Securities fraud
Financial crimes watchdog gets rid of Turkey from income laundering ‘gray list’
As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the metropolis of Istanbul, Turkey in the background. Vw Pictures | Universal Illustrations or photos Group | Getty Pictures The Fiscal Action Task Power, an global watchdog firm committed to combating revenue laundering and illicit hard […]
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Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges
Hercules Investments CEO and CIO James McDonald. CNBC A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation, federal prosecutors said. The defendant, James Arthur McDonald Jr., is accused of misrepresenting […]
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UAW president under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC. Chip Somodevilla | Getty Images DETROIT – United Auto Workers President Shawn Fain is […]
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DOJ settles CityMD Covid fraud allegations for $12 million
Persons wait in in a queue to enter CityMD, a health and fitness clinic that features coronavirus illness (COVID-19) tests, on the Higher West Aspect as the Omicron coronavirus variant continues to spread in Manhattan, New York Town, U.S., December 19, 2021. Andrew Kelly | Reuters Walgreens-backed CityMD will fork out $12.04 million to settle […]
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Shohei Ohtani’s former interpreter pleads guilty to gambling-related theft charges
Ippei Mizuhara, the former interpreter for Japanese baseball star Shohei Ohtani, leaves federal court in Los Angeles, California, U.S., May 14, 2024. Mike Blake | Reuters The former translator for Los Angeles Dodgers superstar Shohei Ohtani pleaded guilty on Tuesday to federal charges stemming from his multi-million-dollar thefts from the baseball icon. Ippei Mizuhara, 39, appeared in […]
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U.S. dismissed evidence key U.K. financial institution was assisting fund sanctioned Iranian teams, whistleblower suggests
Key Points London-based mostly Regular Chartered, which primarily serves clientele in rising marketplaces, was previously punished with extra than $1.7 billion in fines right after admitting in 2012 and 2019 to violating sanctions on Iran and other blacklisted nations around the world. The lender denies that it ran transactions for any companies specified as terrorists. […]
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Epoch Instances CFO Bill Guan is billed in alleged $67 million world-wide income laundering plan
The main monetary officer of conservative world information outlet The Epoch Situations has been arrested and billed with foremost a yearslong plan to launder at the very least $67 million in illicit funds, federal prosecutors said Monday. The plan — which concerned cryptocurrency, tens of thousands of pay as you go debit cards, fraudulently attained […]
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Bitcoin billionaire Michael Saylor settles DC tax fraud case for $40 million
Billionaire bitcoin investor Michael Saylor and the company he established, MicroStrategy, will spend $40 million to settle a tax fraud lawsuit brought by the Washington, D.C., lawyer common, the AG’s business introduced Monday. Between 2005 and 2021, Saylor allegedly evaded over $25 million in District of Columbia profits taxes by posing as a resident of […]
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DOJ fees Chinese nationwide with functioning ‘world’s largest botnet’ that stole $5.9 billion in Covid aid money
The seal of the US Office of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty Visuals A world-wide malware community responsible for the theft of $5.9 billion in Covid aid funds and tied to other crimes like baby exploitation and bomb threats has been shut down, Office of Justice […]
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Former Malaysia Primary Minister Mahathir says he’s ‘not concerned in corrupt practices’
Malaysia’s former key minister Mahathir Mohamad mentioned he and his family associates had been not included in any “corrupt tactics.” Previous thirty day period, Malaysia’s Anti-Corruption Commission said Mahathir was among persons being investigated over a corruption probe that included his sons, in accordance to Reuters. Mahathir’s sons — Mirzan and Mokhzani — have been […]
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