Thursday, December 9, 2021

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Former state senator, Jeremy Hutchinson indicted on bribery, fraud charges

A federal grand jury has indicted former state Sen. Jeremy Hutchinson on 12 counts of conspiracy, bribery and fraud related to his work for Missouri-based health care nonprofit. Hutchinson, an attorney, resigned his state Senate seat last year when a...

Lori Loughlin faces money laundering charges as college admissions scam investigation continues

In what prosecutors are calling the largest college admissions scandal in U.S. history, actress Lori Loughlin and her husband J. Mossimo Giannulli are facing additional charges, including money laundering, after refusing a plea deal that actress Felicity Huffman and...

Standard Chartered to pay $1.1B for violating Iran sanctions

Financial services giant Standard Chartered Bank agreed Tuesday to pay U.S. and British authorities more than $1 billion to resolve allegations that it processed transactions for customers in Iran and other countries under U.S. sanctions. The London-based bank, which previously...

Swedbank’s Crisis Management Questioned in Walk-Up to Money-Laundering Investigations

Months before police raided the offices of Swedbank AB, a series of missteps including some acknowledged by the bank’s ousted chief executive had raised questions among independent compliance experts about the bank’s management of a crisis born of concerns over...

Former SeaWorld lawyer pleads guilty to insider trading

A former attorney for SeaWorld Entertainment Inc on Tuesday pleaded guilty to insider trading, the U.S. Justice Department said. As part of the guilty plea, Paul Powers admitted to using non-public information on the company’s financial performance that he received...

Spooked by money laundering scandal, SEB cuts Swedbank stake

Swedish bank SEB’s fund management arm has cut its stake in rival Swedbank by just over half, citing risks Sweden’s biggest mortgage lender faces due to its alleged involvement in a fast-growing Baltic money laundering scandal. Swedbank has come under...

Switzerland and Brazil determined to unravel Petrobras money-laundering affair

Crime fighters in Switzerland and Brazil have pledged to intensify co-operation to resolve the sprawling corruption case linked to state oil firm Petrobras in which about 700 million-Swiss francs ($701m) remain frozen in Switzerland. Switzerland has so far returned roughly...

Moroccan Army Opens Investigation Into Fresenius Bribery Scandal

The Moroccan army has opened an investigation to look into instances of bribery by Fresenius Medical Care between 2006 and 2012, said the major general of the Moroccan Royal Armed Forces (FAR) on Friday. The investigation will involve hearings of...

Actress Felicity Huffman and other parents agree to plead guilty in college admissions scandal

Felicity Huffman and a dozen other wealthy parents swept up in the far-reaching college admissions scandal have agreed to plead guilty after being charged in the scheme, according to court records. The actress and 12 other parents, including Los Angeles marketing...

New data shows London’s property boom is a money laundering horror

Money laundering has been pinpointed as a problem for the UK, with trillions of pounds thought to be sloshing through banks and properties. It has been pinpointed as a target for the government, with economic secretary to the Treasury...

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