Fraud
Attorney General Pamela Bondi and Deputy Attorney General Todd Blanche announced the largest asset confiscation in the history of the US Department of Justice, totaling approximately $15 billion, from cryptocurrency and assets derived from crimes committed by Prince Group and its founder, Chen Zhi, also known as Vincent. The confiscation,
Fraud
Global economic trends and financial developments continued to shape the news landscape on October 15, 2025. A key storyline emerged from the actions of central banks and governments as they navigated the storm of economic and financial uncertainty. The IMF, for instance, highlighted the importance of monetary and fiscal policy
Conspiracy
Former French president Nicolas Sarkozy has been ordered to serve a five-year prison sentence for criminal conspiracy over alleged illegal funding of his 2007 election campaign by Libya. Sarkozy, 70, will begin his sentence on October 21 at La Santé prison in Paris. The decision comes after he was found
Attorneys general
A former NYPD detective has pleaded guilty to a racketeering conspiracy charge after accepting bribes for providing confidential police information to a violent theft crew. According to the indictment, Saul Arismendy De La Cruz, alias "Nene" and "Venom," accepted bribes from the crew's leader,
Attorneys general
Baltimore District Judge Adam B. Abelson recently sentenced Tyon Bailey, 31, to 12 years in federal prison followed by five years of supervised release for conspiracy to distribute and possess with intent to distribute fentanyl. Bailey's organization was responsible for trafficking a large quantity of fentanyl in and
Conspiracy
Former French President Nicolas Sarkozy was convicted of allowing close associates to contact former Libyan leader Muammar Gaddafi to obtain illegal funding for his 2007 election campaign. The Paris Criminal Court sentenced Sarkozy to 5 years in prison, with a prison entry date to be determined by the public prosecutor.
Attorneys general
Juan Francisco Ramirez, 60, the former chairman of the board of Nodus International Bank, pleaded guilty to his role in leading a scheme to fraudulently obtain more than $13.6 million from the bank, ultimately leading to its failure in 2023. The scheme involved Ramirez and his co-conspirators siphoning money
Attorneys general
Juan Francisco Ramirez, 60, the former chairman of the board of Nodus International Bank, pleaded guilty to conspiring to fraudulently obtain over $13.6 million from the bank, resulting in its collapse in 2023. Ramirez, of Miami, Florida, abused his position to divert funds from the bank, concealing investments and
Fraud
Federal authorities have charged two Pennsylvania men with conspiracy to commit wire fraud and aggravated identity theft after allegedly defrauding the Pandemic Unemployment Assistance program of nearly $220,000. Alexander Daravina, aka Alexander Danazina and "Colombian Al," 38, of Dallas, Pennsylvania, and Moses Benabe, 25, of Philadelphia, were
Fraud
US Citizenship and Immigration Services played a crucial role in the investigation that led to the sentencing of Babar Khan, 46, for a scheme that defrauded immigrant clients seeking immigration services. Khan, the owner of JLLAS CORP. and EIMAAN LLC, and his wife, Khatija Khan, recruited clients from 2015 to
Fraud
The president of a Queens-based construction company, Liaquat Cheema, has been sentenced to four years in federal prison after being found guilty of defrauding the city of millions of dollars through public contracts tied to homeless shelters. Cheema, 65, of East Elmhurst, headed AFL Construction, a city vendor with approximately
Fraud
Liaquat Cheema, the president of AFL Construction Co. Inc., was sentenced to four years in prison for his role in a fraudulent scheme that stole millions of dollars in public funds intended for maintenance at homeless shelters in New York City. Cheema and others used public contracts to fraudulently enrich
