Reported by LIONEL LAURENT Justice has been served — and swiftly, too. A jury found fallen crypto mogul Sam Bankman-Fried guilty of seven counts of fraud and conspiracy after just five hours of deliberation, markedly less time than it took for jurors to puzzle over Elizabeth Holmes’ Theranos scandal or Raj Rajaratnam’s insider trading at […]
Reported by Matthew Sedacca and Rich Calder A co-owner of the Brooklyn construction company being scrutinized by the feds as part of a larger probe into Mayor Eric Adams’ fundraising has long flaunted a lavish, jet-setting lifestyle. Erden Arkan, the globe-trotting 74-year-old owner of KSK Construction Group in Williamsburg, regularly posts dispatches with his wife Itir on […]
Reported by U.S. Department of the Treasury Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ekaterina Zhdanova, a Russian national, for her role in laundering and moving funds using virtual currency on behalf of Russian elites. This action is consistent with the G7’s commitment to crack down on sanctions evasion and closing loopholes […]
FTX founder Sam Bankman-Fried was found guilty of fraud! This is his story in under 5 minutes. Watch video.
Reported by Howard W. Herndon Of Womble Bond Dickinson (US) LLP – News In the world of international finance and crime, criminals and terrorists have always sought innovative ways to launder money and avoid sanctions. One relatively recent method that has gained prominence is known as “sportswashing.” This term refers to the use of sports […]
Opinion by Matt Levine, Columnist If you are a publicly traded software company, and your customers access your product through a server, and you provide them with a default password to log into the server, and the default password is “password,” is that securities fraud? You know the answer! Yesterday the US Securities and Exchange Commission […]
Reported by Alex Dovbnya SafeMoon founders Braden John Karony, Kyle Nagy, and Thomas Smith have been arrested and charged with securities fraud, wire fraud, and money laundering. The charges stem from their alleged misuse of millions in investor funds for personal luxuries, according to a federal indictment that was unsealed earlier this Wednesday. Inside the fraud claims […]
Financial Crime News Briefs 