Reported by Sarah Rumpf | Fox News Former Florida state Representative Joseph Harding pleaded guilty to wire fraud, money laundering and making false statements for COVID-19 relief money, according to the Department of Justice (DOJ). The disgraced ex-lawmaker faces up to 35 years in prison. Harding, a Republican member of the Florida House of Representatives from 2020 […]
Reported by Jessica Merritt How Can Someone Use my Debit Card Without Having It? Thieves can use your debit card information to create a duplicate card even if you haven’t lost it. These are some of the ways thieves obtain debit card information: Are You Liable for Unauthorized Debit Card Purchases? In most cases, federal law […]
Reported by Michael del Castillo Though less than one percent of cryptocurrency transactions last year were considered illicit, according to blockchain data firm Chainalysis, that was still a record $20 billion, most of which is marked as dirty by a cottage industry of blockchain-data startups managing independent and unofficial blacklists. Crypto sitting on a blacklist […]
Reported by Ben Foldy and Tom McGinty Top executives of First Republic Bank sold millions of dollars of company stock in the two months before the bank’s shares plummetedduring the panic over the health of regional lenders. The bank’s chief risk officer sold on March 6, according to government documents. Two days later, Silicon Valley Bank shocked the […]
By Ross Ibbetson For Dailymail.com21:50 10 Mar 2023, updated 22:52 10 Mar 2023 The CEO of Silicon Valley Bank sold $3.57m of stock in a pre-planned, automated sell-off two weeks before it collapsed – and the CFO ditched $575,000 the same day. Greg Becker sold 12,451 shares at an average price of $287.42 each on […]
Reported by: U.S. Department of Justice A former managing director of The Goldman Sachs Group Inc. (Goldman Sachs) was sentenced today to 10 years in prison for his role in a multibillion-dollar bribery and money laundering scheme involving Malaysia’s state-owned investment and development fund, 1Malaysia Development Berhad (1MDB). “Today, Roger Ng was sentenced for his […]
Reported by JOEL KHALILI When the US government announced sanctions against Tornado Cash last August, the warning seemed to be aimed at all crypto mixers. Alleging that Tornado Cash had been used to launder $7 billion in digital currency—including half a billion dollars tied to Lazarus, a hacking group sponsored by North Korea—the US Treasury’s Office […]
Instagram/Kim Kardashian, Screengrab/Instagram/Leonardo DiCaprio Reported by: DRIMA CHAKRABORTY Choose your friends wisely. Kim Kardashian and Leonardo DiCaprio rediscovered the saying when they were caught up in the 1Malaysia Development Berhad (1MDB) scandal due to their connections with Malaysian fugitive Jho Low, as recently-uncovered Federal Bureau of Investigation (FBI) documents revealed. The 2019 documents, reported by Bloomberg […]
Reported by: Corinne Ramey and Alexander Osipovich FTX co-founder and former director of engineering Nishad Singh pleaded guilty to fraud charges and agreed to cooperate against his former boss, Sam Bankman-Fried, making him the third person in the FTX founder’s orbit to do so. Mr. Singh, 27 years old, pleaded guilty to six criminal counts, including conspiring […]
Reported by: Ben Taub In August, 2018, Wirecard had a market capitalization of twenty-eight billion dollars. The company displaced Commerzbank from the DAX 30, Germany’s most prestigious stock index. Markus Braun—who owned eight per cent of the company and was now a billionaire, on paper—had taken out a personal loan of a hundred and fifty million euros […]
Financial Crime News Briefs 