Featured Bulgaria

Credit Suisse lurches from one risk management crisis to the next

Credit Suisse’s chief executive had a blunt message for his bank: it has “an attitude to risk that has to change . . . there has to be consequences”. But it was not Thomas Gottstein speaking this week after the Swiss lender warned of huge losses on trades with its client Archegos Capital Management. Read More

Congo-Brazzaville Strongman Buys Secret Weapons Haul from Azerbaijan

By Khadija Sharife and Mark Anderson, OCCRP, 22 February 2021 OCCRP — In January 2020, at the Turkish port of Derince on the eastern shores of the Sea of Marmara, a huge cache of weapons was loaded onto the MV Storm. Registered in the tax haven of Vanuatu,… Read More

Austrian authorities allege ex-IDF intel officer ‘mastermind’ behind €200m scam

An Israeli man who founded a binary options trading platform has been named by Austrian authorities as one of the masterminds of a massive “pan-European” fraud scheme. Austria’s Ministry of the Interior, which oversees police and public security, has cited Israeli citizen Ilan Tzorya, founder of the binary options platform… Read More
14th January 2021
Italy’s largest mafia trial in three decades will begin on Wednesday, with 900 witnesses testifying against more than 350 people, including politicians and officials charged with being members of the powerful ’Ndrangheta. A high-security 1,000-capacity courtroom with cages to hold the defendants has been built by Italian authorities in the… Read More
23rd December 2020
A major figure in the organised crime world who went undetected for two decades before being exposed by his lavish lifestyle has been jailed. Thomas Maher, 40, an Irish haulier who lived in Warrington, Cheshire, was described by the National Crime Agency (NCA) as a “professional facilitator” for crime gangs… Read More
18th December 2020
Credit Suisse Group AG and one of its former bank managers have been indicted by Swiss prosecutors over the lender’s alleged failure to prevent money laundering by a Bulgarian drug ring. The Zurich-based bank failed to take all the organizational measures that were “reasonable and required” to guard against… Read More
1st December 2020
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
3rd November 2020
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
30th October 2020
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