Monday, January 18, 2021

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European Central Bank’s President claims bitcoin enables money laundering

European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.” “For those who had assumed that it might turn into a currency -- terribly sorry, but this...

South Korea’s court upholds ex-President Park Geun-hye’s 20-year prison sentence

South Korea's highest court has upheld former President Park Geun-hye's 20-year prison sentence for her 2018 bribery conviction, ending a corruption scandal that has gripped the country for years. Park was initially sentenced to 24 years in prison after she was...

Fort Walton Beach ex-finance director charged for fraud, money laundering

A former finance director for the city of Fort Walton Beach has pleaded no contest to fraud charges involving personal use of public funds, according to a news release from the State Attorney's Office. Brandy Ferris, pleaded no contest Jan. 11...

Romanian President approves bribery probe against former PM Tariceanu

Romanian President Klaus Iohannis approved on Wednesday a request from anti-corruption prosecutors to allow a criminal investigation against former prime minister and senate speaker Calin Popescu Tariceanu for suspected bribe-taking. Tariceanu, 68, has denied all wrongdoing. Prosecutors have said Tariceanu received...

Founder of RG Coins cryptocurrency exchange gets 10 years in prison money laundering

The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years. Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds...

Former Cleveland State University employee accused of giving contracts to relatives in exchange for bribes

A current and former Cleveland State University employee are among five people indicted in what prosecutors say was a scheme that steered more than $250,000 in contracts to one of the employee’s relatives. Marlene Gombach approved grant-funded contracts to pay...

Broward Health former executive faces $600,000 in kickbacks allegation

A purchasing executive at Broward Health steered plum contracts to his accomplices in exchange for $600,000 in kickbacks, vacations to Cancun and the Bahamas, and even a pair of World Cup tickets, prosecutors say. Now Brian Bravo, 46, faces up...

Former Italian MP gets 4 years for taking bribes from Azerbaijan politicians

A court in Milan sentenced Luca Giuseppe Volontè, former member of the UDC and member of the Parliamentary Assembly of the Council of Europe, to four years in prison for corruption, Il Fatto Quotidiano reports. He is accused of abusing his function,...

Australian infrastructure firm ex-executive charged for role in Unaoil bribery scandal

Former Leighton Holdings executive David Savage has been charged over his alleged role in the international Unaoil scandal, which involved bribery of senior officials in oil-producing nations to secure lucrative contracts. Mr Savage, the former chief operating officer of the...

UK public warned about crypto investment risks

Consumers should be prepared to lose all their money if they invest in schemes promising high returns from digital currencies such as bitcoin, a City watchdog has warned. The volatile nature of cryptoassets was highlighted again on Monday as bitcoin dropped...

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