27th July 2021
By Cezary Podkul, ProPublica, 26 July 2021 This story was originally published by ProPublica. ProPublica — A Bronx man allegedly received $1.5 million in just ten months. A California real estate broker raked in more than $500,000 within half a year. A Nigerian government official is accused… Read More
27th July 2021
A co-owner of a Beverly Hills safe deposit box business that allegedly helped criminals hide their ill-gotten gains from authorities acquired his stake in the company using dirty money he amassed through drug trafficking, health-care fraud, online marketing scams utilizing the names of unwitting celebrities, and even a fraudulent… Read More
26th July 2021
Caps are being put on the amount that bank customers can transfer online amid a national crackdown on money laundering and fraud. NatWest was the first big name to tighten the limit on what people can transfer using the faster payments service, which enables immediate transfers. The daily transfer limit… Read More
26th July 2021
Deutsche Bank AG is accused of turning a blind eye to a years-long Ponzi scheme that involved fraudulent investments in Florida, expanding the growing list of legal and compliance headaches for Chief Executive Officer Christian Sewing. Liquidators of two now-bankrupt Cayman Islands investment funds sued the bank in New… Read More
26th July 2021
The Vatican released information on its real estate holdings for the first time on Saturday, revealing it owns more than 5,000 properties as part of its most detailed financial disclosures ever. The information was contained in two documents, a consolidated financial statement for 2020 for the Holy See and the… Read More
23rd July 2021
Westpac alleges colourful soccer identity Bill Papas and his company Forum Finance orchestrated more than 100 allegedly fraudulent transactions that siphoned off over $340 million from the bank during a near three-year period. The details of the extent of Mr Papas’s fraud were detailed in a statement of claim filed… Read More
23rd July 2021
B.R. Shetty, the founder of stricken UAE hospital operator NMC Health, has sued auditor EY, two former top executives of his companies and two banks in a U.S. court, seeking $8 billion in damages for an alleged multibillion-dollar fraud at his group. EY said in a statement: “We believe this… Read More
22nd July 2021
Slovenia now risks court action unless it rapidly appoints two prosecutors to the recently-established EU watchdog tasked to fight financial crimes. “We will think about a possible procedure before the court,” EU justice commissioner Didier Reynders said on Tuesday (20 July). Slovenia is currently at the helm of the rotating… Read More
21st July 2021
Seven people have been arrested in an operation that police think may have “significantly disrupted” a people smuggling network which moved hundreds of Albanian migrants to the UK illegally. The National Crime Agency (NCA) said the network’s alleged ringleader was among those who were detained in a series of raids… Read More
21st July 2021
The Biden administration on Tuesday designated former Honduran President Porfirio “Pepe” Lobo Sosa and his wife, former first lady Rosa Elena Bonilla Avila, for their involvement in “significant corruption” while in office, barring them from entry to the United States. Secretary of State Antony Blinken announced the designations in… Read More