report from Rap TV has been […]
Reported by: Darya Dolzikova, Daniel Salisbury On December 16, CIA Director William Burns expressed concern over what he believes to be “at least the beginnings of a full-fledged defense partnership” between Iran and Russia. A few days earlier, the Russian military launched a wave of Iranian-made unmanned aerial vehicles (UAVs) in an attack on Kyiv. These developments followed months […]
Reported by: Emily Flitter The attorney general of the U.S. Virgin Islands is accusing JPMorgan Chase of helping Jeffrey Epstein illegally exploit women and girls, according to a lawsuit filed Tuesday in federal court in Manhattan. The suit says JPMorgan provided banking services to Mr. Epstein after he had been convicted of sex charges and […]
Reported by: Matthew Solomon, Robin Bergen, Tom Bednar, Cleary Gottlieb The SEC brought a total of 760 actions in fiscal year 2022, which included a total of 462 new “standalone” actions, up 6.5 percent from fiscal year 2021. The SEC obtained a total of $6.439 billion in monetary remedies, comprised of disgorgement, interest, and the […]
Reported by: Nina Zdinjak Russian billionaire and a former owner of the Chelsea Football Club, which plays in the English Premier League, Roman Abramovich, has been secretly investing in cannabis companies for years. According to leaked documents, sourced and shared by Forensic News, a Russian oligarch known for his close ties to Russian leader Vladimir Putin has helped fund the two biggest […]
Reported by: Alix Langone The US Department of Justice has launched a criminal investigation into $372 million in stolen FTX assets, according to a new report from Bloomberg. The probe, which is independent of the fraud case against FTX co-founder Sam Bankman-Fried, centers on more than $370 million that went missing mere hours after the cryptocurrency […]
Reported by: Alex Zeltcer Anti-money laundering (AML) measures, such as Know Your Customer (KYC), that crypto operators are also required to follow have been a boon for fraudsters who know where the loopholes are in this legislation. The fact is, however, that over 75% of all fraudulent activity comes from KYC-verified accounts. That statistic should […]
Reported by: Team Giottus Part of the reason why the NFT market is now being looked at with suspicion is the fact that unlike crypto, KYCs are not mandated to trade NFTs. NFT trade happens between wallets and not identified individuals, which makes NFT money laundering a very real possibility. As an investor, how can […]
Financial Crime News Briefs 