21st May 2019
A former Credit Suisse Group AG banker pleaded guilty on Monday to a U.S. charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique. Detelina Subeva, 37, pleaded guilty to one count of money laundering conspiracy before U.S. District Judge… Read More
17th May 2019
Police in six countries have dismantled a complex cybercrime network that operated from Eastern Europe and fleeced victims – including small businesses and charities – of some $100 million, Europe’s police agency said on Thursday. The GozNym network, led by a man from Tbilisi, Georgia, used phishing emails to infect… Read More
14th May 2019
AP — Felicity Huffman was silent and held her brother’s hand Monday as she arrived at federal court to become the highest-profile person so far to admit to taking part in a college admissions bribery scheme that has also ensnared prominent college coaches and figures from the business world. Huffman,… Read More
14th May 2019
The UK National Crime Agency (NCA) has seized approximately £6 million in assets from a British lotto winner, a property developer and a barrister believed to be members of an international money laundering ring. The seizure orders mark the culmination of an 8-year civil recovery case against businessman Jonathan Nuttall… Read More
10th May 2019
A German woman who posed as a wealthy heiress to scam boutique New York hotels and fashionable friends was sentenced to four to 12 years in prison on Thursday after a jury in state court found her guilty of fraud last month. Anna Sorokin, 28, faced up to 15 years… Read More
8th May 2019
Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank, over his involvement in one of the world’s biggest money laundering scandals, newspaper Borsen reported on Tuesday, citing his lawyer. Borgen is the first person to be charged in a case that involves suspicious transactions of some 200… Read More
7th May 2019
Malaysia has extradited a former Goldman Sachs banker to the United States for 10 months to face criminal charges linked to a multibillion-dollar scandal at state fund 1MDB, its attorney general said on Monday. Malaysian Roger Ng has been detained in Kuala Lumpur since Nov. 1, after the U.S. Department… Read More
7th May 2019
AP — Michael Cohen took a last swipe at President Donald Trump while reporting to federal prison Monday to start a three-year sentence for crimes including tax evasion and campaign finance violations related to hush-money payments made to protect his former boss. Cohen, who turned on Trump last summer after… Read More
6th May 2019
U.S. authorities will this month return $200 million stolen from Malaysia’s state fund 1MDB, including money from a stake in a luxury New York hotel and from a Hollywood movie producer, two sources with direct knowledge of the matter said. The U.S. Department of Justice, in the biggest ever case… Read More
6th May 2019
AP — Iran’s semi-official ISNA news agency says President Hassan Rouhani’s brother has been sentenced to an unspecified prison term for corruption. ISNA said Saturday that Hossein Fereidoun, a close confidante of the president, will be able to appeal the verdict. The financial misconduct charges date back to 2016, and… Read More