08.05.21

Chinese nationals plead guilty in money laundering scheme connected to El Chapo's cartel

A Chinese national pleaded guilty, and another was sentenced to seven years in prison for a global money laundering scheme that laundered tens of millions of dollars on behalf of drug-trafficking organizations, including Joaquin "El Chapo" Guzman's Sinaloa cartel.



08.05.21

U.S. charges Florida resident in alleged money laundering, bribery scheme

A Florida resident has been charged in an alleged scheme to bribe Venezuelan officials to obtain $250 million in contracts and launder funds, U.S. authorities said on Wednesday.



08.05.21

Hongkonger jailed in US for 7 years over transnational drug money laundering network

A Hong Kong resident has been jailed for seven years in the US for trying to bribe an American government official to obtain US passports for a transnational money-laundering network.



08.05.21

A 'significant' upgrade to Ethereum is rolling out this week-here's what crypto investors should know

Ethereum, the blockchain that runs ether, the second-largest cryptocurrency under bitcoin, will undergo a major upgrade this week.



08.04.21

Leader of Transnational Money-Laundering Network Pleads Guilty to Aiding Drug-Trafficking Organizations, While Co-Conspirator is Sentenced

A Chinese national and naturalized U.S. citizen pleaded guilty yesterday to his involvement in a conspiracy to launder at least $30 million in drug proceeds on behalf of foreign drug-trafficking organizations. Another Chinese national was sentenced to seven years in prison today for his role in the same conspiracy.



08.04.21

Guatemala appoints controversial new anti-corruption prosecutor

Move comes after sacking of former anti-corruption prosecutor spurred mass protests and international criticism.



08.04.21

Former Chief Financial Officer of Publicly Traded Company Convicted of Securities and Accounting Fraud

A federal jury in the Eastern District of Wisconsin on Thursday convicted the former chief financial officer of Roadrunner Transportation Systems Inc. (Roadrunner), a publicly traded trucking and logistics company formerly headquartered in Cudahy, Wisconsin, on four counts of violating federal securities laws for his role in a complex securities and accounting fraud scheme.



08.04.21

SEC chair calls for more power to regulate cryptocurrency

On Tuesday, chair of the US Securities and Exchange Commission Gary Gensler called on Congress to expand the agency's authority in regulating cryptocurrency trading, lending, and platforms.



08.04.21

8 Alleged Gang Members Charged In Sophisticated Financial Crime Spree Targeting, Among Others, Uber And Lyft Drivers

They're accused of taking part in shootings, and what investigators describe as sophisticated financial crimes. Among their victims were Uber and Lyft drivers, CBS2's Dave Carlin reported.



08.03.21

Hong Kong Singer Anthony Wong Charged With Corruption

Cantonese-language singer Anthony Wong Yiu-ming has been formally charged with corruption by Hong Kong authorities.



08.03.21

How to identify and defend against financial crime

Covid-19 has presented a challenge for all businesses, industries, and individuals. A huge concern throughout the pandemic has been the proliferation of financial crime and the opportunities that have presented themselves to fraudsters.



08.03.21

The largest news agency in the U.S. changes crime reporting practices to 'do less harm and give people second chances'

The AP will no longer name those arrested for minor crimes when the news service is unlikely to cover the story's subsequent developments.



08.03.21

How language in the infrastructure bill could roil the crypto markets

The Senate's infrastructure bill requires any "broker" to report customer information to the IRS, but it could expand the definition of a broker to include a vast amount of participants.



08.03.21

Westfield Man Sentenced for Wire Fraud and Money Laundering

A Westfield man was sentenced to 5 years in prison for wire fraud and money laundering. He will also serve 3 years of supervised release and was ordered to pay over $1,500,000 in restitution.



08.02.21

Monzo discloses money laundering probe, losses increase

British digital bank Monzo is facing a potential civil and criminal money laundering investigation by the Financial Conduct Authority (FCA), the lender disclosed in its annual report released on Friday.



08.02.21

Crypto organizations say $28 billion tax plan in Senate infrastructure bill poses an 'imminent threat' to the industry

Cryptocurrency organizations have asked Congress to reconsider language in the Senate's infrastructure bill that posed an "imminent threat" to the industry.



08.02.21

Foreigners file slew of lawsuits against alleged Israeli investment scammers

People who say they lost large sums to fraudulent trading firms are seeking justice in civil court, though they face webs of shell companies and opaque ownership structures



08.02.21

Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze

The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year.



08.02.21

California Atty. Gen. Rob Bonta warns San Diego military about financial fraud

Scams include everything from illegal threats by debt collectors to fraudsters posing as potential sweethearts on dating apps, officials said.



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