Reported by: MILES COHEN and NADINE EL-BAWAB William “Rick” Singer, the ringleader in a college admissions cheating scandal that spanned the country, was sentenced to 42 months in prison by a federal judge on Wednesday. Singer will then be on supervised release for three more years. The former college admissions consultant pleaded guilty in March […]
Reported by: Tory Newmyer Coinbase, the largest U.S.-based cryptocurrency trading exchange, will pay a $50 million fine to settle allegations from New York regulators that it broke the law by failing to adequately guard against money laundering on its platform. The company will spend an additional $50 million over the next two years beefing up […]
Reported by: Richard Vanderford “Cryptocurrency is here to stay,” a top Internal Revenue Service law enforcer said, and the tax-collection agency wants to partner with the industry to fight financial crime. The IRS Criminal Investigation division is bringing on hundreds of new agents a year, including many who will be directed to work on digital […]
Financial Crime News Briefs 