Reported by: Emily Crane Disgraced crypto king Sam Bankman-Fried was arrested by authorities in the Bahamas Monday night after criminal charges were filed by US prosecutors. The 30-year-old was taken into custody after the Bahamian government received formal notification from the US of the charges against him, according to the Office of Attorney General in the […]
Reported by: Edward Ongweso Jr Over the past few weeks, four civil lawsuits have been filed against Sam Bankman-Fried alleging all manner of fraud, theft, deception, and other crimes. These civil suits are separate from the probes and investigations launched by the Department of Justice, US Attorney’s Office in Manhattan, the state of California, and […]
Reported by: Steve Mollman FTX founder Sam Bankman-Fried should be in custody by now, as far as Brian Armstrong is concerned. The CoinbaseCEO said this week it’s “baffling to me why he’s not in custody already.” “The DOJ or somebody should be able to make—just based on his public statements, I think there’s a very open […]
Reported by: Stacy Cowley Top executives from two small start-ups that reaped billions of dollars in fees for facilitating Paycheck Protection Program loans turned a blind eye to extensive fraud among their applicants and appear to have themselves collected large relief loans for which they were ineligible, according to a report released Thursday by Democratic […]
Reported by: Tim Craig, Drew Harwell and Nitasha Tiku Before Sam Bankman-Fried’s $16 billion empire imploded, Margaux Avedisian remembers thinking there was something unsettling about the cryptocurrency wunderkind. Bankman-Fried had become a legend by pushing an image of monkish aloofness, vowing to forsake the allures of his extraordinary wealth — sleeping on beanbag chairs, driving […]
Reported by: Laura Noonan Clouds are gathering over swaths of fintech companies, as falling economic growth, rising interest rates and a cost of living crisis put their business models under strain, forcing job cuts and valuation-crushing funding rounds. ComplyAdvantage founder Charlie Delingpole knows his company is not immune to those forces, as fintechs are among […]
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: 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: Department of Justice, U.S. Attorney’s Office, Eastern District of Texas A Nevada man and a South Carolina man have been indicted in a cryptocurrency money laundering conspiracy in the Eastern District of Texas, announced U.S. Attorney Brit Featherston. Randall V. Rule, 71, of Reno, NV, and Gregory C. Nysewander, 64, formerly of Irmo, […]
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 […]
Financial Crime News Briefs 