Wednesday, August 10, 2022

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US sanctions cryptocurrency service allegedly used by North Korea for money laundering

The US Treasury on Monday sanctioned Tornado Cash, a virtual currency mixer, for its use by cybercriminals, including those under US sanctions. According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency...

Former Twitter worker convicted of spying for Saudi Arabia

A former Twitter employee has been convicted of failing to register as an agent for Saudi Arabia and other charges after accessing private data on users critical of the kingdom’s government in a spy case that spanned from Silicon Valley to...

Alleged Russian Cryptocurrency Money Launderer Extradited to United States

The alleged operator of the illicit cryptocurrency exchange BTC-e was extradited yesterday from Greece to the United States to face charges in the Northern District of California. “After more than five years of litigation, Russian national Alexander Vinnik was extradited...

Former Southern professor sentenced for money laundering scheme after decade on the run

A former Southern University associate professor who fled the U.S. in 2011 to evade charges of mail fraud and money laundering that cost the school $157,366 was sentenced Thursday to two years in federal prison, the U.S. Justice Department...

Former Texas police chief gets 15 1/2 years for bribery

A former West Texas police chief was sentenced Friday to 15 1/2 years in prison for taking bribes for a multimillion-dollar contract for a city vendor. A federal judge sentenced former San Angelo police Chief Timothy Ray Vasquez, 52, in...

Former Richardson Mayor, Husband Sentenced in Federal Conspiracy, Bribery Case

A former Richardson mayor and her husband have been sentenced to federal prison for their 2021 convictions on public corruption charges. Laura Jordan (Maczka), 57, and Mark Jordan, 55, who were convicted last summer on multiple conspiracy, bribery and tax...

Former Puerto Rico Gov. Wanda Vázquez is charged with bribery

SAN JUAN, Puerto Rico — Former Puerto Rico Gov. Wanda Vázquez was arrested Thursday on bribery charges related to the financing of her 2020 campaign, the latest hit to an island with a long history of corruption that brought...

Mexico’s attorney general investigating ex-president Enrique Nieto

Mexico’s Attorney General’s Office said Tuesday that it has opened several lines of investigation against former President Enrique Peña Nieto, several weeks after the country’s anti-money laundering agency accused the former leader of handling millions of dollars in possibly...

Robinhood Crypto Fined $30 Million Over Alleged Violations Of Anti-Money Laundering Rules

Robinhood Crypto, the cryptocurrency arm of Robinhood, has been fined a whopping $30 million by the New York Department of Financial Services (NYDFS) for allegedly violating anti-money laundering (AML), cybersecurity and consumer protection laws. In a statement Tuesday, Adrienne Harris, the superintendent...

ED arrests Shiv Sena MP Sanjay Raut in money laundering case

The Enforcement Directorate (ED) has arrested Shiv Sena MP Sanjay Raut in a money laundering case linked to alleged irregularities in the redevelopment of a Mumbai 'chawl', officials said. Raut, 60, was arrested after over six hours of questioning at...

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