In one of Britain’s largest money laundering prosecutions, James Stunt, former son-in-law of Formula 1 mogul Bernie Ecclestone, faces accusations of transforming his Mayfair offices…
US accuses Bankman-Fried of FTX of paying $40 million in bribes
Sam Bankman-Fried is the creator of the now-bankrupt FTX cryptocurrency exchange. According to a new indictment released by US prosecutors on Tuesday, he paid a…
UK lawmakers call plans to reimburse scam victims ‘fundamentally flawed’
Proposals to reimburse hundreds of millions of pounds to scam victims in the United Kingdom are “fundamentally flawed,” lawmakers said in a report released on…
An activist group claims Shell misled investors on renewable energy
In a complaint submitted to the U.S. Securities and Exchange Commission by activist organization Global Witness, oil giant Shell (SHEL.L) has been charged with deceiving…
The United States accounting watchdog is being sued for its secretive disciplinary procedure
The United States’ accounting watchdog is being sued over concerns that its practice of conducting disciplinary proceedings behind closed doors is unlawful. The case, filed…
The founder of cryptocurrency exchange Bitzlato has been detained in a $700 million fraud case
As the US pursues criminal suspects in the digital arena, a Russian was charged with money laundering using a cryptocurrency exchange that allegedly concealed the…
Sequoia Capital reduces fees for new funds as the venture capital industry slows
According to partner Alfred Lin, Sequoia Capital has reduced management fees in its two recently announced venture funds as it prepares for a slower investment…
The United States Supreme Court will deliberate on a critical standard in whistleblower fraud cases
The United States Supreme Court agreed on Friday to reconsider reviving two lawsuits accusing pharmacy operators of overcharging government health insurance programs for prescription drugs,…
Ericsson sets aside $220 million for the latest scandal settlement with the DOJ
Ericsson has put aside $220 million for a possible settlement with the US Department of Justice (DoJ) in connection with its latest controversy involving bribery…
JPMorgan shuts down the financial planning website Frank post suing the founder
JPMorgan Chase & Co shut down its Frank website on Thursday, a college financial planning tool it purchased in 2021, after suing the startup’s founder…