The chief financial officer of conservative global news outlet The Epoch Times has been arrested and charged with leading a yearslong scheme to launder at least $67 million in illicit funds, federal prosecutors said Monday. The scheme — which involved cryptocurrency, tens of thousands of prepaid debit cards, fraudulently obtained unemployment insurance benefits and stolen … Read more
Billionaire bitcoin investor Michael Saylor and the company he founded, MicroStrategy, will pay $40 million to settle a tax fraud lawsuit brought by the Washington, D.C., attorney general, the AG’s office announced Monday. Between 2005 and 2021, Saylor allegedly evaded over $25 million in District of Columbia income taxes by posing as a resident of … Read more
A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to other crimes like child exploitation and bomb threats has been shut down, Department of Justice officials announced Wednesday. The DOJ arrested 35-year-old YunHe Wang, a Chinese national who was charged with creating the “botnet,” a kind of … Read more
Malaysia’s former prime minister Mahathir Mohamad said he and his family members were not involved in any “corrupt practices.” Last month, Malaysia’s Anti-Corruption Commission said Mahathir was among individuals being investigated over a corruption probe that involved his sons, according to Reuters. Mahathir’s sons — Mirzan and Mokhzani — were in January ordered to declare … Read more
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals. “I think that there’s going … Read more
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been … Read more
Jonathan Raa | Nurphoto | Getty Images The Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds. DOJ called it a “first-of-its kind” fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal … Read more
Senator Robert Menendez arrives at the federal courthouse in Manhattan, New York, United States on May 13, 2024. Fatih Aktas | Anadolu | Getty Images A judge on Monday admonished attorneys for playing legal games shortly after they convened for the start of the federal bribery trial of Sen. Robert Menendez, D-N.J. “There’s been too … Read more
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los … Read more
Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023. Amr Alfiky | Reuters A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with … Read more
