Societe Generale sued for $792 million by heirs of Cuban bank seized by Castro
11th July 2019
Societe Generale sued for $792 million by heirs of Cuban bank seized by Castro
The family of the former owners of a Cuban bank seized by Fidel Castro’s government nearly six decades ago sued Societe Generale (SOGN.PA) for approximately $792 million, saying the French bank owes damages for circumventing U.S. sanctions against Cuba. In a complaint filed on Wednesday with the U.S. Read More
Bribery Division: Raids in Peru Target Former First Lady, Law Firms Linked to Odebrecht Pipeline
11th July 2019
Bribery Division: Raids in Peru Target Former First Lady, Law Firms Linked to Odebrecht Pipeline
Prosecutors in Peru have raided the home of former first lady Nadine Heredia in a sweeping operation linked to alleged corruption connected to a massive gas pipeline constructed by the disgraced multinational Odebrecht. The Heredia home was one of 26 properties targeted by anti-corruption forces probing corruption in the construction… Read More
French ex-president Hollande testified in Brazil fighter jet probe: source
10th July 2019
French ex-president Hollande testified in Brazil fighter jet probe: source
Former French President Francois Hollande was questioned by police in France earlier this month as a witness in a Brazilian corruption investigation into a deal to buy combat jets, a source close to the politician said. Hollande’s predecessor Nicolas Sarkozy refused to be questioned as part of the same probe,… Read More
Mexican prosecutors arrest prominent lawyer in capital
10th July 2019
Mexican prosecutors arrest prominent lawyer in capital
AP — Mexican federal prosecutors say they have arrested a prominent lawyer on suspicion of involvement in organized crime and money laundering. A statement from the Attorney General’s Office says attorney Juan Ramón Collado was detained Tuesday in an affluent neighborhood of Mexico City after a judge authorized his arrest. Read More
‘Organized crime knows fraud is the way to go’: former RCMP financial crime expert
9th July 2019
‘Organized crime knows fraud is the way to go’: former RCMP financial crime expert
A former RCMP organized crime and money laundering investigator says that fraud is a fast-growing business for gangsters that have realized Canada’s justice system is vulnerable to scams that net criminal proceeds estimated at up to $6 billion annually. And, like drug-trafficking proceeds, these funds are laundered into… Read More
U.S. demands $12.7 billion in judgment against ‘El Chapo’
8th July 2019
U.S. demands $12.7 billion in judgment against ‘El Chapo’
U.S. authorities said on Friday they were seeking a court order requiring Mexican drug lord Joaquin “El Chapo” Guzman to forfeit $12.7 billion following his conviction for racketeering and drug trafficking crimes earlier this year. The sum represents the total amount of cocaine, marijuana and heroin that a jury found… Read More
Going Dark and Fake Voyages: The Tricks Used to Dodge Trade Sanctions
8th July 2019
Going Dark and Fake Voyages: The Tricks Used to Dodge Trade Sanctions
As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships… Read More
Mexico issues arrest warrants for ex-Pemex CEO Lozoya, family members
8th July 2019
Mexico issues arrest warrants for ex-Pemex CEO Lozoya, family members
Mexico’s attorney general’s office said on Friday that a judge issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, three of his family members and one other person, in a graft case involving Brazilian builder Odebrecht. The Finance Ministry said in May that it presented… Read More
Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution
8th July 2019
Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution
On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade the U.S. government too – by launching a cryptocurrency that defeats a U.S. trade embargo. The creator of the eponymous… Read More
Former Rio de Janeiro governor tells judge he paid $2 million bribe to host 2016 Olympics
5th July 2019
Former Rio de Janeiro governor tells judge he paid $2 million bribe to host 2016 Olympics
The former governor of Rio de Janeiro state said in court testimony on Thursday that he paid $2 million to buy votes to ensure the sprawling Brazilian seaside city would be chosen to host the 2016 Olympic Games. Sergio Cabral told a judge the money went to Lamine Diack, the… Read More
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