Reported by: Bob Van Voris A judge said he would approve Deutsche Bank AG’s $26.3 million settlement of a lawsuit that accused the bank of misleading investors about how thoroughly it vetted clients, including Jeffrey Epstein and Russian tycoons. US District Judge Jed Rakoff on Tuesday said he would allow the settlement to go forward, […]
Reported by: Daphne Psaledakis and Humeyra Pamuk The U.S. Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose access to G7 markets if they do business with entities subject to U.S. curbs as Washington cracks down on Russian attempts […]
Reported by Yahoo! Finance Yahoo Finance’s Rick Newman joins the Live show to discuss whether concerns around insider trading are warranted after Paul Pelosi sold stock ahead of the DOJ’s antitrust suit against Google parent company Alphabet. RACHELLE AKUFFO: All right, well, in the wake of the US Justice Department antitrust suits against Google, Paul Pelosi’s […]
Reported by: André Beganski OneCoin founder Dr. Ruja Ignatova has resurfaced more than five years after vanishing from the public eye, linked to a London property in a filing submitted to the British government this month. The filling lists Ignatova as a so-called beneficial owner of Abbots House Penthouse Limited, a Guernsey-based company that had purchased a […]
Reported by: NORMAN SILVESTER A vodka firm said to be a front for an international money laundering gang is on the verge of collapse. Nero Drinks Company was formed by 47-year-old Nicola Morrissey in March 2018 to manufacture the “premium” Nero Vodka brand. Last September both Nicola, from Glasgow, and her Liverpool-born husband Johnny Morrissey, 62, […]
Reported by: ANDY GREENBERG For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is written into a blockchain’s permanent, unchangeable ledger. But new evidence suggests that years of advancements in blockchain tracing and crackdowns on that illicit […]
Reported by: OLA WESTERBERG A Swedish court cleared on Wednesday Swedbank’s former CEO Birgitte Bonnesen of playing down the bank’s inadequate prevention of massive money-laundering through its operations in the Baltic states. Chief Judge Malou Lindblom speaks with reporters following the verdict delivery. (Photo: Ola Westerberg, OCCRP) In the highly unusual case, Bonnesen was charged […]
Reported by: Michael Schwirtz and Maria Varenikova Several top Ukrainian officials were fired on Tuesday amid a ballooning corruption scandal, in the biggest upheaval in President Volodymyr Zelensky’s government since Russia’s invasion began 11 months ago. Ukraine’s cabinet ministry, which announced the firings, provided no reasons for them, but they followed a number of allegations […]
Reported by: Loop Cayman News During a Select Committee hearing last week, Derek Byrne, the Commissioner of Police of the Cayman Islands, made a startling revelation that “illicit proceeds of illegal gambling in the Cayman Islands are somewhere between thirty million and fifty million Cayman dollars per annum” and that “illegal gambling is an organized […]
Reported by: Benjamin Weiser and William K. Rashbaum A former senior F.B.I. official who oversaw some of its most secret and sensitivecounterintelligence investigations in New York was accused on Monday of taking money from a former Albanian intelligence employee and from a representative of a Russian oligarch. The charges against the former official, Charles F. McGonigal, […]
Financial Crime News Briefs 