Italian authorities seized last week nearly €84 million (US$94,816,680) as part of an investigation into the so-called ‘carousel fraud,’ a cross-country VAT avoidance scheme that costs the EU some €50 billion ($56.4 billion) per year, according to the European Parliament.
A Montana man plead guilty on Tuesday to defrauding a Canadian financial institution of US$43 million by convincing it to lend him the money after lying about his business.
The US charged a member of a shadowy Mormon group with over 100 business across the American West of embezzling US$500 million in biodiesel tax credits, laundering nearly $134 million and of witness tampering.
Czech flags and signs stating “We don’t want Babis” filled Prague’s Letna Plain park on Sunday as over 250,000 protesters demanded Prime Minister Andrej Babis resign over allegations of fraud.
Armenian police detained on Tuesday eight people and seized 14 computers from the offices of a suspected cyber crime ring operating in Yerevan. The raid came hours after OCCRP member center Hetq published an investigation that suggested the company was defrauding U.S. citizens of tens of thousands of dollars through fake virus scams.
The European Commission announced Monday it had adopted a new Anti-Fraud Strategy to improve the detection, sanctioning and prevention of fraud perpetrated against the EU budget.
The leader of a multi-billion dollar scheme involving the sale of fraudulent crypto-currency OneCoin, was arrested on Friday at Los Angeles International Airport, according to a US Justice Department press release.
The UK’s National Crime Agency seized property related to the home of an alleged senior member of a Northern Irish paramilitary group, the agency said Friday.
The former president of the Maldives was charged with grand corruption, money laundering and theft on Wednesday, the Diplomat, a Tokyo-based news magazine covering the Asia-Pacific, reported.
The primary whistleblower in South Africa’s state capture inquiry was among seven suspects who have been charged with corruption, money laundering, and fraud, Business Day, a daily newspaper in South Africa, reported.
South Africa’s anti-corruption agency found “major systemic weaknesses” in a land reform project which resulted in the fraudulent acquisition of land worth more than 382 million rand (US $28 million), according to a report exposed Thursday by the South African newspaper Business Day.
An unidentified man in the United Kingdom (UK) with apparent ties to Germany allegedly stole more than US$11 million in cryptocurrency from at least 85 people worldwide since January of last year, according to Europol.
The EU lost more than nine billion euros (US$10 billion) to fraud between 2002 and 2017, with Member States often doing little to prevent or punish those identified as suspects, a new report revealed on Thursday.
Tax authorities targeted a network of companies that embezzled millions of dollars in public funds destined for investments in Sicily’s cultural heritage, local tourism and infrastructure, according to a statement Italian Tax Police released Friday.
A former congressional staffer who helped a United States representative defraud charitable donors of more than a million dollars over the course of four years was sentenced to 18 months in prison, prosecutors announced Wednesday.
The United States Justice Department is backing a whistleblower complaint against a healthcare services provider that allegedly exaggerated patients’ illnesses to inflate reimbursements from the country’s national health insurance program.
Police in Michigan broke up a long-running fencing operation that allegedly paid heroin addicts to steal goods ranging from guns and liquor to ceiling fans and energy drinks, Detroit’s local media reported Monday.
Israeli police on Tuesday recommended charges be brought against the interior minister, who has been under investigation since 2016 over suspicions of bribery, fraud and breach of trust, tax offences, and money laundering.
The Kingdom of eSwatini, formerly known as Swaziland, lost US$2.09 million due to fraud and corruption in various sectors of the government, the national police deputy commissioner said Monday at an event celebrating International Fraud Awareness week, the Swazi Observer reported.
Authorities in South Africa arrested on Monday a Danish woman suspected of stealing US$17 million from Danish government funds from the National Board of Health, Danish prosecutors said.
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