A former Apple worker has been busted for allegedly defrauding the tech behemoth out of $10 million by taking kickbacks, swiping equipment and laundering money.…
The $8 Billion of Covid Relief Fraud is t Just the Tip of the Iceberg
he Department of Justice (DOJ) has uncovered a vast array of alleged fraudulent and criminal activities tied to more than $8 billion in federal COVID-19…
USAA Fails the Anti-Money Laundering Test
Federal regulators have fined USAA Federal Savings Bank, a century-old institution that mainly does business with members and veterans of the U.S. military, for failing…
California Financier Defrauds Investors of Millions, But Only Sentenced 1 Year in Prison
For as much as the Securities and Exchange Commission likes to grab headlines for their successful prosecutions of fraud, one often wonders if the penalties…
DOJ Shifts Focus from Foreign Corruption to Transnational Repression
On the heels of the news that the Department of Justice prosecuted a dramatically lower number of cases under the Foreign Corrupt Practices Act in…
Sanctioned Russians Rush to Use Crypto for Money Laundering
Life is tough for Russian oligarchs these days. One minute you are enjoying your yacht on the French riviera, the next moment your dictator has…
Three Important Ways Whistleblowers Can Protect Themselves from Retaliation
When you work in financial services, your boss is under extraordinary pressure to make sure that you do not share evidence or testimony of misconduct…
Banks Struggling to Keep Up with AML Regulations in Wake of Russia Sanctions
U.S. banks are treading carefully when it comes to sanctions against Russia, making sure to comply with a growing list of requirements while ensuring lawful…
Big Four Accounting Firms Face Regulatory Scrutiny
Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, according to a new report published in the…
Exclusive: Whistleblower Exposes Alleged Goldman Sachs Bribery Scheme
Goldman Sachs is a Wall Street investment bank so massively large and ever-present that at one point the media nicknamed them “the giant vampire squid”…