FinanceSleuth

FTX, once a leading U.S. crypto exchange, filed for bankruptcy in November 2022 after allegations of financial misconduct surfaced. The company’s founder, Sam Bankman-Fried (SBF), was accused of orchestrating a massive fraud that resulted in losing $8 billion in customer funds.

Ex-FTX Executives to Be Sentenced Following Testimonies Against Sam Bankman-Fried | FinTelegram News FTX, once a leading U.S. crypto exchange, filed for bankruptcy in November 2022 after allegations of financial misconduct surfaced. The company's found ...

Federal authorities have unveiled charges against 24 individuals accused of laundering over $50 million for Mexican drug cartels, marking a significant crackdown on Chinese-led networks facilitating drug trafficking into the US

US announces major bust as efforts to crack down on Chinese money launderers working with drug cartels ratchet up | CNN Politics US prosecutors on Tuesday touted a major breakthrough in a crackdown against Chinese money laundering networks they say are working with Mexican drug cartels, announcing charges against 24 people for allegedly taking part in a scheme to launder more than $50 million in drugs.

A high-profile Vietnamese real estate tycoon was sentenced to death in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Vietnam's multi-billion dollar fraud case: key things to know A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Payments company Wirecard collapsed in 2020 in Germany's biggest post-war fraud scandal.

The rise and fall of Wirecard Payments company Wirecard collapsed in 2020 in Germany's biggest post-war fraud scandal. A trial will start in Munich on Thursday, with former Chief Executive Markus Braun facing charges. Braun denies wrongdoing.

The chief financial officer of The Epoch Times, a conservative multinational media company, is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds.

Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme The chief financial officer of The Epoch Times, a conservative multinational media company, has been indicted in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds.

The "PayPal Mafia" is a term that has gained prominence in the tech world, referring to a group of former PayPal employees and founders who have since embarked on successful entrepreneurial ventures, significantly impacting the Silicon Valley startup ecosystem.

The PayPal Mafia: The geniuses from the World of Business and Technology PayPal Mafia is a group of technology geniuses who went through the dot-com crisis with PayPal and then took the pulse of the tech world.

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House Oversight Chairman: DOJ Needs To Pursue ‘All Financial Crimes The Entire Biden Family Committed’ Oversight Chairman James Comer (R-KY) responded to the guilty verdict in the Hunter Biden gun trial this week by saying that justice has not been served because the Bidens have not been held accountable for alleged crimes they have committed. Comer made the remarks during a Fox News interview on Tue...

How criminals and far-right wrongdoers launder money using crypto exchanges?

What Law Enforcement Needs to Know About Crypto Money Laundering Learn how cryptocurrency is used for money laundering of funds on the blockchain, and how law enforcement and security agencies can stop it.

Despite ranking 18th in global crypto adoption, Russian individuals and groups, some sanctioned by the US, dominate various illicit activities, particularly ransomware and money laundering.

Russian cybercriminals lead in ransomware attacks, with over $400 million in revenue in 2021. Moreover, Moscow City hosts numerous cryptocurrency businesses facilitating substantial money laundering, with over $700 million received from illicit addresses.

The presence of these businesses, including notable ones like Garantex and Bitzlato, highlights the extent of Russian involvement in crypto crime. Despite recent arrests and regulatory debates, the issue persists, underscoring the need for continued efforts to combat money laundering in Russia's crypto ecosystem.

Russians Drive Ransomware and Crypto Money Laundering Activity - Chainalysis Significant ransomware and crypto-based money laundering comes from Russian cybercriminals. Learn more from the 2022 Crypto Crime Report.

Celebrities do not care about you. Beware of their scams.

They are not your friends. It doesn't hurt to remind yourself and keep in mind who tried to scam us throughout the years. They are not your friends.

$3 Billion Money Laundering Case: Su Jianfeng Sentenced to 17 Months' Jail

The sentencing of Dubai property broker Su Jianfeng to 17 months' imprisonment marks the conclusion of Singapore's extensive anti-money laundering operation. Su, among the last of 10 foreigners arrested in August 2023, pleaded guilty to charges including money laundering and forgery.

His case underscores Singapore's commitment to combatting financial crimes. Su's deceitful practices, including falsified property sales contracts and illicit transactions in Dubai, highlight the intricate web of illegal activities targeted by Singaporean authorities.

With assets worth $178.9 million forfeited to the state, Su's sentencing sends a strong message against exploiting the financial system for unlawful gains. CAD director David Chew reiterated Singapore's determination to thwart organized crime, emphasizing that criminals will find no refuge within the nation's borders.

The successful prosecution of Su Jianfeng and his associates demonstrates Singapore's resolve to uphold its financial integrity and safeguard against illicit activities.

$3b money laundering case: Su Jianfeng given 17 months’ jail, last of 10 to be dealt with The 36-year-old Vanuatu national had pleaded guilty to money laundering and forgery. Read more at straitstimes.com.

It doesn't hurt to remind yourself and keep in mind who tried to scam us throughout the years. They are not your friends.

Here are the celebrities promoting crypto — even as concerns around scams mount Crypto popularity has boomed in recent years, and celebrities have gotten in on the fanfare.