Tag: All Regions

French financial prosecutors say a Paris court has approved an agreement with Airbus that will see the plane maker pay a 15.8-million-euro ($16.3 million) fine A Paris court on Wednesday approved an agreement under which Airbus will pay a 15.8-million-euro ($16.3 million) fine to end a corruption probe focusing on sales to Libya and Kazakhstan over a decade ago, French financial prosecutors said. The agreement comes as an extension to a previous deal in 2020 that led Airbus to pay…

The FTC has temporarily shut down a credit card debt relief scheme operated by Sean Austin, John Steven Huffman, and John Preston Thompson and their affiliated companies that allegedly took millions from people by falsely promising to eliminate or substantially reduce their credit card debt: ACRO SERVICES LLC, a limited liability company, also d/b/a Capital Compliance Solutions, AMERICAN CONSUMER RIGHTS ORGANIZATION, a corporation, also d/b/a Tristar Consumer Law Organization FIRST CALL PROCESSING LLC, a limited liability company MUSIC CITY VENTURES,…

Elmer Stewart Rhodes III, the founder and leader of the Oath Keepers, and Kelly Meggs, the leader of the Florida chapter of the organization, were found guilty by a jury today of seditious conspiracy and other charges for crimes related to the breach of the U.S. Capitol on Jan. 6, 2021. Their actions disrupted a joint session of the U.S. Congress that was in the process of ascertaining and counting the electoral votes related to the presidential election. Three additional…

Today, the United States filed a proposal in federal court that — if approved by the court — would appoint an Interim Third Party Manager to stabilize the city of Jackson, Mississippi’s public drinking water system, and build confidence in the system’s ability to supply safe drinking water to the system’s customers. The city and the Mississippi State Department of Health (MSDH) have signed this order and agreed to its terms. At the same time, the Justice Department, on behalf…

The Federal Trade Commission is sending payments totaling more than $830,300 to 1,376 people who began their enrollment at Saint James School of Medicine between Fall 2016 and Summer 2021. The for-profit medical school in the Caribbean and its Illinois-based operators allegedly misled prospective students about their chances of success—both in passing a medical school standardized test and in matching with a residency program after graduation. In April 2022, the FTC took action against Saint James and its operators, alleging…

The Federal Trade Commission and State of California are taking action against home improvement financing provider Ygrene Energy Fund Inc. for deceiving consumers about the potential financial impact of its financing, and for unfairly recording liens on consumers’ homes without their consent. The FTC and California allege that Ygrene and its contractors falsely told consumers that the financing wouldn’t interfere with the sale or refinancing of their homes, in many instances relying on high-pressure sales tactics or outright forgery to sign…

Haaretz Daily Newspaper reports: Documents reveal that a corporation implicated in corruption, served as a middleman between Israel Aerospace Industries (IAI), Elbit (publicly traded co), Israel Shipyards (publicly traded co) and Myanmar’s brutal junta, despite international sanctions over the Rohingya genocide. Company Company Relation Location Industry Description Israel Aerospace Industries Ltd. (IAI) Parent Israel Aircraft Engines Elta Systems Ltd Subsidiary of Parent Israel Electronic Navigation/Tracking Systems Iai Asia Pte. Ltd. Subsidiary of Parent Singapore Wholesalers Iai North America Inc. Principal…

Miami – It was a deal that brought together oligarchs from some of America’s top adversaries. ‘The key is the cash,’ the oil broker wrote in a text message, offering a deep discount on Venezuelan crude shipments to an associate who claimed to be fronting for the owner of Russia’s biggest aluminum company. ‘As soon as you are ready with cash we can work.’ The communication was included in a 49-page indictment unsealed Wednesday in New York federal court charging…

Alexander Ozhelskiy, 22, son of Russian billionaire Mikhail Fridman, posted a video address in which he says that he does not support the war in Ukraine and thinks the sanctions against him are unfair. Alexander states that he has participated in “pro-Ukrainian protests”. Ozhelskiy is the co-founder and general director of Esef Direct Investments LLC, as well as a co-founder and director of Alliance Management Company LLC. He is also co-founder of Esef Development LLC and Esef Properties LLC. His…

Ukraine throws damns this treaty to hell [less dramatic translation: violates the treaty] a year later, and begins attacking the borders of the two republics…Desperate, the two republics send a delegation to Moscow and finally manage to talk to Putin.

On September 16, 2022, the U.S. Department of the Treasury (“Treasury”) published three reports in response to a March 2022 Executive Order concerning the development of digital assets.  The reports address the future of money and payments; implications for consumers, investors, and businesses; and the illicit financing risks of digital assets.  Secretary Yellen described the reports as identifying the challenges and risks of digital assets used for financial services, while providing recommendations for mitigating such risks.  The reports responded to President…

On August 8, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) sanctioned virtual currency mixer Tornado Cash for having laundered more than USD 7 billion worth of virtual currency since its founding in 2019.  This includes over USD 455 million worth of stolen virtual currency associated with the Lazarus Group, a “Democratic People’s Republic of Korea (DPRK) state-sponsored hacking group” that is responsible for the largest known virtual currency heist to date.[1]  Notably, Tornado Cash…

“Russia should not benefit from European knowledge and expertise.”  That is the view of European Commission (“EC”) President Ursula von der Leyen, who recently proposed an eighth package of sanctions against Russia in response to “escalation” in Ukraine. Among the “biting” new sanctions will be a wider ban on the provision of European services to Russia.  The list of banned services has not yet been announced, but there are multiple reports circulating that this may include legal services.  Watch this…

On September 15, 2022, Deputy Attorney General Lisa Monaco announced updated guidelines for the U.S. Department of Justice’s (“DOJ”) corporate criminal enforcement in a speech at New York University Law School. Monaco previously announced in October 2021 that DOJ would take a tougher stance on white collar crime. Shortly thereafter, Monaco formed an advisory group to evaluate potential changes to existing DOJ policies to facilitate DOJ’s more aggressive approach. The advisory group solicited feedback from defense counsel, executives, compliance personnel,…

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Russia claims that Ukrainian forces have repeatedly launched targeted attacks hitting the Zaporizhzhia nuclear power plant, a sensitive area known as the largest nuclear power plant in Europe with at least six operating reactors. On August 7, the military-civilian administration of Energodar city, located in the north-western part of Zaporizhzhia Oblast in Ukraine, accused Ukrainian forces of launching a 220 mm Uragan rocket with a cluster warhead. The Russian officials said that Ukraine’s strike has damaged the station’s administrative buildings…