Reported by: U.S. Department of Justice Two Estonian citizens were arrested in Tallinn, Estonia, yesterday on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy. The indictment was returned by a grand jury in the Western District of Washington on Oct. 27 and unsealed today. According to […]
Reported by: Gwinny Kongphet The Regulated Liability Network, a proof-of-concept digital currency network, was launched on Tuesday according to a collection of banking organizations that includes HBSC, Mastercard, and Wells Fargo (RLN). The New York Innovation Center (NYIC), a division of the Federal Reserve Bank of New York, is thrilled to be collaborating with the […]
Reported by: Fergus Shiel and Micael Pereira The international police organization Interpol has issued a warrant for the arrest of Angolan billionaire Isabel dos Santos, according to sources. Dos Santos, the daughter of Angola’s former authoritarian president José Eduardo dos Santos, was the subject of the International Consortium of Investigative Journalists’ 2020 Luanda Leaks investigation. Luanda […]
Reported by: KELLY PHILLIPS ERB Have you ever been on the receiving end of an aggressive sales call? Each year, thousands of people fall victim to so-called boiler room schemes. The US Securities and Exchange Commission defines boiler room schemes as large-scale operations designed to lure in as many people into an investment scam as […]
Reported by: Sam Tobin The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian construction company Odebrecht asked a London court on Wednesday to refuse to extradite him. Peter Weinzierl – former chief executive of Meinl Bank, later renamed […]
Reported by: KATANGA JOHNSON The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX. “In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the […]
Reported by: Dave Michaels A top technology executive at the healthcare company Viatris Inc. was charged with sharing illicit stock tips that netted millions of dollars for a friend who traded on them, according to the Justice Department. Ramkumar Rayapureddy, the global chief information officer at Viatris, shared undisclosed information about a regulatory drug approval, his employer’s financial […]
Reported by: Department of Justice, U.S. Attorney’s Office, Southern District of New York In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012. Law enforcement seized approximately 50,676.17851897 Bitcoin, then […]
Reported by: Reuters Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a U.S. financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday showed. In analysis issued in response to the increase in number and severity of ransomware attacks […]
Reported by: Richard Milne, Nordic and Baltic Correspondent Danske Bank believes it will cost about $2bn in fines to resolve one of the largest money-laundering scandals on record as it nears a solution with US and Danish authorities. Denmark’s biggest bank said on Thursday that it would take an additional charge of DKr14bn ($1.9bn), taking the total […]
Financial Crime News Briefs 