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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: January 21, 2025

Written by FinCrimeJanuary 21, 2025

Trump announces pardon for Silk Road founder Ross Ulbricht, vacating life sentence

Reported by Diana Glebova and Priscilla DeGregory President Trump announced Tuesday night that he had granted a “full and unconditional” pardon to Ross Ulbricht, founder of the notorious dark web site Silk Road. Trump, 78, announced his grant of clemency, first reported earlier Tuesday by The Post, on Truth Social. “I just called the mother of Ross William […]

Written by FinCrimeJanuary 21, 2025

“Bodyguard Coin” scam? Trump’s well-known iron fan Ryan Fournier caught in MEME token fraud storm

Reported by Zen, PANews In the conservative political circle of the United States, Ryan Fournier rose to fame as a student organization leader and Trump supporter, but in the cryptocurrency world, as a ‘crypto novice’, he became the focal point of a series of controversies. From the rapid collapse of the recently occurred ‘TIKTOK’ memecoin […]

Written by FinCrimeJanuary 21, 2025

Former Finance Minister of Mozambique Sentenced in $2B Fraud and Money Laundering Scheme

Reported by U.S. Department of Justice The former Finance Minister of Mozambique was sentenced today to 102 months in prison for his role in a $2 billion international fraud, bribery, and money laundering scheme, in which he received $7 million in bribes to approve fraudulent loans. According to court documents and evidence presented at trial, Manuel […]

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