Fraud
The head coach of the Portland Trail Blazers and a player for the Miami Heat were arrested Thursday along with more than 30 other people in a takedown of two sprawling gambling operations that authorities said leaked inside information about NBA athletes and rigged poker games backed by Mafia families.
Fraud
As news of the arrests of an NBA coach and player broke, ESPN's morning show "Get Up" struggled to find its footing, highlighted by a promotional ad for the network's sportsbook, ESPN Bet. The awkward handling of the scandal reflects the broader issue of
Money laundering
Donald Trump issued a pardon to Changpeng Zhao, the founder of Binance, on Thursday, citing a "war on cryptocurrency" that he claims is now over. Zhao pleaded guilty in 2023 to failing to maintain an anti-money laundering program and was sentenced to four months in prison. He was
Money laundering
A new report from researchers at the North-West University has shed light on the implementation of a risk-based approach to combat money laundering and the financing of terrorism in South Africa. The approach, which was formalized through the amendment of the Financial Intelligence Centre Act in 2017, aims to balance
Fraud
Singapore and Thailand have joined forces to investigate Prince Holding Group, a Cambodian real estate conglomerate led by chairman Chen Zhi, following allegations of widespread fraud and money laundering. The move comes after the United States and the United Kingdom imposed sanctions on Chen, accusing him of masterminding a vast
Fraud
Chen Zhi, the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, has been indicted for operating forced-labor scam compounds across Cambodia. The compounds, where individuals were held against their will, engaged in cryptocurrency investment fraud schemes, known as "pig butchering"
Chairpersons
Tegako Donatus, the Erongo Regional Council chairperson, has resigned from his position as Walvis Bay Rural constituency councillor, effective from Wednesday. This move comes as the regional council is set to discuss a ministerial directive ordering the reinstatement of former chairperson Benitha Imbamba during its ordinary council meeting on the
Fraud
Chen Zhi, the founder and chairman of Prince Holding Group, has been charged with wire fraud conspiracy and money laundering conspiracy for directing the operation of forced-labor scam compounds across Cambodia. According to the indictment, Prince Group perpetrated fraudulent cryptocurrency investment schemes, known as "pig butchering" scams, that
Fraud
Federal prosecutors have seized $15 billion in cryptocurrency from an investment scheme known as "pig butchering" that they allege emanated from forced labor camps in Cambodia. The scheme, operated by Chinese émigré Chen Zhi, targeted Americans and others, using tactics such as romance scams and fake investment opportunities
Fraud
Authorities have dismantled one of the largest human trafficking and cyber-enabled financial fraud networks, led by Chen Zhi, the founder of Prince Holding Group, a multinational business conglomerate. The scheme, fueled by cryptocurrency investment fraud, allegedly stole billions of dollars from victims worldwide. A federal indictment charges Chen Zhi with
Chairpersons
Huntington National Bank, a regional bank holding company with a history dating back to 1866, has appointed David Ortiz as its new Chief Auditor. Ortiz's promotion is effective November 1, 2025, and he joins the bank's executive leadership team. Ortiz succeeds Michael Van Treese, who has
Fraud
Financial services firms in the UK must navigate a complex landscape of reforms aimed at combating financial crime. The Economic Crime and Corporate Transparency Act (ECCTA) has introduced a new corporate offence of failure to prevent fraud, while the Money Laundering Regulations (MLRs) have been refined to enhance due diligence
