Fraud
The United States Department of Justice has announced the largest healthcare fraud scheme in history, exposing 14 defendants for their alleged participation in various healthcare scams that exploited the COVID-19 pandemic, resulting in over $143 million in false billings. The scheme involved medical professionals, corporate executives, and others who allegedly
Fraud
The US Department of Justice (DOJ) has released new guidance on white-collar enforcement priorities, outlining ten areas that will be prioritized in investigations and prosecutions. The guidance, titled "Focus, Fairness, and Efficiency in the Fight Against White-Collar Crime," sets out the DOJ's priorities for combating white-collar
Fraud
A former Access Bank official, Ofure Achille, has revealed how large sums of money allegedly from Local Government Areas (LGAs) in Kogi State were laundered through suspicious cash lodgments spanning years into private bank accounts during the tenure of former Governor Yahaya Bello. Achille's testimony was presented as
Theft
A 63-year-old woman has been sentenced to six years in prison after embezzling $1.2 million from a Jupiter-based business, Fitzhugh Holdings LLC. Michele Nichols, a financial controller at the company, used her position to steal the funds over nearly three years, depositing them into six personal bank accounts. The
Theft
President Cyril Ramaphosa's Phala Phala game farm break-in and theft case against Imanuwela David, Froliana Joseph, and Ndilinasho Joseph was postponed to September 15 for trial in the Modimolle Regional Court. The trio is facing charges of conspiracy to commit housebreaking, theft, and money laundering. Due to Froliana
Fraud
Kenneth Ray Moore, a 56-year-old man from Bowling Green, was sentenced to 3 years and 10 months in federal prison for engaging in a scheme to embezzle $1,145,800 from his employer between October 2009 and May 2020. Moore, who was Vice President of Finance, created a shell company
Fraud
Robert D. Christensen, 55, pleaded guilty to conspiracy to commit wire fraud and money laundering for his role in an $18 million fraud scheme with his business partner and co-owner of the company. Christensen's partner, Anthony M. Matic, 55, previously pleaded guilty to conspiracy to commit wire fraud
Fraud
The UK court has dismissed Nirav Modi's latest bail petition, upholding concerns over his "real and substantial" flight risk after being declared a fugitive economic offender in India in December 2019. Modi, the prime accused in the Rs.13,850 crore fraud at Punjab National Bank,
Fraud
Savannah Beverages, a beverage company, and its two senior employees, Alexious Manyanda and Simarashe Manyanda, have appeared in court on allegations of defrauding Blackbox Investments (Pvt) Limited of US$66,894 and ZWL 124,088,370 in a botched supply of Jade pet industrial chemicals and plastic polymers. The accused
Fraud
The Malaysian Anti-Corruption Commission (MACC) has made several arrests in connection with corruption and money laundering cases. Three bank officers from two financial institutions were detained for allegedly being involved in money laundering and corruption linked to loan applications exceeding RM21 million. Additionally, three individuals, including a former company executive
Money laundering
The Trump administration is pushing to undo most of the efforts made by the US government to regulate cryptocurrency markets, sparking concerns over investor protection and conflicts of interest. The recent decision by the Justice Department to stop prosecuting industry players for violating banking, securities, and commodities statutes, including money-laundering
Banks (Finance)
The Macao-based bank, Banco Delta Asia, has submitted a report to the US Treasury Department defending its anti-money laundering measures, citing a lack of technology to deal with illegal activities. However, the report also reveals the bank's involvement in gold bullion trading with North Korea prior to US
