31st August 2017
A Miami man who has spent time in federal prison for cocaine trafficking is facing money laundering charges after police say they found more than $500,000 in cash in his car during a traffic stop. Mauricio Antonio Vargas, 44, was pulled over Thursday after officers saw him run a red… Read More
31st August 2017
The alleged mastermind behind a series of cyber attacks on Lloyds and Barclays banks that disrupted up to 20 million accounts has been extradited from Germany to face charges in the UK. The British man, Daniel Kaye, 29, is accused of attempting to blackmail the banks after using an infected… Read More
28th August 2017
Lawyers for the heir to the Samsung empire ,Jay Y Lee, have filed an appeal against his five-year prison sentence, after he was convicted of charges including bribery, embezzlement and perjury. Lee, 49, can be kept in detention for a maximum of four months while the court considers his appeal. Read More
24th August 2017
Criminal money laundering charges can move ahead against the team behind Backpage.com, the website state prosecutors allege is a worldwide portal for the illicit online sex trade. But in a partial victory for the website’s executives, a Sacramento Superior Court judge on Wednesday threw out 13 pimping charges also pressed… Read More
23rd August 2017
Outspoken theatre and film director Kirill Serebrennikov has been charged with large-scale fraud by Russia’s investigative committee. He pleaded not guilty in court to embezzling 68m roubles (£880,000; $1.1m) of state funding awarded for a theatre project, officials said. Read More
23rd August 2017
Brazilian prosecutors on Tuesday charged Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA, with corruption, alleging he used his position to take bribes from construction firm Odebrecht. Bendine served as CEO of Petrobras, as the company is formally known, between 2015 and 2016, and was… Read More
23rd August 2017
The Commonwealth Bank is facing a potential class action from shareholders over the big share price drop when AUSTRAC launched a money laundering court case against it. Law firm Maurice Blackburn is running the case with financial backing from litigation funder IMF Bentham. Read More
22nd August 2017
Moscow City Court has overturned a lower court’s decision to seize the assets of ex-head of Russia’s Mari El Republic Leonid Markelov charged with receiving a large-scale bribe. Basmanny District Court of Moscow had previously seized Markelov’s ownership interest in six companies. Read More
17th August 2017
The Securities and Exchange Commission charged seven individuals on Wednesday with insider trading in what the regulator said was a wide-ranging scheme that generated more than $5 million in profits by trading on confidential information about dozens of impending mergers and acquisitions allegedly stolen from the investment-bank employer of one… Read More
15th August 2017
The Commonwealth Bank of Australia money laundering scandal has damaged the public’s perception of the whole banking sector, according to the head of the industry’s lobby group. “The issue that Australian banks are suffering with is community trust and public reputation,” Australian Bankers’ Association chief executive officer Anna Bligh… Read More