Reported by Edward Helmore Nearly 200 names connected to the Jeffrey Epstein-Ghislaine Maxwell sex trafficking conspiracy could be released by a New York judge as soon as Tuesday, exposing or confirming the identities of dozens of associatesof the disgraced financier that until now have only been known as John and Jane Does in court papers. A […]
Reported by Associated Press Finance Deutsche Bank pledged nearly $5 million in funding Thursday to help combat human trafficking in New Mexico, the bank announced in a joint statement with Attorney General Raúl Torrez. The announcement comes seven months after Deutsche Bank settled a U.S. lawsuit for $75 million that claimed the German lender should have seen […]
Reported by John Pacenti A federal law aimed at making anonymous business dealings in the United States essentially a thing of the past will go into effect on New Year’s Day, three years after becoming law. The Corporate Transparency Act was a pet project of U.S. Senator Marco Rubio, who raised alarm at over $1 […]
Reported by Jordan Mallory & J. Scott Maberry On December 22, 2023, President Biden signed a new Executive Order (E.O. 14114) containing the latest round of sanctions against the Russian Federation. Shortly thereafter, Treasury Secretary Janet Yellen stated that the Office of Foreign Assets Control (OFAC) will take “decisive” and “surgical” action when enforcing sanctions against financial institutions involved […]
Reported by Sareena Dayaram Huawei says its “back on track” after its revenue neared $100 billion for this year, despite continuing US sanctions on the Chinese conglomerate. Sales to surged to more than 700 billion yuan ($98.7 billion) in 2023, the company said on Friday, which represents 9% growth from the $642 billion yuan ($92.4 […]
Reported by SETH MOREHEAD Fort Worth-based Agridime LLC has been put into receivership by a successful complaint from the Securities and Exchange Commission (SEC). The SEC obtained a temporary restraining order, an asset freeze, the appointment of a receiver, and other emergency relief against Agridime on December 14, alleging an ongoing $191 million Ponzi scheme raised from more than 2,100 investors in […]
Reported by Dan Mangan A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one, small money-losing deli in southern New Jersey. Disgraced former stockbroker James Patten also admitted on Wednesday in Camden, New Jersey, federal court to conspiring […]
Reported by Reuters French prosecutors have opened an investigation into alleged “aggravated money laundering” related to transfers made by a Cypriot brokerage firm that worked with BNP Paribas’ custodian unit, French daily Le Monde reported on Tuesday. The preliminary probe is focused on transfers worth several hundreds of millions of euros and dollars made by […]
Reported by Patricia A. Pileggi , Brittany H. Sokoloff , William P. Ziegelmueller Of ArentFox Schiff LLP On November 20, 2023, the Northern District of California denied summary judgment for the defendant in SEC v. Panuwat, an enforcement action being brought under a novel theory of insider trading law that is being referred to as […]
Reported by Joanna Stern Thieves are stealing iPhones, passcodes and thousands of dollars from their victims’ bank accounts. WSJ’s Joanna Stern sat down with a convicted thief in a high-security prison to find how—and how you can protect yourself. Watch full video: https://www.wsj.com/video/series/joanna-stern-personal-technology/an-iphone-thief-explains-how-he-steals-your-passcode-and-bank-account/C37B4009-E548-4459-8D0A-22B7400C3FEA
