Featured Bulgaria

New EU Prosecutor’s Office Takes Aim at 50-Billion-Euro-a-Year ‘Carousel Fraud’ Schemes

By Will Neal, OCCRP, 30 November 2020 OCCRP — OCCRP spoke with the head of the new European Public Prosecutor’s Office about the challenges in fighting the widespread  — but often-ignored — criminal scheme. “No one’s interested in value-added tax. It’s just not sexy enough.” There’s an edge of… Read More

OneCoin lawyer Mark Scott banned from practicing law in New York state

Mark Scott, famously known as the lawyer who defended the infamous OneCoin ‘CryptoQueen’ scammer, was officially disbarred in New York State on Friday. The case record states that Scott was convicted of two federal felonies related to the OneCoin case, including conspiracy to commit money laundering and conspiracy… Read More

Former Romanian parliament speaker sentenced to 5 years in prison for bribery

A Romanian court on Thursday handed a five year prison sentence to a former parliament speaker on charges that he demanded a bribe of 1 million euros to influence the government over a key appointment. The Bucharest Court of Appeal also ordered Bogdan Olteanu, who is 49 on Thursday, to… Read More
22nd October 2020
The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as “golden passport” schemes. The schemes allow wealthy foreigners to buy citizenship in exchange for an investment of around 1 million euros in Malta and 2 million… Read More
16th October 2020
Twenty people have been arrested as part of an investigation into QQAAZZ, a group that police said had laundered millions on behalf of the world’s most prolific cyber criminals. The arrests, part of a multinational investigation that included police in 15 countries, target a notorious gang of so-called money mules… Read More
30th September 2020
Rosen Iossifov, owner of cryptocurrency exchange RGcoins, was convicted by a federal jury in Kentucky of two counts of conspiracy to commit racketeering and money laundering. The conviction came after a two-week trial where Iossifov was accused of orchestrating a sophisticated scheme to steal money from unsuspecting victims in… Read More
28th September 2020
John Gerant has played several roles in his life — Miami police officer, pilot, Realtor, drug trafficker and informant for the Drug Enforcement Administration. His latest act: alleged facilitator in a multimillion-dollar global Ponzi scheme. Leaked documents from the U.S. Treasury Department show that Gerant and his son, Sean,… Read More
24th September 2020
A friend recommended Carmelita Roque invest her savings in Options Rider. Options Rider’s use of Australian banks gave the US Army soldier comfort her money was safe. “Seeing the money that I would be wiring would be going to a country like Australia, in my mind that was convincing enough… Read More
10th September 2020
For two months, Bulgarians have packed the streets every night to protest that an oligarchic mafia has captured the state and extended its reach deep into institutions such as the judiciary, media and security services. They are demanding the resignations of Prime Minister Boyko Borissov and Chief Prosecutor Ivan… Read More
24th August 2020
OCCRP – Since the devastating explosion of a store of ammonium nitrate in Beirut’s port on August 4, Lebanese citizens have taken to the streets in shock, outrage, and grief. Above all, they have demanded answers: Where did the nearly 3,000 tons of explosive chemicals come from, and who… Read More
2nd July 2020
A Malta-based bank, Satabank, has had its licence withdrawn by the European Central Bank, Finance Minister Edward Scicluna and the Malta Financial Services Authority said on Wednesday. The decision was taken on the recommendation of the authority. The Bulgarian-owned bank, established in 2014, had its 12,000 accounts frozen by the… Read More
17th June 2020
Experts and opposition-minded politicians warned during an online conference on Monday (January 15th) of a “huge” risk of corruption in connection with the generous funds the European Commission has proposed to mobilise in response to the coronavirus crisis. The conference, organised by EURACTIV Bulgaria and MEP Radan Kanev (EPP, Democratic… Read More
17th June 2020
Fifteen defendants including several Romanians have pleaded guilty before a US judge of involvement in a multi-million dollar scheme to defraud US citizens through online auctions of non-existing goods, a US Justice Department statement issued on Monday by the US embassy in Bucharest said. The defendants, many of whom were… Read More