Reported by: AYSHA BAGCHI The Internal Revenue Service has signaled that a wave of tax prosecutions involving cryptocurrency is coming. Its Criminal Investigations division is building hundreds of cryptocurrency cases, with about half of those investigations focused specifically on tax crimes, according to division Chief Jim Lee. Others target money laundering, he said. Lee made […]
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: Gwinny Kongphet The Regulated Liability Network, a proof-of-concept digital currency network, was launched on Tuesday according to a collection of banking organizations that includes HBSC, Mastercard, and Wells Fargo (RLN). The New York Innovation Center (NYIC), a division of the Federal Reserve Bank of New York, is thrilled to be collaborating with the […]
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: Sam Tobin The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian construction company Odebrecht asked a London court on Wednesday to refuse to extradite him. Peter Weinzierl – former chief executive of Meinl Bank, later renamed […]
Reported by: Anna Baydakova Alex Bornyakov, deputy minister of digital transformation of Ukraine, took to Twitter Monday night to officially deny a conspiracy theory around the country’s crypto fundraising effort. “A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations into fiat in March. Ukraine’s gov never invested any funds into FTX. The whole […]
Reported by: Sam Jones in Berlin and Max Seddon in Riga German police have raided offices of the Swiss bank UBS in connection with a money laundering investigation into Uzbek-born Russian billionaire Alisher Usmanov. UBS branches in Frankfurt and Munich were searched on Tuesday morning, state prosecutors confirmed to the Financial Times. “The subject of […]
Reported by: Department of Justice, U.S. Attorney’s Office, Southern District of New York In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012. Law enforcement seized approximately 50,676.17851897 Bitcoin, then […]
Reported by: Rupert Neate Wealth correspondent More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian. The findings come as the government begins a crackdown to dismantle the secrecy that surrounds offshore property ownership, […]
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