Mar 08 2023
Genaro García Luna was Mexico’s former secretary of public security. He was accused of accepting millions in bribes from the very cartels he was tasked with dismantling. A U.S. federal court found him guilty on all five counts, including conspiracy to smuggle tonnes of cocaine into the United States. The bribes he accepted garnered him …
Mar 08 2023
Former PNG Ports head Fego Kiniafa and his predecessor appeared to have benefited from payments from a Singapore bank account belonging to Don Matheson. The payments came shortly after an global ports operator, Manila-based International Container Terminal Services (ICSTI), paid roughly US$4.35 million toMatheson’s newly established Singapore company. In 2017, ICTSI won lucrative contracts to operate PNG’s …
Mar 08 2023
Emmer is known for its efforts to boost crypto adoption and promote the growth of the industry. He has been in favor of and has also about the way the government handled the arrest of Sam Bankman-Fried. The bill prohibits the Fed from issuing a CBDC directly to anyone, prevents it from using aCBDC to …
Mar 08 2023
Tamara Dadyan, along with her six co-conspirators, took advantage of the pandemic to steal millions of dollars. The group used dozens of fake, stolen, or synthetic identities to submit fraudulent applications for roughly 150 PPP and EIDL loans. The seven people who were part of this fraud ring in Los Angeles were sentenced for obtaining …
Mar 08 2023
Bitcoin dropped by roughly $1,000 and marked a multi-week low beneath $23,000. The altcoins are also quiet today, given the trading volumes, aside from the likes of Stacks and Lido Dao, both of which are up by impressive percentages. Bitcoin tried its hand at taking down $25,000 three times in the past 10 days or …
Mar 08 2023
Frederick Marino was sentenced to seven years and six months in prison. Aurelien Bessot was handed a sentence of 15 months suspended for two years. Swiss banker Yoshiki Ohmura received a prison sentence of three years and 6 months. Both absconded from the country and were sentenced in absentia. The fraud started in 2009 when …
Mar 08 2023
Before the war, the two countries “controlled a lucrative transnational smuggling highway,’ GI-TOC said. Corrupt officials and crime bosses siphoned off millions from Ukraine’s status as a transit country for Russian gas into the West. Now, however, the year-long invasion has made collaboration between Russian and Ukrainian organized crime groups all but impossible and longstanding …
Oct 13 2022
Mt. Gox creditors could be one step closer to reclaiming their funds after nearly a decade of waiting. This is as the Rehabilitation Trustee has released a deadline for them to select their preferred repayment method. “Bitstamp is pleased to announce that we are supporting the rehabilitation process for Mt. Gox creditors. Rehabilitation creditors who …
Jan 19 2022
On January 18th, OpenSea announced that it had acquired Dharma Labs for an undisclosed amount. The world’s top NFT marketplace was recently valued at $13.3 billion following its latest funding round. Sources at the 2017-founded firm told Reuters that deal would help it “dramatically improve the experience of buying, minting, and selling NFTs” on its platform. Axios …
Jan 13 2022
Dubai Public Prosecution is continuing to combat money laundering and related crimes in cooperation with law enforcement agencies and local and federal authorities. Courts in the emirate have issued various sentences in cases that will serve as deterrents to money laundering-related crimes. The sentences included imprisonments for periods ranging from nine months to eight years, …