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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: December 4, 2022

Written by FinCrimeDecember 4, 2022

Confessions of America’s most corrupt drug agent: Cash, cars, sex and an ‘unwinnable’ war

Reported by: JIM MUSTIAN and JOSHUA GOODMAN José Irizarry accepts that he’s known as the most corrupt agent in U.S. Drug Enforcement Administration history, admitting he “became another man” in conspiring with Colombian cartels to build a lavish lifestyle of expensive sports cars, Tiffany jewels and paramours around the world. But as he used his […]

Written by FinCrimeDecember 4, 2022

Coinbase CEO Brian Armstrong says it’s ‘baffling’ FTX’s Sam Bankman-Fried isn’t ‘in custody already’

Reported by: Steve Mollman FTX founder Sam Bankman-Fried should be in custody by now, as far as Brian Armstrong is concerned. The CoinbaseCEO said this week it’s “baffling to me why he’s not in custody already.” “The DOJ or somebody should be able to make—just based on his public statements, I think there’s a very open […]

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