28th February 2019
A former U.S.-based oil trader sought in Brazil over a multimillion-dollar bribery scheme involving commodities traders Vitol, Glencore and Trafigura has agreed to plead guilty to conspiracy to commit money-laundering in the United States, court records show. The plea is part of a cooperation agreement by a key figure in… Read More
26th February 2019
Special Counsel Robert Mueller’s team told a U.S. judge on Saturday that President Donald Trump’s former campaign chairman Paul Manafort “repeatedly and brazenly” broke the law, and argued he did not deserve leniency at sentencing. The recommendation from Mueller, who is investigating Russia’s role in the 2016 U.S. election and… Read More
26th February 2019
A California court sentenced a vice president of East West Bank to two years in prison for conspiring to launder more than $25,000 in suspicious funds through cashier’s checks, the U.S. Justice Department said. A federal jury convicted Vivian Tat for coordinating with bank client Ruimin Zhao and her husband,… Read More
5th November 2018
A judge at Westminster Magistrates Court has ruled in favour of the authorities holding onto jewels which are part of an investigation into the legitimacy of a wealthy family’s assets. The National Crime Agency (NCA) said it has seized 49 items of high value jewellery from an auction house… Read More
11th September 2018
AP — A Singaporean court has ordered the return of 15.3 million Singapore dollars ($11.1 million) linked to the indebted 1MDB Malaysian state investment fund. Law firm Tan Rajah & Cheah said Monday that the misappropriated funds were being transferred to a special 1MDB recovery bank… Read More
18th June 2018
AP — Federal prosecutors indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and the public as the head of the once-heralded blood-testing startup Theranos. Federal prosecutors also brought charges against the company’s former second-in-command. Holmes, who was once considered a wunderkind of… Read More
5th February 2018
Victims of a banking fraud worth hundreds of millions of pounds have said they are yet to receive compensation, a year after six people were convicted. A former HBOS banker and five other financiers were jailed for offences committed between 2002 and 2007. Those affected said their lives have… Read More
1st February 2018
The French government plans to name and shame people guilty of the worst cases of tax fraud as part of a broader crackdown on tax evasion, Prime Minister Edouard Philippe said on Wednesday. Philippe said the tougher measures were particularly necessary as his government intended to cut business and household… Read More
22nd December 2017
An offshore firm connected to the Paradise Papers has been ordered to pay almost €53m after a court ruled it had “manufactured” correspondence in a deliberate attempt to help a mother hide money from her estranged daughter. Appleby Mauritius, an offshore services firm owned by the law firm Appleby until… Read More
21st December 2017
By Shona Ghosh, Business Insider Super-wealthy property developers and brothers Nick Candy and Christian Candy have won a £132 million court case against their former friend and fellow developer Mark Holyoake. The long-running court battle saw Holyoake accuse the pair of blackmail, extortion, and intimidation in relation to a complex… Read More