Saturday, June 19, 2021

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Mahatma Gandhi’s great-granddaughter gets 7 years in prison for fraud in South Africa

Ashish Lata Ramgobin, the 56-year-old great-granddaughter of Mahatma Gandhi, has been jailed for seven years in a six-million rand (Rs 3.22 crore) fraud and forgery case. Mahatma Gandhi's great-granddaughter was sentenced by a Durban court after she was found...

Italian police probe DHL’s subsidiary for tax fraud

Italian tax police have seized assets worth more than 20 million euros ($24 million) from the local unit of logistics giant Deutsche Post DHL (DPWGn.DE) as part of a fraud investigation, a judicial document seen by Reuters showed on Monday. Deutsche Post...

National Australia Bank probed over serious anti-money laundering breaches

National Australia Bank (NAB.AX) said on Monday it is under investigation for suspected serious and ongoing breaches of anti-money laundering and counter-terrorism laws, sparking concerns about potential fines and higher compliance costs. The financial crime regulator said there were "areas of serious...

Palm Beach private equity fund manager indicted on charges of bank fraud, wire fraud in $95 million bank loan

In what federal prosecutors call a “brazen fraud,” a 52-year-old Lake Worth Beach-area private equity manager is accused of persuading a bank to loan him $95 million by forging documents, including the names of top business and university endowment officials. Elliot Smerling,...

How criminals are laundering cryptocurrencies

In the world of online crime, anonymous cryptocurrencies are the payment method of choice. But at some point, virtual hauls need to be turned into hard cash. Enter the “Treasure Men”. Finding a Treasure Man is easy if you know...

France probes personal wealth of Lebanon’s central bank chief Riad Salameh

Paris financial prosecutors have opened a preliminary probe into criminal association and money laundering by Salameh, a source close to the investigation and a judicial source said, following a similar move by Switzerland. Its findings could shed light onto the origins of...

Omaha’s pro soccer player indicted in internet romance scam

A player on Omaha’s pro soccer team has been indicted on federal charges accusing him of defrauding people in internet romance scams. Abdul Osumanu, 24, of Ghana, is charged with two counts of mail fraud, two counts of wire fraud,...

Cayman Islands cancels Hinduja Bank’s licence over money laundering charges

The Cayman Islands has cancelled the banking licence of Geneva-based  Hinduja Bank over charges of money laundering. International journal Global Banking Regulation Review on Wednesday reported that  the regulator Cayman Islands Monetary Authority (CIMA) had revoked Geneva-based Hinduja Bank’s...

Broward Health former director pleads guilty to accepting $400,000 in kickbacks

Broward Health’s former procurement director admitted accepting over $400,000 in kickbacks as he pleaded guilty to a federal conspiracy charge Tuesday. Brian Bravo, 46, of Pembroke Pines, entered the guilty plea in federal district court in Fort Lauderdale, prosecutors announced....

El Salvador’s former first lady Ana Saca sentenced to 10 years in prison for money laundering

A court in El Salvador sentenced the wife of former President Tony Saca to 10 years in prison for money laundering Friday and ordered her to repay $17.6 million to the government. Ex-first lady Ana Ligia de Saca got the...

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