Day: September 13, 2023

Written by FinCrime

$56M in London property tied to alleged China crime ring

Reported by Jack Adamović Davies At least two people arrested in Singapore last month for their alleged involvement in a billion-dollar Chinese money-laundering syndicate have ties to London real estate worth more than $56 million, company and land records reviewed by Radio Free Asia and Organized Crime and Corruption Reporting Project (OCCRP) reveal. The previously unreported assets […]

Written by FinCrime

Decentralized cryptocurrency exchanges are awash in fake trades

Reported by Jennifer Sor Decentralized crypto exchanges are a hotbed for a certain type of fraud known as wash trading, according to a new report from Solidus Labs. The blockchain research firm found that at least $2 billion worth of cryptocurrency on ethereum-based decentralized exchanges have been wash traded since September 2020. The fraudulent practice […]