Reported by: Stephen Breen The crumbling Kinahan cartel has forged links with Hezbollah and Iran, the Irish Sun has learned. Of the Kinahans, a source said: “They’ve established money laundering links to Hezbollah and Iran. “It’s purely about money, as Hezbollah is one of the main local laundering operations. “Every major organised crime group on […]
Reported by: Samantha Delouya Bed Bath & Beyond CFO Gustav Arnal was named in an insider trading lawsuit less than two weeks before he was found dead in an apparent suicide on Friday. The proposed class action lawsuit, filed on behalf of an individual investor Pengcheng Si, names Bed Bath & Beyond, Arnal, Ryan Cohen, […]
Reported by: Cristiano Lima and Aaron Schaffer In recent months, the Federal Trade Commission has reported that social media is increasingly becoming a premier target for fraudsters, especially those looking to cash in on the crypto craze sweeping the country. In June, the agency released data showing that nearly half the people who reported losing […]
Reported by: Corinne Ramey and Ben Foldy Trevor Milton, the Nikola Corp. founder who enticed auto-industry leaders and investors with his promise for a revolution in electric trucks, faces a securities-fraud trial beginning this week on allegations that he lied about his company’s development of environmentally friendly technology. Federal prosecutors in Manhattan last year accused […]
Reported by: Hugo Lowell Top former Trump strategist Steve Bannon has been charged in New York with money laundering, conspiracy and scheme to defraud in connection with his role in a fundraising effort to privately underwrite the construction of the US-Mexico border wall, according to the indictment unsealed on Thursday. The indictment includes two counts […]
Financial Crime News Briefs 