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John McAfee charged with fraud over alleged cryptocurrency scheme

John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money laundering conspiracy charges stemming from two cryptocurrency schemes, the US Department of Justice said on Friday. Authorities accused McAfee and his bodyguard, Jimmy Gale Watson Jr, of exploiting McAfee’s large… Read More

Secret guilty plea revealed in US Panama Papers criminal probe

By Will Fitzgibbon, ICIJ, 5 March 2021 ICIJ — A third person has pleaded guilty to financial crimes as part of a probe sparked by the Panama Papers investigation, newly released court documents show. The unexpected guilty plea by Joachim Alexander von der Goltz was… Read More

Crime rise warning over new £100 contactless payment limit

An increase in the contactless payment limit to £100 may cause an surge in thefts and fraud, figures working in banking and finance have warned. The amount that people can spend on “tap and go” cards is currently limited to £45 but is set to more than double to a… Read More

8th March 2021

Plots of Amazon Rainforest Illegally Sold on Facebook

A new investigation has revealed how large swathes of Brazil’s Amazon rainforest are being illegally sold on Facebook, with some listings advertising plots as large as 1,000 football fields. The plots being sold include national forests and indigenous reserves, and most of the ads came from the northern state of… Read More

5th March 2021

Hong Kong authorities freeze HK$900 million in crackdown on ‘ramp and dump’ scam

More than HK$900 million (US$116 million) in suspected crime proceeds has been frozen in an unprecedented joint crackdown by Hong Kong police and stock regulators against so-called “ramp and dump” online investment scams, the Post has learned. Twelve Hongkongers – seven men and five women – were arrested over the… Read More

5th March 2021

Italian mafia trial could expose underbelly of massive EU fraud

In a bunker-style courthouse tacked onto a prison, close to a hundred suspected mafiosi and their accomplices are standing trial, accused of defrauding the EU out of millions of euros. The so-called maxi-trial is expected to reconstruct, for the first time, an integrated system through which prosecutors… Read More

4th March 2021

Florida fund manager forged college investment docs to land $95 million loan

Florida private equity manager Elliot Smerling has overseen a growing empire of private equity funds reportedly worth more than $1.8 billion and lived a lavish lifestyle, with homes in Florida, New York and Brazil as well as a collection of luxury cars including a Ferrari, a Corvette and a Cadillac… Read More

4th March 2021

German Financial Regulator Refers Greensill Matters to Criminal Prosecutors

Embattled financial startup Greensill Capital plans to file for insolvency in the U.K. this week, as it simultaneously moves toward a deal to sell its operating business to Apollo Global Management, according to people familiar with the matter. Also Wednesday, in a dramatic ratcheting up of Greensill’s problems, Germany’s… Read More

4th March 2021

The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed

More than 20 years ago, a group of former salesmen for Houston software entrepreneur Robert Brockman sued their old boss, claiming in court that he had deprived them of commissions by directing a portion of customer payments to a Cayman Islands entity. Mr. Brockman twice appealed to the Texas… Read More

3rd March 2021

Lithuanian energy tycoon detained in VAT fraud investigation

Lithuanian businessman Rimandas Stonys, active in the energy area, has been detained as part of an investigation into a fuel VAT fraud scheme, sources confirmed to BNS on Tuesday. LNK News reported on Tuesday that Stonys was being questioned in Kaunas. Stonys is the owner of Kauno Termofikacinė Elektrinė and… Read More

3rd March 2021

Singapore: Woman jailed for cheating banks into disbursing S$1.77 million for fake micro-financing loans

Using forged bank statements, fake companies and by bribing bank workers, a woman conspired with a man to cheat three banks into disbursing S$1.77 million in loans. Tan You Jia, 50, was given four-and-a-half years’ jail on Wednesday (Mar 3), after pleading guilty to six charges of bribery and cheating… Read More

3rd March 2021

Britain’s financial watchdog must act faster in fraud cases, says boss

Britain’s financial watchdog must act faster on scams, its chair said on Monday as he announced that senior officials face pay cuts and no bonuses following criticism of the regulator’s role in the collapse of London Capital & Finance (LCF) investment fund. Financial Conduct Authority (FCA) Chair Charles Randell said… Read More

3rd March 2021

Ireland: Suspected ‘money mule’ arrested as part of operation into €1.1m fraud

A 22-year-old man who was arrested today is suspected of storing over €120,000 in his bank account which was stolen by an organised crime gang in a €1.1m fraud. The suspect who has been described as a “money mule” is the second young man to be arrested as part of… Read More

Must Read

Credit Suisse Missed Many Warnings Before Greensill’s Collapse

John McAfee charged with fraud over alleged cryptocurrency scheme

Secret guilty plea revealed in US Panama Papers criminal probe

U.S. Bars Ukrainian Banking Tycoon Over Corruption Allegations

Bitcoin Storm Brewing Over Trump’s Anti-Money Laundering Push