Reported by Will Anderson, Chief Marketing Officer, Eastnets A large shipping vessel departs a Southeast Asian port, laden with electronics ostensibly worth $2 million. However, unknown to customs officials, the goods are deliberately undervalued, with the actual market value exceeding $10 million. This classic example of under-invoicing, a hallmark of trade-based financial crime, allows criminals to […]

Reported by Sarah Maslin Nir (Summary version of report featured below) Lisa Schiff, a prominent art adviser, pleaded guilty to wire fraud for stealing $6.5 million from clients who trusted her to buy art on their behalf. Schiff, whose clientele included high-profile collectors like Leonardo DiCaprio, was accused of diverting funds meant for art acquisitions […]