Featured Criminal Investigations

FCA opens investigation into collapse of Greensill Capital

The City watchdog has opened the door to a criminal prosecution of Greensill Capital and confirmed that it is investigating the failed lender. Nikhil Rathi, chief executive of the Financial Conduct Authority, said that the regulator was “investigating matters relating to Greensill Capital”. His comments came in a letter to… Read More

JPMorgan Must Turn Over U.S. Compliance Records in Nigerian Oil License Case: UK Court

The UK High Court has ordered JPMorgan Chase to turn over compliance documents ahead of a trial in which the bank stands accused of enabling the misappropriation of $875 million from the government of Nigeria, the Financial Times reported on Tuesday. The decision stems from an… Read More

Romanian deputy PM Barna possibly investigated for EU funds embezzlement

Romania’s Anti-Fraud Department (DLAF) announced that it completed the investigations and sent to the anticorruption directorate (DNA) the European fund embezzlement cases involving four persons – including, according to Newsweek, deputy prime minister and USR-PLUS co-president Dan Barna. Barna has served as an expert in both projects, and his… Read More
12th May 2021
By Katya Bleszynka, Insight Crime, 10 May 2021 InSight Crime — Millions of dollars in state funds were allegedly laundered through a religious non-profit in the Dominican Republic, showing how minimal oversight of these faith groups makes them ideal vehicles for embezzlement. On May 10, security… Read More
11th May 2021
Danske Bank’s notorious Estonian branch housed hundreds of U.S. taxpayers and businesses amongst its portfolio of suspicious non-resident-customers, states an internal legal memo that Berlingske has access to. The »comprehensive memorandum« is dated to the beginning of 2019 and was prepared by Danske Bank’s lawyers in various countries where the… Read More
10th May 2021
Police and customs officers in Spain have arrested 17 people and seized half a tonne of saffron after breaking up a gang that allegedly imported the spice from Iran, bulked it out and sold it as a much-prized Spanish variety. The arrests came at the end… Read More
10th May 2021
The Attorney-General of the Federation (AGF), Abubakar Malami, said on Friday, that ongoing investigations have revealed many highly placed Nigerians and businessmen involved in financing terrorism. Mr Malami, who doubles as the Minister of Justice, said the ‘strongly’ suspected financiers were already being profiled for prosecution. The minister, who… Read More
10th May 2021
Three law firms have filed a plethora of 21 civil suits to claim billions of US dollars on behalf of state-owned 1Malaysia Development Bhd (1MDB) and its former subsidiary SRC International Sdn Bhd. The firms of Rosli Dahlan Saravana Partnership (RDS), Skrine & Co and Lim Chee Wee Partnership filed… Read More
10th May 2021
A former millionaire developer has been charged with stealing and laundering more than €200,000 as part of a property registration fraud. Businessman Philip Marley (49) appeared in court accused of fraud in the registration of ownership of two Dublin properties, and transferring criminal proceeds. Judge Victor Blake granted him bail and… Read More
9th May 2021
The Supreme Court of Canada will hear an appeal in a case where the conviction of four people accused of money laundering on behalf of the Hells Angels was quashed over unreasonable legal delays. The high court said Thursday it will hear the appeal brought by Quebec’s Crown against four… Read More
9th May 2021
Wells Fargo & Co. said it’s facing a new probe from the Consumer Financial Protection Bureau over checking-account practices. The agency is examining the firm’s past disclosures to customers about how often they had to use a debit card to receive a fee waiver for certain… Read More
7th May 2021
AP — Qatar’s finance minister was being questioned over alleged abuse of power and misuse of public funds in the energy-rich state after the attorney general ordered him arrested, state-run media reported Thursday. The detention of Ali Sharif al-Emadi is a rare move that analysts said could… Read More
6th May 2021
When it comes to German corporate fraud, Wirecard has been hogging the headlines for a while. But there’s another German company that has plummeted to Earth after a more than €1 billion hole emerged in its accounts. Except unlike with Wirecard, this was money that once… Read More