A Chinese woman who led one of the largest Ponzi schemes in her country will spend more than 11 years in a British prison for…
US government urges court to overturn Trump’s hush money conviction
The US Justice Department has asked a New York appeals court to dismiss former President Donald Trump’s conviction in the hush money case, Reuters reported.…
Getty Images loses most of UK lawsuit against Stability AI over use of copyrighted photos
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…
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,…
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…
AI misuse fuels Southeast Asia scam operations, according to Reuters investigation
A Reuters investigation uncovered how criminal networks in Southeast Asia are using ChatGPT to run global fraud operations while forcing trafficked workers to participate. Kenyan…
Nestlé to Slash 16,000 Jobs as New CEO Tries to Reignite Investor Confidence
Swiss food giant Nestlé has announced plans to eliminate 16,000 jobs worldwide, a sweeping cost-cutting move that marks the first major act by new CEO…
Swiss Court Strikes Down $20 Billion Credit Suisse Bond Wipeout: A Warning Shot to Regulators
In a ruling that could reshape investor trust in Switzerland’s banking sector, the Federal Administrative Court said the 2023 decision to erase Credit Suisse’s Additional…
EU prosecutors charge suspects in €280,000 subsidy fraud involving fake children’s projects
The European Public Prosecutor’s Office (EPPO) in Ostrava, Czechia, has charged two individuals and one company with subsidy fraud and damaging the financial interests of…