17th August 2020
AP – Prosecutors in El Salvador presented charges of bribery, money laundering and criminal conspiracy Friday against former President Mauricio Funes, who has fled to Nicaragua. The charges allege that Funes, his companion, Ada Mitchell Guzmán, and several others defrauded the government of almost $50 million. Funes, who was… Read More
17th August 2020
Angola’s Supreme Court convicted the son of the former president and the former governor of the central bank of embezzling $500 million from the country’s central bank in 2017. José Filomeno dos Santos was sentenced to five years in prison Friday for participating in a convoluted plot to defraud… Read More
14th August 2020
Nairobi Governor Mike Sonko has failed to persuade a court that he is broke and cannot even buy groceries for his family after his accounts were frozen. The governor had petitioned the Anti-Corruption Court as he sought access to Sh500 million stashed in accounts held by the State. Sonko, who… Read More
14th August 2020
The anti-money laundering unit of Germany’s customs authority reportedly failed to share dozens of warnings with police that online payments company Wirecard was facilitating suspicious transactions even before the scandal broke in June. The Financial Intelligence Unit (FIU) only handed over a small portion of the information it had about… Read More
12th August 2020
Donald Trump calls himself the “law and order” president, but when it comes to white collar crime, he has overseen a significant decline in enforcement. The prosecution of securities fraud, antitrust violations and other such crimes has hit a record low as the pandemic slows the courts, according to one… Read More
10th August 2020
The Justice Department on Thursday accused a Ukrainian oligarch who has been considered an ally of Ukraine’s president of stealing billions of dollars from a bank he once owned, then using a vast array of companies to launder that money in the United States and all over the world. In… Read More
7th August 2020
A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai Court of Appeals. The amount is worth of balance, siphoned off from his account. In October last year, the Dubai Commercial Court found the bank responsible for the losses incurred… Read More
5th August 2020
When Spain’s royal palace announced Monday that former Spanish King Juan Carlos was leaving the country, it omitted a key detail. Where exactly had he gone? On Monday, several media outlets reported the former king had traveled to the Portuguese town of Cascais, where he spent parts of… Read More
5th August 2020
A U.S. company affiliated with the Ukrainian billionaire Ihor Kolomoisky that has been accused of participating in an international fraud scheme was raided by the FBI in two locations on Tuesday. Agents conducted “law enforcement activity” in Cleveland and Miami at addresses that correspond with the offices of Optima Management… Read More
5th August 2020
AP – General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union officials and GM employees with millions stashed in secret foreign bank accounts. GM alleges that bribes were paid to former United Auto… Read More