A former Fort Lauderdale businessman has been ordered to pay $496,000 to the Securities and Exchange Commission for his role in a stock manipulation scheme…
Texas Man Convicted in Crypto Money Laundering Scheme
An Irving man has been sentenced to federal prison for his role in a cryptocurrency money laundering conspiracy in the Eastern District of Texas, announced…
British Parliament Fails to Investigate Whistleblower Allegations of Sexual Misconduct
A man who made allegations of sexual intercourse and misconduct occurring inside Parliament House was left “deeply disappointed” by an independent investigation into his claims,…
Elon Musk’s SEC Paperwork Continues to Be Deliberately Provocative
It seems that it’s just not enough to be the world’s richest man – you also need to demonstrate your contempt and impunity before the…
Xcalibur Aerospace Founder Charged with Fraud over Unfinanced Takeover Bid
Melville ten Cate, the Dutch founder and CEO of Xcalibur Aerospace Ltd, has always been an extravagant personality. But now he can add another item…
Billionaire Viktor Vekselberg’s Yacht Seized in Spain
Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by sanctioned Russian…
Chinese Money Laundering Network Targeted in Australian Casino Probe
For decades, billionaire property developer Phillip Dong Fang Lee was a VIP at the Star Entertainment Group casino in Sydney’s glitzy Darling Harbour district, racking…
Biden’s Budget Includes a Raft of AML Provisions
Increased defense spending and assistance to the Ukrainian government in Kyiv grabbed many of the headlines regarding President Biden’s fiscal year 2023 budget. However, funding…
Two Puerto Rican Executives Arrested on 92-Count Money Laundering Indictment
On March 31, 2022, a federal grand jury returned a 92-count indictment charging two individuals with conspiracy to commit bank fraud, bank fraud, aggravated identity…
‘Kleptocapture’ Initiative Aims to Close Corruption Loopholes
The U.S. Department of Justice created what it calls Task Force KleptoCapture, “an interagency law enforcement task force dedicated to enforcing the sweeping sanctions, export restrictions, and…