Reported by: Department of Justice, U.S. Attorney’s Office, Southern District of New York Damian Williams, the United States Attorney for the Southern District of New York, announced today that COOPER MORGENTHAU, the former chief financial officer of two special purpose acquisition companies (“SPAC-1” and “SPAC-2”), pled guilty to one count of wire fraud in connection […]
Reported by: Hugh Son U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector,” the regulators said in a joint statement from the […]
Reported by: Jax Miller The FBI reported approximately $1 billion in losses in connection with romance scams in 2021. Here are some tell-tale signs that you might be a victim of love. Romance scams are a subset of what’s commonly referred to as “catfishing,” when a person conjures up a fake online persona to lure […]
Reported by: Jonathan Stempel JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) asked a U.S. judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse, and said the banks enabled and ignored red flags about the late financier’s sex trafficking. The banks in papers filed on Friday night in Manhattan federal court said they […]
Reported by: Zack Whittaker, Carly Page Arrested, seized, doxed and detained. These are just some of the ways police and prosecutors around the world took down the biggest cybercrime operations of the year, even if it meant resorting to new and unconventional eyebrow-raising methods. From stashing billions of bitcoin under the floorboards to teenage hackers […]
Reported by: Alok Nayak As per recent reports from Rap TV, Andrew Tate was not arrested in Romania on the charges of human trafficking. The internet celebrity and businessman was taken into custody on the charges of money laundering. The report also states that Andrew’s brother Tristan Tate has already been released. However, the report from Rap TV has been […]
Reported by: Darya Dolzikova, Daniel Salisbury On December 16, CIA Director William Burns expressed concern over what he believes to be “at least the beginnings of a full-fledged defense partnership” between Iran and Russia. A few days earlier, the Russian military launched a wave of Iranian-made unmanned aerial vehicles (UAVs) in an attack on Kyiv. These developments followed months […]
Reported by: Emily Flitter The attorney general of the U.S. Virgin Islands is accusing JPMorgan Chase of helping Jeffrey Epstein illegally exploit women and girls, according to a lawsuit filed Tuesday in federal court in Manhattan. The suit says JPMorgan provided banking services to Mr. Epstein after he had been convicted of sex charges and […]
Reported by: Matthew Solomon, Robin Bergen, Tom Bednar, Cleary Gottlieb The SEC brought a total of 760 actions in fiscal year 2022, which included a total of 462 new “standalone” actions, up 6.5 percent from fiscal year 2021. The SEC obtained a total of $6.439 billion in monetary remedies, comprised of disgorgement, interest, and the […]
Reported by: Nina Zdinjak Russian billionaire and a former owner of the Chelsea Football Club, which plays in the English Premier League, Roman Abramovich, has been secretly investing in cannabis companies for years. According to leaked documents, sourced and shared by Forensic News, a Russian oligarch known for his close ties to Russian leader Vladimir Putin has helped fund the two biggest […]
Financial Crime News Briefs 