5th August 2020
When Spain’s royal palace announced Monday that former Spanish King Juan Carlos was leaving the country, it omitted a key detail. Where exactly had he gone? On Monday, several media outlets reported the former king had traveled to the Portuguese town of Cascais, where he spent parts of… Read More
5th August 2020
A U.S. company affiliated with the Ukrainian billionaire Ihor Kolomoisky that has been accused of participating in an international fraud scheme was raided by the FBI in two locations on Tuesday. Agents conducted “law enforcement activity” in Cleveland and Miami at addresses that correspond with the offices of Optima Management… Read More
5th August 2020
South Africa’s anti-corruption watchdog said on Monday it was investigating irregularities in coronavirus-related tenders, the latest in a series of scandals that trade unions said showed the government’s failure to tackle graft. The probes by the Public Protector come soon after investigators launched separate inquiries into the procurement of personal… Read More
4th August 2020
The German body in charge of regulating auditors is examining the work of EY, the auditor that approved the books of collapsed payment services firm Wirecard, the German Economy Ministry said on Monday. The ministry said Auditors’ Regulator (Apas) had upgraded a preliminary investigation that had been running since October… Read More
4th August 2020
The Manhattan district attorney’s office suggested on Monday that it had been investigating President Trump and his company for possible bank and insurance fraud, a significantly broader inquiry than the prosecutors have acknowledged in the past. The suggestion by the office of the district attorney, Cyrus R. Vance Jr., came… Read More
4th August 2020
Monzo is reviewing the quality of its financial crime controls and warned that the outcome could have a significant impact on its finances. The troubled digital bank, which issued a warning on Thursday over its ability to remain in business, began an investigation of its “financial crime control framework”… Read More
3rd August 2020
Abandoned offices generally leave telltale clues about their previous occupants. But not Unit 2, 110 Mandeville St, in the Christchurch suburb of Riccarton, wedged between counselling rooms and a private education business. Peering through the locked glass door of the office reveals emptiness framed by a swathe of bare carpet… Read More
31st July 2020
An arrest warrant has been issued by Mexico’s attorney general’s office for Cruz Azul president Guillermo Alvarez over possible involvement in financial fraud and organized crime, according to documents obtained by ESPN. The arrest warrant was granted on Wednesday, with Alvarez accused of carrying out and orchestrating “operations with… Read More
31st July 2020
President Donald Trump’s reelection effort allegedly hid nearly $170 million in spending from mandatory public disclosure by routing payments through companies tied to his former campaign manager, a government oversight group said Tuesday. The use of firms linked to former campaign manager Brad Parscale masked the ultimate recipients of the… Read More
31st July 2020
German authorities have asked Russian officials if Jan Marsalek, the former Wirecard AG executive who ran operations for the disgraced fintech company, had entered Russia and requested they act on an Interpol notice issued for his arrest. The request, made on July 22, and a “red notice” issued through multilateral… Read More