Reported by By Aoyon Ashraf Operation Choke Point 2.0,” the alleged coordinated efforts by the Biden administration to cut the cryptocurrency industry off from the U.S. banking sector, is the Securities and Exchange Commission’s “chemotherapy” for a $14 billion “Ponzi cancer,” said Oliver von Landsberg-Sadie, founder and CEO of crypto banking firm BCB Group. He […]
Reported by TOM KEATINGE In February 2022, I compared the UK’s first round of sanctions against Russia and the Putin regime to taking a peashooter to a gunfight. The threat of sanctions failed to deter Vladimir Putin’s full-scale invasion of Ukraine and their early imposition was slow and lacked bite. Western leaders were initially poor at articulating […]
Reported by Kris Holt A former Apple employee who pled guilty to defrauding the company out of over $17 million has been sentenced to three years in prison and ordered to repay his ill-gotten gains. Dhirendra Prasad, who primarily worked as a buyer in Apple’s Global Service Supply Chain department during his time at the […]
Reported by Jennifer Sor Russia is relying on its “dark fleet” of oil tankers to skirt Western sanctions, but that’s raising the risk of ship collisions out at sea, according to industry experts, who have flagged concerns as Russia attempts to evade trade restrictions. Executives from maritime shipping and insurance firms have said Russia’s growing […]
Reported by Alex Young Fugees co-founding member Pras Michel has been convicted for his involvement in a brazen billion-dollar Malaysian money laundering scheme. On Wednesday, a jury found Pras guilty of 10 federal counts, including campaign finance violations, money laundering, illegal lobbying, witness tampering, and lying to banks. He faces up to 20 years in prison. The case […]
Reported by Breck Dumas Cryptocurrency crimes like hacking heists reached an all-time high in 2022, but new technologies using AI are cracking dow Cryptocurrency crimes hit an all-time high last year as digital tokens’ popularity with criminals soared to a record, but the meteoric rise of artificial intelligence means there’s a new sheriff in town, and its […]
Reported by Torey Akers The first-ever insider trading trial in the US involving digital assets is getting underway, and the focus is on art, not stocks. A former product manager at OpenSea, the largest NFT(non-fungible token) marketplace, has been accused by the Manhattan District Attorney’s office of violating confidentiality procedures in order to sell his […]
Reported by Glenn Thrush WASHINGTON — The Justice Department said on Monday that it had indicted four men on charges of laundering virtual currency stolen by an infamous North Korean online criminal syndicate as part of a far-reaching scheme to buy goods with U.S. dollars and evade international sanctions. The charges, filed in three cases […]
Reported by Editorial Staffq A Grand Court judge ruled largely in favor of financial services group Maples in a complex legal ruling after it challenged the regulator, CIMA, over new rules surrounding the recording of clients’ details under regulations rolled out in 2020 as part of the enhanced local anti-money laundering regime. The decision comes […]
Reported by Pete Syme Taylor Swift avoided signing a $100 million sponsorship deal with FTX because she was the only celebrity to question the crypto exchange, according to the lawyer handling a class-action lawsuit against several FTX promoters. Adam Moskowitz appeared on “The Scoop” podcast to discuss the lawsuit, and said that the plaintiffs are seeking over $5 billion from FTX’s celebrity endorsers, […]
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