Las Vegas Review-journal | Tribune News Service | Getty Images A man described as an “experienced anti-money laundering specialist” pleaded guilty on Wednesday to illegally funneling more than $1 billion in lucrative, high-risk transactions through small financial institutions, the U.S. Department of Justice said. The massive transfer, which included hundreds of millions of dollars from … Read more
A Citibank branch in the central business district of Singapore on Feb. 12, 2018. Ore Huiying | Bloomberg | Getty Images New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud. The suit claims that Citi does not have strong protections in place to … Read more
The U.S. Department of Justice in Washington, D.C., June 20, 2023. Kevin Dietsch | Getty Images News | Getty Images The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other … Read more
Rudy Giuliani was able to raise less than $1 million from just 13 donors, among them his friends and a group of former President Donald Trump’s allies, to help pay off his legal fees as he faces a $146 million defamation judgment and a criminal prosecution, a new Federal Election Commission filing reviewed by CNBC … Read more
Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to his home in … Read more
British billionaire and Tottenham Hotspur owner Joe Lewis exits the United States Courthouse in Manhattan, following his appearance on insider trading charges, in New York City, U.S., July 26, 2023. Amr Alfiky | Reuters British billionaire Joseph Lewis pleaded guilty Wednesday in New York federal court to securities fraud related to insider trading. Lewis’ company, … Read more
The U.S. District Court for the Eastern District of New York stands in the Brooklyn borough of New York City on Jan. 18, 2019. Drew Angerer | Getty Images Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. Prosecutors … Read more
Joe Tacopina, Attorney for former President Donald Trump, leaves Federal Court after the civil trial against former President Donald Trump at Manhattan on May 09, 2023 in New York City. Spencer Platt | Getty Images Joseph Tacopina has withdrawn as a lawyer for Donald Trump in two major cases facing the former president, one of … Read more
For years, hedge funds knew that one man at Morgan Stanley could make them millions. A big block of shares would come up for sale, and block-trading head Pawan Passi would tip off the funds. One even told Passi he had put that investor “in the game” (adding a colorful modifier) and that the investor … Read more
Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York attorney general on Friday asked a … Read more
