20th November 2020
The pursuit of a man suspected of masterminding a multimillion-dollar pyramid scheme fraud came to an abrupt and unusual halt on the shores of an icy lake in northern California. Reaching the water’s edge before the FBI agents who were chasing him, Matthew Piercey hauled what prosecutors later called “an… Read More
20th November 2020
Mrs Yang* had dreamt of visiting the Parthenon ever since she studied Greek mythology at school, so when a real estate agent in her home country of China approached her with an investment opportunity – a three-bedroom apartment overlooking the Acropolis and Syntagma Square, in the centre of Athens –… Read More
20th November 2020
A controversial millionaire pastor has turned himself in to police after South Africa issued a warrant of arrest against him for skipping bail and fleeing home to Malawi. Shepherd Bushiri and his wife, Mary, are facing charges of money laundering and fraud in South Africa. On Saturday he told his… Read More
19th November 2020
The UK’s National Crime Agency (NCA) is calling for additional reforms to the country’s system for reporting suspicious transactions in an effort to scale back the volume of defensive filings it receives, the Financial Times reported Thursday. Although the Home Office has launched a “transformation programme” aimed at overhauling… Read More
19th November 2020
Criminals are laundering illegally obtained funds meant for Covid-19 relief through the most popular apps for legally sending and receiving money, law enforcement officials say. Cash App, Venmo, Zelle and PayPal have become portals to easily move money, making transactions more difficult to trace. “I’ve never seen, in my 28… Read More
19th November 2020
Two southern Sydney men have been charged with dozens of offences under money laundering laws for allegedly transferring at least $2.3 million offshore after nine victims across Australia were defrauded of the money. NSW Police arrested the men, Mark Estephan and Jamie Ronald Close, on Tuesday following a fraud investigation… Read More
18th November 2020
By Paul Radu, Dmitry Velikovsky and Olesya Shmagun, OCCRP, 17 November 2020 OCCRP — Prevezon Holdings Ltd is a small international real estate investment company that leaves an unusually large footprint in stories about global crime and politics. The Cypriot company, owned by Russian citizens, was a beneficiary in Russia’s… Read More
18th November 2020
The Australian man accused of running the local arm of an alleged cryptocurrency Ponzi scheme that torched $US2.5 billion ($3.4 billion) of investment worldwide has been charged with offences that carry jail terms of up to ten years. John Louis Anthony Bigatton, first reported in early 2019 by The Age and The Sydney… Read More
17th November 2020
Africa’s wealthiest preacher spirited himself back home to Malawi while facing a string of fraud and money laundering charges in South Africa. The authorities only realised that Shepherd Bushiri, 37, had left the country when he issued a statement declaring he had made “a tactical withdrawal” after crossing at least… Read More
17th November 2020
A former Hong Kong beach volleyball player and primary school teacher, who was convicted of assaulting a police officer during last year’s social unrest, was arrested on Sunday for allegedly laundering HK$5.8 million (US$748,000) following his crowdfunding campaign to raise HK$500,000 for his ailing parents. Yeung Pok-man, 30, was jailed… Read More