Reported by News Desk Washington’s man in Lebanon, Banque du Liban Governor Riad Salameh, is responsible for Lebanon’s financial collapse. Photo Credit: The Cradle Lebanon’s embattled Central Bank Governor, Riad Salameh, wente missing ahead of a hearing in France on fraud and money laundering charges. “I have not found him anywhere, and accordingly, he has not been notified […]
Reported by Martin Bentham A multi-millionaire Tory donor who owns London’s famous Conran Shop and a stake in the Anya Hindmarch handbag retailer was revealed today as a key figure linked to a major money laundering operation targeted by the National Crime Agency. A court ruling said that bank records showed that Javad Marandi, who has been on a Conservative advisory board of ultra-wealthy supporters, either owned or was […]
Reported by Vanda Felbab-Brown A bag of what is likely fentanyl, San Francisco, California, February 2020 Shannon Stapleton / Reuters The United States is suffering the deadliest drug epidemic in its history. Overdoses claimed the lives of more than 100,000 Americans between August 2021 and August 2022 alone. Over the span of just a few […]
Reported by Matt Oliver When Rosario D’Onofrio strolled into Milan’s colourful Chinatown quarter in March 2020, he was allegedly carrying €180,000 in cash. The Italian football referee, who has been accused of moonlighting as a drug trafficker known as “Rambo”, was there to meet a Chinese money launderer who could help him pay suppliers in […]
Reported by Rohan Goswami James Ellingson allegedly dealt cocaine, LSD, ecstasy and marijuana on Ross Ulbricht’s Silk Road marketplace, and accepted more than $500,000 worth of bitcoin from Ulbricht to carry out a series of murders which he might not have completed, Manhattan federal prosecutors said Thursday. Ellingson, who allegedly used the alter egos “redandwhite,” “MarijuanaIsMyMuse” and […]
Reported by Sarah N. Lynch NEW YORK, May 10 (Reuters) – U.S. Representative George Santos was arrested on Wednesday on federal charges of fraud, money laundering and theft of public funds in the latest hit to the newly elected Republican, who has resisted calls to resign for lying about his resume. The 13-count indictment, unsealed […]
Reported by DYLAN LOH Foreign and local banks in Singapore will be required to share information with one another on a digital platform that will make it easier to raise red flags on potential money laundering acts, as the city-state tightens oversight on illicit capital flows. The tiny nation’s lawmakers on Tuesday passed a bill […]
Reported by Reuters The European Union has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia’s war machine, the Financial Times reported on Sunday. Seven Chinese businesses have been listed in a new package of sanctions that will be discussed by EU member states this week, […]
Reported by Keith Griffith A notorious short-seller has targeted billionaire activist investor Carl Icahn, accusing his company of relying on ‘ponzi-like economic structures’ to pay unsustainable shareholder dividends. Hindenburg Research on Tuesday disclosed a short position in Icahn Enterprises (IEP), and issued a report accusing the holding company of inflating the value of its units […]
Reported by Tony “The Bull” Detractors in the past claimed the company is being led by a “walking time bomb” and now, a top former SEC official is warning customers to “get out” of the exchange “now.” Binance’s global business practices have come under scrutiny in recent months, as have several other top crypto firms, […]
Financial Crime News Briefs 