Reported by Jamey Keaten Two managers of a Saudi oil exploration company went on trial in Switzerland on Tuesday for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the “biggest kleptocracy case” ever. The defendants from PetroSaudi — […]
Reported by Heidi Groover The FBI appears to have launched an investigation into a Bellevue-based real estate investment firm, the first indication that the company’s former executives could face criminal charges connected to allegations they ran a Ponzi scheme. For at least the last decade, iCap raised money from investors in Washington state and elsewhere, […]
Reported by Pravda As of July 2023, Russia had imported at least 3,600 luxury cars since the beginning of the full-scale invasion, even though the G7 countries imposed restrictions on exporting such goods to the Russian Federation in early March 2022. Ukrainska Pravdaʼs investigation has shown that Russian billionaires are overpaying for “logistical inconveniences”. However, […]
Reported by AMANDA GERUT The U.S. Attorney unsealed an indictment yesterday charging three current and former minor league baseball players with insider trading in Del Taco stock ahead of the fast food chain’s $585 million acquisition by Jack in the Box in 2022. The three players, Austin Bernard, Jordan Qsar and Grant Witherspoon are connected because Qsar, 28, and Bernard, 27, attended […]
Financial Crime News Briefs 