Sunday, April 11, 2021

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Portugal ex-PM Socrates ordered to stand trial for money laundering

A Lisbon judge ruled Friday to put former Portuguese Prime Minister José Sócrates on trial for alleged money-laundering and forgery but said the statute of limitations had expired on more than a dozen corruption allegations. Judge Ivo Rosa said that...

Oil heiress Anna Bettozzi arrested in mafia fuel fraud operation

Dozens of people have been arrested, including an oil heiress and singer who was found with €300,000 (£260,000) in cash when her Rolls-Royce was pulled over in 2019, as Italian police disrupted a massive fuel fraud by mafia groups. Police...

Former BitMEX CEO Arthur Hayes surrenders to U.S authorities in Hawaii

Former BitMEX CEO Arthur Hayes surrendered to United States authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives. In a statement, Hayes’ lawyers described the Singapore resident as “a self-made entrepreneur...

Malaysia ex-PM Najib Razak faces bankruptcy over $400 million tax bill

Malaysia’s former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described as an attempt to destroy his political career. Najib, who...

Ukraine’s ex-judge accused of corruption was kidnapped in Moldova

A Ukrainian judge who left the country in 2016 facing corruption charges was taken back across the border into Ukraine after being abducted outside a gym, the Moldovan interior minister said on Monday. Judge Mykola Chaus was accused by Ukrainian...

Real Housewives star Jennifer Shah pleads not guilty to fraud, money laundering charges

"Real Housewives of Salt Lake City" star Jennifer Shah entered a not guilty plea Friday on federal charges of conspiracy to commit wire fraud and money laundering, in connection with a purported long-running telemarketing scam. A federal judge in New...

Techy fraudsters used online investment platforms to launder covid relief funds

Tech-savvy fraudsters stealing from the government’s Covid pandemic relief programs to help businesses have found a convenient way to launder the money: they’re opening accounts with at least four online investment platforms, law enforcement officials said. The digital platforms, investigators said, are...

EY drops appeal against $10.8m payment awarded to whistleblower

Global accounting and consultancy firm EY has dropped its appeal against a judge's decision ordering it to pay $10.8m to a whistleblower who flagged money laundering concerns. A BBC investigation revealed EY covered up evidence of smuggling by an organised...

Former Serco directors accused of hiding £12 million in profits from the U.K government

Two former Serco Group Plc directors concealed 12 million pounds ($16.5 million) in profits from the U.K. Ministry of Justice, ultimately defrauding both the government and taxpayers, prosecutors told a London court. Simon Marshall and Nicholas Woods were accused of...

World Bank blacklists Scottish shell firm NovoLine Resources for fraudulent practices

The World Bank has blacklisted an anonymously owned Scottish shell company after exposing “fraudulent practices” in an emergency medical aid programme. In the latest blow to British corporate governance, the lender has banned Edinburgh-registered NovoLine Resources LP from bidding in...

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