16th April 2021
Ever since Arthur Hayes became a star in the Bitcoin universe, he’s been called many things, from trailblazer to anarchist. On April 6 the former chief executive officer of crypto exchange BitMEX surrendered to U.S. authorities in Hawaii to face a more consequential label: alleged criminal. Six months… Read More
16th April 2021
Denmark’s public prosecutor has charged three members of an Iranian Arab opposition group with financing and supporting terrorist activity in Iran and aiding Saudi intelligence services. “This is a very serious case, where people in Denmark have carried out illegal intelligence activities and financed and promoted terrorism from Denmark in… Read More
16th April 2021
Fraud squad detectives encountered a sinister blackmail plot when they launched an investigation into a former employee of the Central Bank, who allegedly committed fraud crimes after he set up a business to help clients apply for bank licences. The former Central Bank employee, who is in his 40s, was… Read More
16th April 2021
The US’s commodities watchdog is on the hunt for a Manchester man it claims is the mastermind behind a Bitcoin scam that swindled thousands of victims and owes $572m (£416m). The regulator is facing a major obstacle, however, as their suspect, Benjamin Reynolds, 38, appears to have vanished without a… Read More
16th April 2021
At 33, Ng Yu Zhi had all the trappings of a wildly successful trader: a Rolodex full of rich clients, a three-story villa in a posh Singapore neighborhood and a Pagani Huayra supercar reportedly worth more than $5 million. Local prosecutors allege Ng also had a dark secret: His lavish… Read More
16th April 2021
By Chris Dalby, InSight Crime, 14 April 2021 InSight Crime – Dario Messer, the notoriously prolific money launderer, was able to move millions of dollars through Brazil’s emerald mining industry, adding yet another scheme to his laundry list of illicit financial dealings. An investigation by Brazilian… Read More
16th April 2021
An accountant who committed “industrial scale dishonesty” to fund a lavish lifestyle has been jailed. Steven Day, 51, of Perthshire, Scotland, plundered £1.4m from firms and defrauded the NHS. The court heard he targeted a female friend in a £4,500 romance fraud and lied about his mother dying and having… Read More
16th April 2021
When an American man claimed in 2018 he was the true owner of around £160,000 worth of gold bars stored in a Swiss vault, alarm bells rang. There were two things wrong: this mystery man had a different name to the registered owner and seemed to look almost completely different. Read More
16th April 2021
BNF Bank has distanced itself from a former manager who faces money laundering charges. Albert Buttigieg has been charged in court together with and ex-footballer Darren Debono’s step-daughter Florinda Sultana, who fronted companies that manage two fish restaurants allegedly involved in laundering money linked to oil… Read More
15th April 2021
The European Union will seek to increase police cooperation, target human trafficking and establish new rules to counter money laundering, according to plans detailed by the European Commission on Wednesday. The EU executive set out a five-year roadmap of legislative proposals and initiatives designed to combat organised criminal gangs, who… Read More