Getty Images has largely lost its closely watched legal battle in London against Stability AI, the developer of the image generator Stable Diffusion, in a…
Sam Bankman-Fried seeks new trial in FTX fraud case, lawyers argue conviction was unfair
FTX founder Sam Bankman-Fried, currently serving a 25-year sentence for orchestrating what prosecutors described as one of the largest financial frauds in U.S. history, is…
Indian agency freezes Anil Ambani Group assets worth $853 million in money-laundering probe
India’s Enforcement Directorate (ED), the country’s top financial crime agency, has frozen properties valued at more than 75 billion rupees ($853 million) linked to the…
Five indicted in €188 million VAT fraud and Hawala money laundering case
Hamburg prosecutors working with the European Public Prosecutor’s Office (EPPO) have filed charges against five suspects accused of running a massive cross-border VAT fraud and…
U.S. law firm Hagens Berman faces mounting scrutiny in Apple and thalidomide cases
The prominent plaintiffs’ firm Hagens Berman Sobol Shapiro is fighting sanctions in two separate federal court cases after judges criticized its handling of client claims,…
U.S. appeals court overturns fraud conviction of Iconix founder Neil Cole
A U.S. federal appeals court in Manhattan has overturned the fraud conviction of Neil Cole, founder and former CEO of Iconix Brand Group, ruling that…
JPMorgan names new leader for its $1.5 trillion national security investment initiative
JPMorgan Chase has appointed veteran executive Jay Horine to oversee its new $1.5 trillion investment initiative focused on strengthening U.S. national security industries, according to…
Ex-Citibank Employee Sentenced in Singapore’s $2.3 Billion Money-Laundering Case
A former Citibank relationship manager has been sentenced to two years in prison for his role in one of Singapore’s largest-ever money-laundering scandals, according to…
UK’s Anti-Money Laundering Shake-Up Faces Backlash from Legal and Accounting Sectors
According to the Financial Times, law firms and accounting organizations across the United Kingdom are pushing back against a Treasury plan to give the Financial…
Bank of Ireland doubles provision for UK motor finance scandal to £350 million
The Bank of Ireland announced on Monday that it has sharply increased its provision related to the UK motor finance commission scandal, setting aside £350…