Results from an internal investigation launched in 2017 into an alleged cover-up of a £1 billion (US$1.32 bn) fraud scandal dating back over a decade have been delayed again, and likely won’t be revealed until next year, the lead investigator wrote in a statement on Friday.
The U.K.Serious Fraud Office (SFO) said it has secured nearly £1.2 million (US$1.58 million) last week from the Brazilian owner of a luxury apartment in West London, which is believed to have been purchased with money stemming from Latin America’s biggest corruption scandal, Brazil’sOperation Car Wash.
Acting on request of the government of Brazil, U.S. authorities seized virtual currency worth an estimated US$24 million which Brazilian authorities claim are proceeds of a fraudulent scheme, theJustice Department announced Wednesday.
Garrison Kenneth Courtney, the former Drug Enforcement Administration (DEA) officer who pleaded guilty earlier this summer to impersonating a CIA officer and defrauding several companies for some US$4.4 million, was sentenced to seven years in prison on Wednesday, according to a statement from the U.S. Department of Justice (DOJ).
A U.S. court found a Bulgarian national and owner of a Bitcoin exchange guilty for his role in an international fraud scheme that lured at least 900 Americans into purchasing online items that didn’t exist, the U.S. Department of Justice said.
The ex-CEO of a world-renowned German car manufacturer will this week become the first of the company’s former executives to stand trial over the Dieselgate emissions-cheating scandal.
Police in Indonesia arrested three suspected members of an international crime syndicate that tricked an Italian company into paying 3.67 million euro (US$4.33 million) for non-existent medical equipment,Interpol said Tuesday.
A German court announced on Wednesday that formerVolkswagen CEO Martin Winterkorn and four other ex-employees will face the judge for their role in the so-called ‘dieselgate’ scandal in which the car producer was caught cheating on emission tests.
Citizens collecting pensions in the United Kingdom have lost at least 31 million pounds (US$40.75 million) to scammers since 2017, and this figure likely only scratches the surface given that it includes only reported cases, the country’s Financial Conduct Authority (FCA) and The Pensions Regulator said in a press release on Tuesday.
In the latest instalment of a saga that saw investors around the world defrauded out of as much as US$16 billion, the co-founder of a disgraced cryptocurrency firm has agreed to testify against the company’s one-time chief, his sister.
In an effort to take the United Kingdom out of one of the deepest recessions of any major economy following the pandemic, the country’s government has injected billions in public funds into corporations embroiled in financial and human rights scandals, Vice reported on Tuesday.
In an effort to crack down on the hundreds of millions of dollars that were laundered through the U.S. real estate and business sectors by two former owners of one of Ukraine’s largest banks, authorities announced on Thursday that they intend to seize several of the properties involved in the scandal.
A 30-year-old Moldovan national pleaded guilty in a U.S. court to participation in a transnational cybercrime organization that caused more than half a billion dollars in losses, the US Department of Justice said on Friday.
Six retired players from the American National Football League (NFL) were charged in a superseding indictment last week in connection to a scheme to defraud healthcare benefits for former NFL players, according to a statement released by the US Department of Justice.
Law enforcement from 83 countries dismantled 19 organised crime groups and arrested 406 suspects during a six-month-long operation that targeted trafficking of counterfeit and substandard food and beverages, Europol said on Wednesday.
Two former managers of the Monaco-based energy consultancyUnaoil have bribed Iraqi authorities to secure favorable contracts in the war-torn country, a UK court established in a process that was marred by accusations against the head of the UK Serious Fraud Office of having been vulnerable to flattery from an Unaoil agent.
Italian national police announced on Thursday they arrested 31 people, including public officials, members of the military, and businessmen, suspected of corruption and fraud related to procurement contracts of the country’s armed forces.
If governments fail to guard against fraud and bribery in health-care supply chains as they secure essential medicines and personal-protective equipment in the fight against COVID-19, human rights could be abused and lives could be lost, UN experts warned.
After a Monaco court definitively dismissed charges against Swiss businessman and art dealer Yves Bouvier, whom Russian Billionaire Dimitry Rybolovlev accused of defrauding him out of nearly US$1 billion, the plaintiff’s lawyers said on Thursday that they will continue pursuing the case in Switzerland.
The embattled daughter of Angola’s former president has said she will cooperate with the country’s authorities in their investigation into allegations of corruption levelled against her.
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