Reported by: ZDRAVKO LJUBAS Almost 40 percent of all offshore companies that own property in the United Kingdom have failed to declare their real owners and could now face hefty fines, a suspension of their ownership rights and prison. Foreign corporations were obliged to register their beneficial owners with the Register of Overseas Entities (ROE) […]
Reported by: BOB AARON, LESLIE RUBIN The West Virginia Senate Finance Committee questioned Gov. Jim Justice’s chief counsel Friday about how $10 million in COVID-19 relief money ended up going toward construction of Marshall University’s new baseball stadium. State Auditor J.B. McCuskey, whose office raised questions via email regarding the transfer, also testified that the […]
Reported by: Mithil Aggarwal Gautam Adani rose from college dropout to become Asia’s richest man — but now he’s seen his empire rocked by a week of turmoil. The Indian tycoon has lost his title, and tens of billions in personal wealth, in a matter of days after a U.S.-based short-selling firm accused him of “the largest con […]
Reported by: Níamh Curran Criminals will always evolve and find new ways to commit the same crimes. This is something which Jodie Wilkinson, head of strategic partnerships at takepayments warns of: “Scammers are constantly updating their technology and techniques, and it’s likely that fraud will continue to become more sophisticated, meaning consumers and businesses need […]
Reported by: ZOLTAN LUCAS Manhattan District Attorney Alvin Bragg announced on Tuesday the indictment of a woman living on the Upper East Side in Manhattan, New York for using cryptocurrency to finance terrorism groups in Syria. Victoria Jacobs, also known as Bakhrom Talipov, has been indicted on charges that include soliciting or providing support for an act […]
Financial Crime News Briefs 