Day: December 13, 2022

Written by FinCrime

FTX Founder Indicted for Fraud, Money Laundering, and Campaign Finance Offenses

Reported by: U.S. Department of Justice A federal grand jury in Manhattan returned an indictment today charging Samuel Bankman-Fried, aka SBF, 30, of Stanford, California, with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election […]

Written by FinCrime

‘Thunder Attack’ Busts $1.7B Tether-fueled Money Laundering Ring

Reported by: SEBASTIAN SINCLAIR Chinese authorities say they’ve arrested 63 people in a self-styled “thunder attack” on a money laundering gang suspected of washing more than $1.7 billion via crypto.  In a coordinated bust, the Horqin branch of the Tongliao Public Security Bureau in northeastern China dispatched more than 200 police across 17 provinces and […]