#financial-crimes

[ follow ]

Archegos founder Bill Hwang sentenced to 18 years for fraud that cost global investment banks billions

Bill Hwang received an 18-year prison sentence for leading a fraud scheme that caused massive financial losses and misleading banks about his investment practices.
#cryptocurrency

Binance Says it Helped India's Enforcement Directorate Trace $47.6 million Related to a Gaming Scam

Binance aided India's Enforcement Directorate in tracing $47.6 million in a gaming scam and arresting four suspects.

'Is Daddy on the Airplane?' Jailed Binance Exec Gambaryan Family's Ordeal in New Podcast

Tigran Gambaryan's detention highlights issues of international legal and diplomatic conflicts involving the cryptocurrency industry.

Crypto 'godfather' of Bel-Air: Probe widens into L.A. deputies' alleged links to mogul

Wealth gained through cryptocurrency led to involvement with corrupt law enforcement officials and criminal activities.

Binance Says it Helped India's Enforcement Directorate Trace $47.6 million Related to a Gaming Scam

Binance aided India's Enforcement Directorate in tracing $47.6 million in a gaming scam and arresting four suspects.

'Is Daddy on the Airplane?' Jailed Binance Exec Gambaryan Family's Ordeal in New Podcast

Tigran Gambaryan's detention highlights issues of international legal and diplomatic conflicts involving the cryptocurrency industry.

Crypto 'godfather' of Bel-Air: Probe widens into L.A. deputies' alleged links to mogul

Wealth gained through cryptocurrency led to involvement with corrupt law enforcement officials and criminal activities.
morecryptocurrency
#money-laundering

Detroit nonprofit CFO admits to stealing $44 million in decades-long scheme-spent money on limos, travel, and clothes

William Smith stole $44 million from the Detroit Riverfront Conservancy, leading to significant project delays and his guilty plea to financial crimes.

Merrick Garland Announces TD Bank to Pay Penalty for Not Stopping Money Launderers

The Department of Justice has seen victories against financial crimes under Attorney General Merrick Garland, notably with TD Bank's significant settlement.

North Bay man stole nearly $20,000 from Pleasant Hill resident during trip to Florida

A Ukiah man has pleaded guilty to stealing nearly $20,000 through an elaborate identity theft and money laundering scheme.

Detroit nonprofit CFO admits to stealing $44 million in decades-long scheme-spent money on limos, travel, and clothes

William Smith stole $44 million from the Detroit Riverfront Conservancy, leading to significant project delays and his guilty plea to financial crimes.

Merrick Garland Announces TD Bank to Pay Penalty for Not Stopping Money Launderers

The Department of Justice has seen victories against financial crimes under Attorney General Merrick Garland, notably with TD Bank's significant settlement.

North Bay man stole nearly $20,000 from Pleasant Hill resident during trip to Florida

A Ukiah man has pleaded guilty to stealing nearly $20,000 through an elaborate identity theft and money laundering scheme.
moremoney-laundering

The Da Vinci Code Made Them Famous. But the Truth Is Way Scarier Than Fiction.

Opus Dei's real history contains numerous allegations of dark deeds, including financial crimes and human trafficking, challenging its public perception.
#legal-issues

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes

Eric Lenzen's extravagant lifestyle led to a 16-month prison sentence for significant tax evasion while serving as a partner at prominent law firms.

'Professional conman' defrauded boss while on home detention for other workplace fraud

Ross defrauded Arb Innovations while on bail, diverting over $21,000, and causing significant trust issues within the company.

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes

Eric Lenzen's extravagant lifestyle led to a 16-month prison sentence for significant tax evasion while serving as a partner at prominent law firms.

'Professional conman' defrauded boss while on home detention for other workplace fraud

Ross defrauded Arb Innovations while on bail, diverting over $21,000, and causing significant trust issues within the company.
morelegal-issues

Former Crypto CEO Posts Hilarious LinkedIn Update Right Before Going to Prison

Ryan Salame continues to promote a hustle mindset even while beginning his prison sentence for serious financial crimes.
#scams

How to protect yourself from Venmo, Zelle and Cash App scams that ruin your savings in seconds

Mobile payment apps pose risks to both financial security and personal safety.
Manhattan district attorney demands improved security measures from app companies.

Shocker: California Leads the Nation in Cryptocurrency Fraud, According to FBI

California accounted for over 20% of the nation's cryptocurrency fraud, totaling $1.15 billion in losses in 2023.

Here's how you can avoid financial scams, according to San Jose police

Residents in San Jose are cautioned against financial scams that can lead to significant losses, involving impersonation and deception tactics.

How to protect yourself from Venmo, Zelle and Cash App scams that ruin your savings in seconds

Mobile payment apps pose risks to both financial security and personal safety.
Manhattan district attorney demands improved security measures from app companies.

Shocker: California Leads the Nation in Cryptocurrency Fraud, According to FBI

California accounted for over 20% of the nation's cryptocurrency fraud, totaling $1.15 billion in losses in 2023.

Here's how you can avoid financial scams, according to San Jose police

Residents in San Jose are cautioned against financial scams that can lead to significant losses, involving impersonation and deception tactics.
morescams
#fraud

Suspected $2 million scam artist busted in the Bay Area, just before authorities say he planned to flee the country

Mingtao Chen is accused of running a $2 million scam operation, showcasing vulnerabilities in fraud detection and immigration enforcement.

The Bling Bishop' Is Sentenced to 9 Years for Fleecing His Flock

Lamor Whitehead, a Brooklyn preacher convicted of fraud and extortion, sentenced to nine years in prison for financial crimes against parishioner's mother.

British-Nigerian men sentenced over multimillion email scam

Two British-Nigerian men were sentenced for defrauding local entities through business email compromise schemes, obtaining nearly $1.9 million.

Former Bay Area man pleads to bilking former employer out of $3.2 million

Euan David MacGregor pleaded guilty to embezzling $3.2 million through creating a shell corporation and falsifying bookkeeping services.
The case was investigated by the FBI and highlights serious corporate fraud issues.

Suspected $2 million scam artist busted in the Bay Area, just before authorities say he planned to flee the country

Mingtao Chen is accused of running a $2 million scam operation, showcasing vulnerabilities in fraud detection and immigration enforcement.

The Bling Bishop' Is Sentenced to 9 Years for Fleecing His Flock

Lamor Whitehead, a Brooklyn preacher convicted of fraud and extortion, sentenced to nine years in prison for financial crimes against parishioner's mother.

British-Nigerian men sentenced over multimillion email scam

Two British-Nigerian men were sentenced for defrauding local entities through business email compromise schemes, obtaining nearly $1.9 million.

Former Bay Area man pleads to bilking former employer out of $3.2 million

Euan David MacGregor pleaded guilty to embezzling $3.2 million through creating a shell corporation and falsifying bookkeeping services.
The case was investigated by the FBI and highlights serious corporate fraud issues.
morefraud

Meta and Australia have partnered to crack down on 'celeb bait' scam ads

Meta has removed 8,000 scam ads linked to celebrity images as part of a crackdown in collaboration with Australian banks.

Vietnam Court Sentences Former Government Accountant to Death for Embezzlement

Vietnam is intensifying its anti-corruption campaign, exemplified by the death sentence of a former official for embezzlement.
High-profile financial crime cases indicate a shift in governance and strict consequences for corruption in the country.

John Kerry's former campaign adviser arrested in Nantucket on fugitive from justice warrant

Daniel Burrell, former adviser to John Kerry, was arrested for alleged financial crimes, including writing a bad check for $1.5 million.
#riad-salameh

Lebanon's former central bank chief Riad Salameh arrested

Riad Salameh, ex-central bank governor of Lebanon, has been arrested after judicial interrogation regarding financial crimes, marking a pivotal moment in Lebanon's financial scandal.

Lebanon detains former central bank governor accused of financial crimes

Riad Salameh, former central bank governor of Lebanon, was detained amidst corruption investigations, reflecting the country's ongoing financial crisis.

Lebanon's former central bank chief Riad Salameh arrested

Riad Salameh, ex-central bank governor of Lebanon, has been arrested after judicial interrogation regarding financial crimes, marking a pivotal moment in Lebanon's financial scandal.

Lebanon detains former central bank governor accused of financial crimes

Riad Salameh, former central bank governor of Lebanon, was detained amidst corruption investigations, reflecting the country's ongoing financial crisis.
moreriad-salameh

Estate Lawyer Disbarred After Dipping Into Client Funds

An attorney was arrested for misappropriating over $400,000 from clients' funds, leading to his disbarment.
#george-santos

George Santos Set to Plead Guilty to Multiple Crimes Avoiding A Lengthy Trial

George Santos will plead guilty to multiple charges, avoiding federal trial on 23 felony counts.

Last-minute hearing scheduled in George Santos fraud trial, signaling possible plea deal: report

George Santos is expected to plead guilty to financial crimes involving unauthorized use of campaign funds in federal court.

George Santos Is Expected to Plead Guilty, People Close to the Case Say

George Santos intends to plead guilty to avoid a federal trial amid serious financial crime charges.

George Santos Set to Plead Guilty to Multiple Crimes Avoiding A Lengthy Trial

George Santos will plead guilty to multiple charges, avoiding federal trial on 23 felony counts.

Last-minute hearing scheduled in George Santos fraud trial, signaling possible plea deal: report

George Santos is expected to plead guilty to financial crimes involving unauthorized use of campaign funds in federal court.

George Santos Is Expected to Plead Guilty, People Close to the Case Say

George Santos intends to plead guilty to avoid a federal trial amid serious financial crime charges.
moregeorge-santos

Are deepfake fraud risks overhyped? Where enterprises are exposed

Deepfakes are a growing enterprise risk, but business email compromise (BEC) schemes remain more common and pervasive for cyber fraud attacks.

Yankees fan, felon Donald Trump once tried to buy SF Giants

Donald Trump was found guilty of financial crimes, with a reminder of his interest in purchasing the San Francisco Giants in the 1980s.
#compliance

Germany's financial regulator ends anti-money laundering cap on N26 signups after $10M fine | TechCrunch

Germany's financial regulator BaFin closely monitors fintech startups post-Wirecard scandal to ensure compliance and prevent financial crimes.

Best Practices For In-House Professionals Navigating The Corporate Transparency Act

Understanding and identifying entities subject to CTA reporting requirements is crucial.
Awareness of CTA deadlines and maintaining accurate, up-to-date records are key for compliance and avoiding penalties.

Germany's financial regulator ends anti-money laundering cap on N26 signups after $10M fine | TechCrunch

Germany's financial regulator BaFin closely monitors fintech startups post-Wirecard scandal to ensure compliance and prevent financial crimes.

Best Practices For In-House Professionals Navigating The Corporate Transparency Act

Understanding and identifying entities subject to CTA reporting requirements is crucial.
Awareness of CTA deadlines and maintaining accurate, up-to-date records are key for compliance and avoiding penalties.
morecompliance

Dodgers News: Ippei Mizuhara's Arraignment Date Scheduled For May 14

Ipei Mizuhara, former interpreter of Shohei Ohtani, pleaded guilty to bank fraud totaling $17 million for gambling debts, facing up to 33 years in prison.

Beverly Hills scammer pleads guilty to $18-million cannabis con

Con artist Mark Roy Anderson pleaded guilty to duping investors of over $18 million with false claims of a cannabis empire.
Anderson's history of swindling dates back three decades, with the latest scheme involving a non-existent hemp farm and misleading investment pitches.

Prosecutors seek to revoke Alex Murdaugh's federal plea deal over $6M in missing money

Prosecutors seek to revoke Alex Murdaugh's federal plea deal due to $6M missing money and dishonesty about it.
Murdaugh was found guilty on all counts in a double-murder trial and is also facing federal charges for financial crimes.

Lawyer's 'Money Laundering' Charges Upheld by New Jersey Court

Shuffling client cash around firm accounts can be considered criminal money laundering.
A New Jersey appeals court ruled that a lawyer's theft of client funds qualifies for indictment under the state's financial transaction crime statute.
[ Load more ]