Reported by Jon Levine The Rockefeller Brothers Fund has links to two groups the Israeli government designated “terrorist organizations,” a review of public records by The Post shows. Founded in 1940, the famous clan’s $1.3 billion fund — where Justin, Wyatt and David Rockefeller Jr. sit on the board of trustees — has shelled out […]
Reported by Pete Syme The Forbes 30 Under 30 lists celebrate the achievements of young people making a mark in a range of sectors. Unfortunately, quite a few of the picks are now a little questionable, to say the least. It’s even become something of a meme, with users on X joking about federal authorities investigating those on the […]
Reported by Steve Muchoki Circle Chief Strategy Officer and Head of Global Policy Dante Disparte wrote a formal letter to Senators Sherrod Brown and Elizabeth Warren to refute claims that USDC has been used for funding the Hamas terror group. After the United States Department of Treasury caught up with Binance Holdings Ltd, and its […]
Reported by JOSEPH BOUCHARD It’s been a tumultuous two weeks in Venezuela. First, the Biden administration and the Maduro government signed a deal exchanging democratic guarantees for sanctions relief on oil, natural gas, and gold mining — some of Venezuela’s largest industries. With the sanctions lifted, Maduro allowed the opposition’s primary election to go ahead. María Corina Machado, […]
Reported by Ron Piccolo, Galloway Professor of Management and associate dean for strategic initiatives in UCF’s College of Business Last week was International Fraud Awareness Week, which is dedicated to highlighting the prevalence and impact of fraud in all its terrible forms. Unfortunately, we do not have to look far to see flagrant examples of corruption, […]
Reported by Spencer Woodman New details have emerged about an ongoing criminal investigation by Cyprus authorities into how one of Russia’s richest men may have used the Mediterranean country as a conduit to avoid war-related sanctions. As part of the Cyprus Confidential investigation, the International Consortium of Investigative Journalists examined a major transfer of wealth by billionaire Alexey Mordashov […]
Reported by Chris Dolmetsch A former Nuveen LLC trader admitted to tipping off an Oregon retiree about the asset management firm’s plans as part of an insider-trading scheme that netted them more than $47 million in illegal profits. Billimek, of Hailey, Idaho, admitted tipping off Alan Williams about upcoming Nuveen trades in companies including Lululemon […]
Reported by Seth W. Ashby , Matthew W. Bower , James M. Eardley , Matthew E. Maltz , Bryan R. Walters and Gregory M. Wright of Varnum LLP While the Corporate Transparency Act (CTA) includes 23 enumerated exemptions for reporting companies, newly formed businesses (Startups) may not qualify for an exemption before the date on […]
Reported by Eman Elshahawy South Florida has been coined the credit card scam capital of the nation this year. That’s according to U.S. Federal Trade Commission data analyzed by BackgroundChecks.org that found the Miami-Port. St. Lucie-Fort Lauderdale metropolitan area ranked No. 1 for credit card fraud with about 333 credit card fraud reports per 100,000 […]
Reported by Polly Thompson An AI bot on OpenAI’s GPT-4 large language model showed it was capable of making illegal financial trades and lying about its actions. The experimentwas presented at the UK’s AI Safety Summit this week by Apollo Research. Apollo shared a video on its website demonstrating a simulated conversation between a bot that was acting as an […]
Financial Crime News Briefs 