Thursday, February 25, 2021

financial crime

Rise in bitcoin ATM create opportunities for money launderers

Cryptocurrency ATMs have seen a surge in interest amid this year's Bitcoin frenzy, fuelling concerns the machines could be exploited by "money mules" looking to wash criminal cash. Installed in shops, petrol stations and even strip clubs, the machines swap...

Nonprofit pleads guilty to racketeering charge in $60 million bribery case involving Ohio’s House Bill 6

The nonprofit at the heart of the state’s largest corruption scandal pleaded guilty Friday to a federal racketeering charge involving House Bill 6. Generation Now helped receive more than $60 million in bribes that FirstEnergy Corp. and its affiliates gave...

Newark Man pleads guilty for role in $23 million money-laundering scheme

A Newark man admitted to participating in a large international money laundering conspiracy and using a stolen identity to advance the scheme, authorities said Thursday. Edwin Deleon-Batista, 37, pleaded guilty by video conference before U.S. District Judge Katharine Hayden to his role in...

Former Brooksville mayor arrested on child pornography charges

A former mayor of a small Florida city has been arrested on child pornography possession and distribution charges. The U.S. Attorney’s Office for the Middle District of Florida said Kevin Hohn, 65, is a former mayor of Brooksville, a city...

Former Romanian billionaire Ioan Niculae sentenced to five years in prison for corruption

The Bucharest Court of Appeal sentenced well-known businessman Ioan Niculae, once considered Romania’s wealthiest, to five years in jail for corruption. The sentence is final and is tougher than the first one ruled by the Bucharest Court. Soon after the court’s...

Nigerian Instagram celebrity Hushpuppi accused of laundering funds for North Korean hackers

New details have emerged about the case against Instagram influencer Ramon Abbas, who wowed the internet with pictures of his clothes, cars, money and lifestyle between 2012 and 2020. In July, Abbas was charged by the U.S. Attorney’s Office in Los...

U.S charges North Korean hackers with stealing $1.3 billion from global financial institutions and firms

Three North Korean computer programmers have been charged by the U.S. Justice Department in connection with a broad range of global cyberattacks. Federal authorities said Wednesday the programmers were indicted for conducting a series of hacks to steal and extort...

Estonia to cut ties with US law firm Freeh Sporkin & Sullivan LLP in international money laundering investigations

The government discussed on Thursday how to best protect the interests of the Estonia state in international money laundering investigations and decided that in money laundering investigations the prosecutor's office of Estonia will be given the helm, while the...

Former Illinois House Speaker Michael Madigan resigns state seat amid bribery investigation

Former Illinois House Speaker Michael Madigan (D) is resigning from the state legislature at the end of the month amid a bribery investigation. “Today I am announcing that I will resign as state representative of the 22nd district at the end of the...

Paulding district attorney Donovan indicted on bribery charges

A suburban Atlanta district attorney has been indicted on charges that he improperly sought to have a municipal court dismiss a charge against the female employee he is accused of sexually harassing. Paulding County District Attorney Donald Richard “Dick” Donovan...

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Former Shell employees involved in fuel theft charged with bribery

Three former Shell Eastern Petroleum employees who are accused of being involved in a scheme to steal fuel from...
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