30th November 2018
Boxer Floyd Mayweather Jr. and a music producer known as “DJ Khaled” failed to disclose payments they received for promoting investments in initial coin offerings, the U.S. Securities and Exchange Commission (SEC) said on Thursday. Neither Mayweather nor Khaled Mohamed Khaled admitted or denied the regulator’s charges, but agreed to… Read More
30th November 2018
A self-styled British trader, who conned financial experts and some of his closest friends out of millions of pounds in a nine-year investment scam, was sentenced by a London court to five years in jail on Thursday. Mark Starling, 57, pleaded guilty to fraud and operating a collective investment scheme… Read More
30th November 2018
AP — President Donald Trump’s former lawyer, Michael Cohen, confessed in a surprise guilty plea Thursday that he lied to Congress about a Moscow real estate deal he pursued on Trump’s behalf during the heat of the 2016 Republican campaign. He said he lied to be… Read More
30th November 2018
Police officers in Frankfurt raided the offices of Deutsche Bank regarding a Panama Papers investigation, which is believed to involve facilitating money laundering in tax havens. Deutsche Bank confirmed raids occurred on Thursday morning, saying in a statement: “We confirm that the police are currently conducting an investigation at… Read More
29th November 2018
Denmark’s top lender has been formally hit with charges of violating numerous financial crime controls, including failings on source of funds, beneficial ownership and politically exposed persons (PEPs). On Wednesday, the Danish State Prosecutor for Serious Economic and International Crime (SØIK) published its charges against Danske Bank, outlining its failure… Read More
29th November 2018
AP — An eastern Iowa man has been sentenced to more than two years in federal prison for bilking a bank out of more than $850,000. Federal prosecutors for Iowa say 63-year-old David Giannetto, of Marion, was sentenced Wednesday in Cedar Rapids’ federal courthouse to 27… Read More
28th November 2018
Venezuela’s former national treasurer, who received over $1 billion (785.11 million pounds) in bribes as part of illicit foreign currency operations, was sentenced by a U.S. judge on Tuesday to 10 years in prison, court records showed. Alejandro Andrade, who ran the treasury for four years under late socialist leader… Read More
28th November 2018
AP — Mexican drug lord Joaquin “El Chapo” Guzman was so rich, he had a private zoo where big cats roamed. So rich, he bought a $10 million beach house. And so rich, he traveled to Switzerland for an anti-aging treatment. Guzman’s excesses were detailed at… Read More
28th November 2018
Several senior European politicians on Tuesday raised the possibility of new sanctions against Russia to punish it for capturing three Ukrainian vessels at sea, an incident the West fears could ignite a wider conflict. Financial markets have responded to the prospect of new Western sanctions that could hurt Russia’s economy,… Read More
28th November 2018
AP — The ride-hailing service Uber has been fined the equivalent of nearly $1.2 million by British and Dutch authorities for failing to protect customers’ data during a cyberattack in 2016. Britain’s Information Commissioner’s Office said Tuesday it fined the company 385,000 pounds ($491,000) and Dutch… Read More