Category: corporate corruption

A federal grand jury in the District of Columbia returned an indictment yesterday charging a Maryland man with major fraud against the United States and making false statements to the U.S. Securities and Exchange Commission (SEC) for his alleged participation in a scheme to deceive the SEC into thinking his company’s data center was certified at the highest rating level…

According to a report from the Financial Crimes Enforcement Network (FinCEN) on Oct. 10th, TD Bank’s U.S. wing agreed to pay over $3 billion in penalties. The fine was for failing to properly monitor money laundering activities. The bank has also accepted limits on its future growth in the U.S. FinCEN found that TD Bank facilitated over $1 billion in…

TORONTO — The more than US$3-billion settlement TD Bank Group has reached with U.S. regulators for its failures to oversee money laundering risks has underlined what some say are relatively weak enforcement options in Canada. Denis Meunier, president of DMeunier Consulting Inc. and a former deputy director of Fintrac, said fines in Canada have to increase significantly to provide adequate…

The former comptroller general of Ecuador was sentenced today to 10 years in prison for his role in a multimillion-dollar international bribery and money laundering scheme in which he received over $10 million in bribes and laundered those bribes payments in South Florida. According to court documents and evidence presented at trial, between 2010 to 2015, Carlos Ramon Polit Faggioni, 73,…

NEW YORK (Reuters) – Former cryptocurrency executive Caroline Ellison is set to be sentenced on Tuesday for her role in her imprisoned former boyfriend Sam Bankman-Fried’s theft of about $8 billion in customer funds from the now-bankrupt FTX exchange he founded. Ellison has pleaded guilty to seven felony counts of fraud and conspiracy, and testified as a prosecution witness in…

On Friday, December 15, Al Jazeera journalists Samer Abudaqa and Wael Dahdouh were reporting at the Farhana school in Khan Younis when Israel struck from the air. Dahdouh took shrapnel to his upper arm but was able to apply pressure to the wound and escape to a nearby hospital for help. But Abudaqa was unable to move. Rescue teams tried to…

In August 2024, a former employee who left the FCA some years ago made an allegation publicly that, in the course of whistleblowing, their identity was not kept confidential by the chair of the FCA, Ashley Alder. Following the first public allegation, a second former employee of the FCA, who also left some years ago, came forward with a similar…

KUALA LUMPUR, Malaysia (AP) — Malaysian police said Monday they have rescued 187 more children and raided locations nationwide linked to an Islamic business group that is being investigated for alleged sexual assault of children. National police chief Razarudin Husain said the children and young people, including 59 under age 5, were rescued from welfare homes linked to Global Ikhwan…

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral. Icahn Enterprises and Icahn have agreed to pay $1.5 million and $500,000 in civil…

NEW YORK (AP) — The top legal adviser to New York City Mayor Eric Adams resigned abruptly over the weekend, the latest sign of instability in the Democrat’s administration as it deals with multiple federal investigations. City Hall announced Lisa Zornberg’s departure late Saturday night. She had advised Adams and other city officials on legal strategy for over a year…

The founder and chief executive officer of the messaging service Telegram was detained at a Paris airport on an arrest warrant alleging his platform has been used for money laundering, drug trafficking and other offences, French media reported Sunday. Pavel Durov, a dual citizen of France and Russia, was arrested at Paris-Le Bourget Airport on Saturday evening after landing in…

NEW YORK, August 26. /TASS/. French authorities have ‘crossed a red line’ after they decided to detain Telegram messenger founder Pavel Durov, Chris Pavlovski, the CEO of Rumble online video platform, said on Monday. “France has threatened Rumble, and now they have crossed a red line by arresting Telegram’s CEO, Pavel Durov, reportedly for not censoring speech,” Pavlovski wrote on…

The Justice Department announced today that it has opened an investigation into the conditions at Trousdale Turner Correctional Center, a Tennessee Department of Correction facility operated by the private correctional management company CoreCivic. Trousdale Turner, located approximately an hour outside of Nashville, is Tennessee’s largest correctional facility. Based on an extensive review of publicly available information and information gathered from…

Former U.S. Rep. George Santos is due in court Monday afternoon, where a person familiar with the matter has said the New York Republican is expected to plead guilty to multiple counts in his federal fraud case. The person could not publicly discuss details of the plea and spoke to The Associated Press on condition of anonymity. Santos and his…

OFSI has updated General Licence INT/2022/1280876 which permits certain UK, EU and Guernsey subsidiaries of VTB and Sberbank (Russian banks) to make payment for basic needs, reasonable fees or service charges arising from routine holding and maintenance of its frozen funds and the payment of legal fees and insolvency-related services. § 5.2 of the GL has been amended to change the Insolvency…

A dual citizen of the United States and Ghana will make his initial appearance today in the Eastern District of New York to face charges related to his participation in a scheme to bribe Ghanaian officials to obtain and retain business from the Republic of Ghana. Asante Kwaku Berko, 50, was extradited yesterday from the United Kingdom to the United…