Reported by: ZDRAVKO LJUBAS Almost 40 percent of all offshore companies that own property in the United Kingdom have failed to declare their real owners and could now face hefty fines, a suspension of their ownership rights and prison. Foreign corporations were obliged to register their beneficial owners with the Register of Overseas Entities (ROE) […]
Reported by: BOB AARON, LESLIE RUBIN The West Virginia Senate Finance Committee questioned Gov. Jim Justice’s chief counsel Friday about how $10 million in COVID-19 relief money ended up going toward construction of Marshall University’s new baseball stadium. State Auditor J.B. McCuskey, whose office raised questions via email regarding the transfer, also testified that the […]
Reported by: Mithil Aggarwal Gautam Adani rose from college dropout to become Asia’s richest man — but now he’s seen his empire rocked by a week of turmoil. The Indian tycoon has lost his title, and tens of billions in personal wealth, in a matter of days after a U.S.-based short-selling firm accused him of “the largest con […]
Reported by: Níamh Curran Criminals will always evolve and find new ways to commit the same crimes. This is something which Jodie Wilkinson, head of strategic partnerships at takepayments warns of: “Scammers are constantly updating their technology and techniques, and it’s likely that fraud will continue to become more sophisticated, meaning consumers and businesses need […]
Reported by: ZOLTAN LUCAS Manhattan District Attorney Alvin Bragg announced on Tuesday the indictment of a woman living on the Upper East Side in Manhattan, New York for using cryptocurrency to finance terrorism groups in Syria. Victoria Jacobs, also known as Bakhrom Talipov, has been indicted on charges that include soliciting or providing support for an act […]
Reported by: Bob Van Voris A judge said he would approve Deutsche Bank AG’s $26.3 million settlement of a lawsuit that accused the bank of misleading investors about how thoroughly it vetted clients, including Jeffrey Epstein and Russian tycoons. US District Judge Jed Rakoff on Tuesday said he would allow the settlement to go forward, […]
Reported by: Daphne Psaledakis and Humeyra Pamuk The U.S. Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose access to G7 markets if they do business with entities subject to U.S. curbs as Washington cracks down on Russian attempts […]
Reported by Yahoo! Finance Yahoo Finance’s Rick Newman joins the Live show to discuss whether concerns around insider trading are warranted after Paul Pelosi sold stock ahead of the DOJ’s antitrust suit against Google parent company Alphabet. RACHELLE AKUFFO: All right, well, in the wake of the US Justice Department antitrust suits against Google, Paul Pelosi’s […]
Reported by: André Beganski OneCoin founder Dr. Ruja Ignatova has resurfaced more than five years after vanishing from the public eye, linked to a London property in a filing submitted to the British government this month. The filling lists Ignatova as a so-called beneficial owner of Abbots House Penthouse Limited, a Guernsey-based company that had purchased a […]
Reported by: NORMAN SILVESTER A vodka firm said to be a front for an international money laundering gang is on the verge of collapse. Nero Drinks Company was formed by 47-year-old Nicola Morrissey in March 2018 to manufacture the “premium” Nero Vodka brand. Last September both Nicola, from Glasgow, and her Liverpool-born husband Johnny Morrissey, 62, […]
Financial Crime News Briefs 