Reported by: Prashant Jha Insider trading has become a burning topic in the crypto ecosystem, especially in light of the recent conviction of an ex-Coinbase manager’s brother. The insider trading charges were believed to be the first involving cryptocurrency, and now another set of wallet addresses with transaction history linked to Binance listings has raised suspicion. […]
Reported by: Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed, fireballs erupted and Alicia Keys’ “Girl on Fire” blared through the speakers. “Looks like a girl, but she’s a flame. So bright, she can burn your eyes — better look […]
Reported by: Thomas Barrabi A fugitive charged over an alleged market manipulation scheme in which a small New Jersey deli mysteriously drew a $100 million valuation was arrested last week in Thailand, the feds confirmed Thursday. Peter Coker Jr., 54, had been on the lam since last September, when prosecutors slapped him, his father, Peter Coker Sr., […]
Reported by: Rohan Goswami and MacKenzie Sigalos Federal prosecutors unsealed an indictment against a little-known crypto exchange called Bitzlato on Wednesday, alleging that it facilitated the laundering of $700 million in tainted crypto tied to the now-shuttered dark-web market Hydra, and millions more in ransomware proceeds. Blockchain data shows that tens of millions of dollars that passed […]
Reported by: Mack DeGeurin If you’ve sent a money transfer over $500 to another person in recent years, there’s a decent chance U.S. law enforcement agencies could know about it. That’s according to new documents unearthed by The American Civil Liberties Union and The Wall Street Journal that show more than 600 law enforcement agencies reportedly had access to […]
Reported by: Kevin Johnson The founder of the Hong Kong-based cryptocurrency exchange Bitzlato was arrested early Wednesday in Miami in connection with a vast money laundering operation, accused of transmitting more than $700 million in illicit funds in the past four years. Deputy Attorney General Lisa Monacosaid Anatoly Legkodymov, 40, a Russian national, oversaw a major “high-tech financial hub […]
Reported by: Erik Larson The former tech entrepreneur, “Razzlekhan” rapper and accused cryptocurrency thief Heather Morgan has a new job. Morgan, who dubbed herself on social media and in music videos as “The Crocodile of Wall Street,” was hired by an unspecified technology company even though she’s under 24-hour house arrest, according to a court […]
Reported by: Mengqi Sun Deutsche Bank AG tapped a veteran of BarclaysPLC and American Express Co. to be its new chief compliance officer and reshuffled other positions as the German lender works to revamp its compliance programs in the wake of several regulatory investigations in recent years over its business conduct and compliance controls. Laura […]
Reported by: Tom Parfitt A Russian billionaire under investigation in Switzerland helped to finance the Tom Cruise blockbuster Top Gun: Maverick, a US lawsuit has revealed. Dmitry Rybolovlev is said to have exercised “functional control” over a production company that signed a $200 million deal in 2020 with the Hollywood giant Paramount Pictures to fund up […]
Reported by: Lachlan Keller The U.S. House of Representatives has created a new congressional subcommittee focused on digital assets, as one of its first moves under the control of the Republican Party, Congressman Patrick McHenry said on Thursday. Fast facts Read full report: https://finance.yahoo.com/news/u-house-representatives-forms-cryptocurrency-041323722.html
Financial Crime News Briefs 