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Apple’s head of global security indicted in Santa Clara County weapons permits bribery scandal
Apple’s head of global security was charged with bribery last week for allegedly promising to donate iPads to the Santa Clara County Sheriff’s Office in exchange for concealed weapons permits, according to an indictment made public Monday.
The charges are part of...
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Ponzi scheme ringleader arrested after trying to escape using underwater sea-scooter
The alleged ringleader of a Ponzi scheme that solicited $35 million for crypto mining and other investments has been arrested after attempting to flee FBI agents using a “sea scooter.”
Matthew Piercey, the accused operator of two fraudulent firms that...
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Ex-Microsoft software engineer jailed over $10m bitcoin fraud scheme
A former software engineer at Microsoft received a nine-year prison sentence Monday for an elaborate multi-million dollar criminal scheme involving bitcoin and digital gift cards.
Ukrainian citizen Volodymyr Kvashuk, 26, was sentenced in the U.S. District Court in Seattle for...
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U.S. DoJ seizes over $1 billion in bitcoins linked to online marketplace Silk Road
Federal agents this week seized more than $1 billion worth of bitcoins linked to the now-defunct Silk Road website, a criminal marketplace on the dark web, in what may be the Justice Department’s largest-ever seizure of cryptocurrency.
The Justice Department...
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Lawyer convicted in OneCoin crypto scam disbarred in New York
Mark Scott, famously known as the lawyer who defended the infamous OneCoin ‘CryptoQueen’ scammer, was officially disbarred in New York State on Friday.
The case record states that Scott was convicted of two federal felonies related to the OneCoin case, including conspiracy to commit...
Europe
Dutch prosecutors seize $33m in bitcoin from couple convicted of money laundering
Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and...
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Taiwan’s UMC fined $60m for theft of trade secret to help Chinese chipmaker
Taiwan’s UMC has pleaded guilty to trade secret theft in the United States and will pay a $60 million fine in a case where it was accused of helping a Chinese state-owned chipmaker steal secrets from Micron Technology Inc.
The...
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Mid-Small financial institutions to benefit from Oracle’s Anti-money laundering protection
Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings two decades of experience in fighting big bank financial crime to an easy-to-manage, cost-effective application...
Europe
Spanish police arrests operator of Crypto Arbitrage firm Arbistar on fraud charges
The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one...
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US financial watchdog fines bitcoin mixer operator $60m for money laundering
The founder and operator of some of the first "mixing" services in crypto will have to cough up $60 million to United States regulators, even as he faces continued criminal charges.
The U.S. Treasury's Financial Crimes Enforcement Network, or FinCEN, announced on...
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Former Pakistani Prime Minister Nawaz Sharif declared fugitive from justice
A top Pakistani court on Wednesday declared the country's ailing former Prime Minister Nawaz Sharif, who lives in exile in London, a fugitive from...
Europe
U.K court freezes $5 billion in assets linked to stolen billions from Kazakhstan’s BTA bank
A U.K. civil court froze up to $5 billion in assets including stakes in luxury hotels, cash in bank accounts in half a dozen...
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Hong Kong’s leader Carrie Lam drops plan to extend anti-bribery laws to her role as chief executive
Hong Kong leader Carrie Lam Cheng Yuet-ngor will not extend the city’s anti-bribery laws to cover her own chief executive position, reneging on a promise she made...
Europe
Irish authorities probe Wirecard’s Irish arm over alleged €400m fraud
Gardaí are investigating an alleged €400 million fraud at electronic payments company Wirecard’s Irish arm, the High Court heard on Monday.
The firm, which has its headquarters...