21st October 2016
A man from Springfield received a federal prison sentence of two years and nine months on Thursday for an investment fraud scheme that gained him more than $1.1 million. A judge also ordered Christopher Hanson, 54, to pay $1,134,500 in restitution to his victims. Hanson pleaded guilty on Sept. 14,… Read More
20th October 2016
The top elected official in one of the wealthiest U.S. counties was arrested on Thursday, along with his wife and one other official, and are expected to face federal corruption charges, several New York area news outlets reported. Nassau County Executive Edward Mangano, his wife… Read More
20th October 2016
A court in the United States ruled on Monday to disqualify lawyers representing a firm connected to the Magnitsky fraud case, after they had switched sides to defend a company accused of money laundering. The ruling by the US Court of Appeals for the Second Circuit instructed a court in… Read More
19th October 2016
Paul Tate, the former payments director at pre-Amaya PokerStars, pleaded guilty in the Southern District Court of New York on Thursday to one charge of operating an illegal gambling business. Tate was one of 11 people indicted in April 2011 on charges of violating the Unlawful Gambling Enforcement… Read More
19th October 2016
Leonardo DiCaprio is aiding the investigation into a Malaysian embezzlement scam linked to his hit film The Wolf of Wall Street, according to his spokesperson on Tuesday. The Hollywood star contacted the US justice department in July just after it filed a lawsuit to seize more than US$1bn in allegedly… Read More
18th October 2016
Annual fraud and cybercrime losses in the UK have grown to the equivalent of £210 per adult, according to research. A total of £10.9bn was lost to the UK economy in the 12 months to April, prevention group Get Safe Online said. Fraudulent emails and messages directing people to… Read More
18th October 2016
David Vaughan Jones, 76, of Welshpool, Powys, initially denied charges of theft and fraud at Mold Crown Court. But on Tuesday, he pleaded guilty to 24 of the 39 charges, which the prosecution accepted. Judge Niclas Parry deferred sentencing until April 2017, and gave him a chance “to put his… Read More
14th October 2016
China’s cabinet and major financial regulators on Thursday published details of rules aimed at stamping out fraud and illegal fundraising in the country’s fast-growing online finance sector. The State Council document, which dates from April, provides guidelines and more far-reaching oversight for regulation of online financial activity, including peer-to-peer (P2P)… Read More
In this exclusive Of Counsel piece, Julie Copeland and Mirella A. de Rose of Lewis Baach pllc, consider two recent events which highlight the importance of real time monitoring of suspicious transactions. Read More
12th October 2016
Whilst a major exhibition by the Italian Renaissance painter Caravaggio prepares to launch at the National Gallery in London, the Wildenstein money-laundering trial involving a key painting by Caravaggio continues in Paris. The Painting which is now in storage in Switzerland complicates issues around the estate of Daniel Wildenstein, Guy Wildenstein’s father. Read More