Monday, March 8, 2021

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Anti-virus creator John McAfee charged with securities fraud

John McAfee has been charged with securities fraud over a “pump and dump” cryptocurrency scheme. Federal prosecutors unsealed a case against McAfee and his executive advisor and bodyguard Jimmy Gale Watson Jr., claiming the pair earned nearly $2 million by urging Twitter followers...

Malaysia fines Deloitte $80m over 1MDB corruption scandal

Deloitte PLT agreed to a 324-million ringgit ($80 million) settlement with the Malaysian government to resolve all claims related to the firm’s audit of 1MDB and its former unit SRC International between 2011-2014. The payout is the largest 1MDB-related settlement by...

Arrest warrant issued against Mexico’s former state governor, his daughter in money laundering case

A federal judge in Mexico has ordered the arrest of a former governor of the state of Nayarit over money laundering charges. The daughter of former Nayarit Governor Roberto Sandoval Castaneda was also included in the arrest order. Mexico's Attorney...

Former Romanian President’s daughter sentenced to five years for money laundering

The Romanian Court of Appeal on Tuesday sentenced former President Traian Basescu’s daughter, Ioana Basescu, to five years in prison for her involvement in laundering money for her father’s electoral campaign. Former Tourism Minister Elena Udrea, who went on the...

Former IMF chief Rato faces corruption charges in Spain

Former International Monetary Fund chief Rodrigo Rato, found guilty of embezzlement in 2018, is close to standing trial again in Spain after a court charged him with corruption, money laundering and tax dodging, a court document said on Monday. As...

Police raid Barcelona football club, arrest ex-president Bartomeu

A police operation is ongoing at Barcelona football club and several arrests have been made, a police spokesperson said. “We are in the process of carrying out an operation right now with agents of the financial crimes unit,” a police...

French ex-president Sarkozy gets one year in prison for corruption

A Paris court on Monday found French former President Nicolas Sarkozy guilty of corruption and influence peddling and sentenced him to one year in prison and a two-year suspended sentence. The 66-year-old politician, who was president from 2007 to 2012,...

FATF adds Cayman Islands, Morocco, Burkina Faso, Senegal on watch list

Four jurisdictions, including the Cayman Islands and Morocco, will undergo increased monitoring as they face pressure from a global watchdog to address deficiencies in their anti-money-laundering efforts. The Financial Action Task Force, a Paris-based organization that sets anti-money-laundering law standards,...

UK court clears path for the extradition of fugitive billionaire Nirav Modi to India

A London court ruled on Thursday that billionaire Indian diamond magnate Nirav Modi could be extradited to his home country to face charges of fraud, money laundering and interfering with an investigation. Modi, whose diamonds have been worn by the...

Cisco Systems probes former employees of China unit over embezzlement allegations

Cisco Systems Inc. is investigating an alleged embezzlement scheme by former employees in China that may have involved payments to Chinese state-owned firms, the company said. The networking-equipment firm voluntarily disclosed the matter to the U.S. Department of Justice and...

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