Reported by: Richard Nalley According to a study by industry group ABL (American Beverage Licensees), wine fraud today is an estimated $9 billion a year global problem, costing thousands of legitimate industry jobs and depriving governments of billions in tax revenues. The criminal activity encompasses Ponzi schemes, burglary, bank fraud, con jobs, smugglers, mysterious warehouse […]
Reported by: Luc Cohen The brother of a former Coinbase Global Inc (COIN.O) product manager pleaded guilty on Monday to a wire fraud conspiracy charge, in what U.S. prosecutors have called the first insider trading case involving cryptocurrency. Nikhil Wahi, 26,admitted during a virtual court hearing before U.S. District Judge Loretta Preska in Manhattan that […]
Reported by: Emma Dunkley Austrac, Australia’s financial crime watchdog, is investigating Entain to check whether the London-listed betting company has complied with anti-money laundering and counter-terrorism financing rules. Entain Australia, which last year accounted for about a tenth of group revenue, said it was “co-operating with the investigation which relates to the historical period from […]
Financial Crime News Briefs 