Source briefing
EU Sanctions Target Prince Group and its Chairman Chen Zhi Over Alleged Cyber-Scams, Forced Labor
The European Union on Thursday imposed a new round of sanctions targeting Cambodia’s multibillion-dollar Prince Holding Group and its chairman, Chen Zhi, over their alleged involvement in large-scale cyber-scams and human trafficking. Along with the Prince Group, the bloc…
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From Tehran to Texas: How a Convicted Iranian Pyramid Scheme Ringleader Built a New Life in the U.S.
Mazyar Mahan, convicted in absentia in Iran in connection with a $25 million pyramid scheme that defrauded hundreds of people, obtained U.S. citizenship and went on to teach film at a Texas university.
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Canadian intelligence flags crypto-to-cash services as ‘knowingly facilitating money laundering,’ document shows
An internal report obtained says that crypto brokers are moving millions while dodging rules to guard against dirty money.
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Kazakhstan Sentences 27 in $6.4 Million Fake Farm-Loan Scheme
A Kazakh court has sentenced 27 members of an organized crime group to between six and eight years in prison for stealing the equivalent of $6.4 million in public funds through a fraudulent agricultural loan scheme, state news…
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UK Freezes $30 million in London Properties Owned by a Man Under Investigation in Singapore Money Laundering Case
Britain's National Crime Agency has frozen 16 luxury apartments in central London acquired by Xu Haika, who is under investigation in Singapore as authorities pursue their largest ever money laundering probe.
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Demanding a ‘15 Percent Cut’: Former Ukrainian Nuclear Official Sent to Trial Over Bribes
Ukrainian anti-corruption prosecutors have sent a former executive at the state nuclear operator to trial on charges of demanding more than $147,000 in kickbacks from private contractors, law enforcement officials announced Tuesday.The National Anti-Corruption Bureau of Ukraine alleged…
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The Alleged Mastermind of a $2 Billion U.S. Telemedicine Scam Is Enjoying the Luxury Life in Russia
Brian Sutton, accused of masterminding one of the largest fraud schemes to ever be unraveled in the United States, is living freely in Russia. Among his acquisitions there is a fleet of luxury cars, an elite villa near…
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Fake Companies, Millions in Cash: Georgia Charges Four in $8.2M Laundering Scheme
Prosecutors in Georgia have charged four foreign nationals and five companies with operating a transnational money-laundering scheme that funneled 21.5 million Georgian lari ($8.2 million) in illicit proceeds through the country’s financial system.According to investigators, the group generated…
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US Sanctions Family of Iranian Tycoon in Crackdown on Alleged IRGC Crypto Network
The U.S. Treasury Department has sanctioned the sister and “significant other” of Iranian tycoon Babak Zanjani, targeting a network of crypto exchanges and global companies accused of laundering funds for Iran’s Revolutionary Guard Corps.
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Lab Owner Suspected of $547 Million Medicare Fraud Extradited to The United States
Khalid Satary’s laboratories allegedly used call centers, telemedicine doctors and kickbacks to turn medically unnecessary cancer tests into $547 million in Medicare claims. Court records indicate the program paid about $134 million.
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