Tuesday, August 16, 2022

Fraud

Nigerian senator jailed seven years for money laundering

Senator representing Delta North Senatorial District at the National Assembly, Peter Nwaoboshi, has been sentenced to seven years imprisonment. Nwaoboshi was sentenced to jail on Friday by the Lagos Division of the Court of Appeal. The court also ordered that his...

New York Shuts Down Olivet University Amid Federal Money-Laundering Probe

New York shut down Olivet University's operations in the state, saying the Evangelical Christian college was still largely run by a group of David Jang disciples linked to a 2018 criminal conspiracy. Jang, a Korean American cleric, founded Olivet in...

Macmillan Nigeria Publisher Charged With $156,700 Fraud

The Economic and Financial Crimes Commission (EFCC) has charged Macmillan Nigeria Publisher, Adesanya Adelekan, and one Bola Fasasi with $156,700 book fraud. The News Agency of Nigeria (NAN) reports that EFCC arraigned Mr Fasasi on Monday in Lagos and said that...

South Texas Mayor Rodrigo Lopez Arrested on Bribery and Fraud Charges

A South Texas mayor was arrested Monday after a federal indictment accused him of committing bribery and fraud. Peñitas Mayor Rodrigo Lopez was arrested as he re-entered the country at the Hidalgo Port of Entry, according to a statement by the U.S....

Nigeria: Ex-Governor Arrested Over Accountant-General’s 80 Billion Naira Probe

The Economic and Financial Crimes Commission has arrested former Governor Abdulaziz Yari in connection with the agency’s ongoing investigation of the suspended Accountant-General of the Federation, Ahmed Idris. Mr Yari, a former governor of Zamfara State, was arrested on Sunday at his...

Former OpenSea Product Manager Arrested and Charged in Alleged NFT Insider Trading Scheme

U.S. prosecutors in Manhattan on Wednesday charged a former product manager at OpenSea, the largest online marketplace for non-fungible tokens, with insider trading, the first such case involving digital assets. Nathaniel Chastain, 31, of Manhattan, was accused of secretly buying...

Former solar power executive gets prison for $1 billion solar fraud

A former executive of a California solar power company was sentenced Tuesday to eight years in prison and ordered to pay nearly $620 million in restitution for his role in a $1 billion fraud scheme, federal prosecutors said. Alan Hansen,...

Pro Poker Player Cory Zeidman Arrested for Alleged Role in $25M Sports Betting Scheme

Professional poker player Cory Zeidman has been arrested and indicted on federal charges of conspiracy to commit wire fraud and mail fraud as well as conspiracy to commit money laundering. A federal indictment from the United States District Court for...

Palm Beach Gallery Owner Charged With Peddling Fake Art Pieces

A Palm Beach gallery owner has been arrested on federal charges for peddling fake art pieces, claiming the cheap reproductions were in fact originals by Andy Warhol, Banksy, Roy Lichtenstein, Jean-Michel Basquiat and others, federal prosecutors said. A complaint filed...

Nigeria’s Accountant General suspended over N80bn fraud

Ahmed Idris, Nigeria’s Accountant General of the Federation, who was on Monday arrested by the Economic and Financial Crimes Commission (EFCC) over an alleged N80bn fraud has been suspended indefinitely by the Minister of Finance, Budget and National Planning,...

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Israel’s ex-PM Netanyahu files motion to dismiss bribery, fraud charges, citing investigation flaws

Opposition leader Benjamin Netanyahu filed a motion in the Jerusalem District Court on Thursday to dismiss the charges against...