28th June 2018
AP — The total value of cash, jewelry, watches and handbags seized from properties linked to former Malaysian Prime Minister Najib Razak in a money-laundering investigation amounted to at least $273 million, police said Wednesday, calling the haul the biggest in Malaysia’s history. The items comprised 12,000… Read More
26th June 2018
AP — Apollo 11 moonwalker Buzz Aldrin is suing two of his children and a former business manager, accusing them of misusing his credit cards, transferring money from an account and slandering him by saying he has dementia. Aldrin’s lawsuit filed earlier this month in a Florida… Read More
21st June 2018
The former chief executive of the failed Anglo Irish Bank, David Drumm, was sentenced on Wednesday to six years in prison for false accounting and for conspiring to defraud depositors and investors during Ireland’s banking crisis a decade ago. Drumm, 51, had pleaded not guilty to charges of dishonestly creating… Read More
19th June 2018
AP — German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into the manipulation of emissions controls. The move is an extension of the emissions scandal that has rocked Volkswagen since 2015 and led to billions in… Read More
14th June 2018
AP — Judicial authorities on Wednesday told the brother-in-law of Spain’s King Felipe VI that he must report to a prison within five days in order to serve five years and 10 months for fraud and tax evasion, among other crimes. Inaki Urdangarin, a former Olympic… Read More
14th June 2018
Volkswagen (VOWG_p.DE) was fined one billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday. The German fine follows a U.S. plea agreement from January 2017 when VW agreed to… Read More
7th June 2018
AP — A former chief executive of the defunct Anglo-Irish Bank has been convicted of fraud for his role in inflating the lender’s balance sheet before it collapsed in the 2008 global financial crisis. David Drumm was convicted Wednesday of conspiring to inflate the bank’s deposit levels by 7.2… Read More
30th May 2018
The Council of the EU has removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions, following commitments to remedy EU concerns. EU experts have assessed their commitments and the jurisdictions have now been upgraded from the blacklist (annex I) to the grey list… Read More
11th May 2018
AP — A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City’s Waldorf Hotel to 18 years in prison on Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors, state media reported. Shanghai’s No. 1 Intermediate People’s Court… Read More
10th May 2018
AP — The Trump administration signaled Wednesday that it intends to pull back on investigating potential abuses by companies in the $1.5 trillion student loan market. The Consumer Financial Protection Bureau will shutter its student lending office, according to a bureau-wide memo written by its acting director, Mick Mulvaney. The… Read More