Disgraced FTX founder Sam Bankman-Fried arrested in The Bahamas after charges filed in US

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 […]

Here’s All the Lawsuits Against FTX So Far

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 […]

FTX’s Bahamas crypto empire: Stimulants, subterfuge and a spectacular collapse

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 […]

Applying AI to the war on financial crime

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 […]

Two Estonian Citizens Arrested in $575 Million Cryptocurrency Fraud and Money Laundering Scheme

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 […]

INTERPOL ARREST WARRANT ISSUED FOR ANGOLAN BILLIONAIRE ISABEL DOS SANTOS

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 […]

Two Indicted in Cryptocurrency Money Laundering Conspiracy

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, […]