Thursday, February 25, 2021

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Former head of Vatican bank sentenced to 9 years in prison for money laundering, embezzlement

A former head of the Vatican bank has been convicted of embezzlement and money laundering and sentenced to nearly nine years in prison. Angelo Caloia, 81, was president of the bank – officially known as the Institute for Works of Religion (IOR) – between...

Tennessee state senator Katrina Robinson faces new fraud, money laundering charges

Tennessee State Senator Katrina Robinson is facing new federal charges, along with two other people. They’re charged with conspiracy to commit wire fraud and money laundering. Tennessee State Senator Katrina Robinson, 40, has been federally charged in a new case,...

NRA faces fraud allegations over bankruptcy filing

A major donor to the National Rifle Association is poised to challenge key aspects of the gun group’s bankruptcy filing, in an attempt to hold executives accountable for allegedly having defrauded their members of millions of dollars to support their...

U.S megachurch pastor Kirbyjon Caldwell jailed for six years in fraud scheme

A Texas megachurch pastor and former spiritual adviser to two U.S. presidents has been sentenced to six years in prison for bilking investors out of millions of dollars. Kirbyjon H. Caldwell, 67, was sentenced Wednesday in Shreveport, Louisiana, where he...

Samsung heir Jay Lee gets to two years prison sentence for bribery

Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic setback for the world’s biggest electronics company as it tries to move beyond a years-long scandal that inflamed outrage over...

Capital One fined $390 million for breaching U.S. anti-money laundering law

Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on...

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...

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...

U.S. sanctions Ukraine officials over interference in 2020 election

The Trump administration on Monday slapped sanctions on seven Kremlin-linked individuals and four entities for attempting to interfere in the 2020 U.S. presidential election. The U.S. Treasury Department described the targeted sanctions as the “inner circle” of Ukrainian lawmaker Andrii...

US prosecutors accused Honduran president of collecting bribes from drug traffickers

US federal prosecutors have filed motions saying the Honduran president, Juan Orlando Hernández, took bribes from drug traffickers and had the country’s armed forces protect a cocaine laboratory and shipments to the US. The documents quote Hernández as saying he...

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