Saturday, August 20, 2022

U.S

US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra

A group of North American privacy and consumer watchdogs is asking the U.S. Congress to halt Facebook‘s Libra project. In a letter posted by Public Citizen, the group details a list of issues they have with Facebook’s cryptocurrency. The more than 30 signers include the Center...

Former Cleveland boxer admits to laundering drug money through real estate, training roosters for cockfights

A former well-known Cleveland boxer pleaded guilty on Wednesday to running a bank-like operation in which he laundered money for drug traffickers and other criminals through buying real estate. Raul Torres is also accused of participating in cockfights. Torres boxed in...

Ex-Scranton mayor pleads guilty to bribery, extortion and conspiracy charges

Less than 24 hours after resigning from office, the former mayor of Scranton, Pennsylvania pleaded guilty on Tuesday to shaking down businesses for both bribes and campaign contributions during his term and a half in office. Bill Courtright, who led the city...

Former City Council Candidate in New Jersey Convicted in Voter Bribery Scheme Case

A former candidate for the Hoboken City Council, in New Jersey, was convicted Tuesday of conspiring to promote a voter bribery scheme, federal prosecutors announced. Francis Raia, 67, of Hoboken, a candidate for Hoboken City Council in 2013, was convicted...

Northern Florida Bingo Operator Sentenced to Federal Prison for Illegal Gambling and Money Laundering

U.S. Attorney Lawrence Keefe for the Northern District of Florida today announced the sentencing of Larry L. Masino, 69, of Gulf Breeze, and Dixie L. Masino, 66, of Pensacola. A jury found both guilty of conspiracy and money laundering charges...

Oracle launches money laundering solution for small- and mid-sized banks

Oracle announced the availability of Oracle Financial Services Anti Money Laundering (AML) Express Edition targeted at small- and mid-sized banks. It provides a single, unified platform to efficiently detect, investigate, and report suspected money laundering and terrorist financing activity to...

SEC probes Siemens, GE, Philips in alleged China medical equipment scheme

The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge...

Ex-Arkansas senator pleads guilty to tax fraud, bribery in corruption probe

A former Arkansas state lawmaker who is the nephew of Republican Gov. Asa Hutchinson pleaded guilty Tuesday to accepting bribes from lobbyists and filing a false tax return as part of a deal with federal prosecutors to dismiss other corruption charges against him. Former state Sen....

TechnipFMC fined $296 mn over Brazil, Iraq bribes

Oil services firm TechnipFMC has agreed to pay a total of $296 million to resolve allegations the company bribed Brazilian and Iraqi officials, the US Justice Department announced Tuesday. A former Technip consultant also pleaded guilty to a charge of...

Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M

A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. Jeffrey David, 44, the team’s former chief revenue officer, pleaded guilty in December to wire fraud and aggravated identity...

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