Crown ‘lied’ in Victoria, evidence of money laundering in Perth
Elouise Fowler and Brad Thompson, 17 May 2021
Crown Resorts management “lied” and used delay tactics to stymie an investigation into the 2016 arrests of 19 China-based staff, the Victorian gambling regulator told the Crown Resorts royal commission on Monday.
Timothy Bryant, an investigator at the gambling watchdog, told the Victorian inquiry that Crown’s stonewalling meant it took longer to uncover the truth about the gambling giant’s failure to protect its staff, 16 of whom were jailed for illegally promoting gambling in China.
“I certainly consider that they [Crown], at times, they lied to me at interviews about what they were aware of and what they weren’t aware of,” Mr Bryant revealed to the inquiry, which is examining Crown’s suitability to hold its Melbourne casino licence. Continue reading “Article: Crown ‘lied’ in Victoria, evidence of money laundering in Perth”
An investigation being undertaken by the Serious Fraud Office (SFO) of the government of the United Kingdom may shed light on to what extent metals producer the GFG Alliance has been affected by the former Greensill Capital, or to what extent the two firms worked in tandem to create financial irregularities.
As British Columbia (BC), more than a decade later, still tries to get to the bottom of a massive casino money-laundering saga, it seems that there are more questions than answers being raised. The government-led inquiry, dubbed the Cullen Commission, into how hundreds of millions of dollars could have been allegedly laundered right under regulators’ and casino executives’ noses without their knowledge has shed light on a series of failures in the industry. However, it isn’t any closer to wrapping up. It might not be for some time to come, as certain people involved at the highest levels allegedly have a difficult time providing accurate and consistent stories. One of these is Rich Coleman, a former BC gaming minister, who seems to have trouble sticking to his story. 
Hong Kong – The Hong Kong stock exchange halted trading of Next Digital shares Monday at the media company’s request after authorities froze assets belonging to its founder, Jimmy Lai, who has been a high-profile voice in the the territory’s pro-democracy movement.
According to data from ByBit, there has been $2.38 billion in total liquidations over the past 24 hours. Over half of that total, or $1.26 billion, has been from bitcoin positions as the asset has continued its free fall.
China’s stock market regulator has started an investigation into alleged price manipulation, vowing to crack down on illegal activities to protect the nation’s 180 million mainly retail investors.
The Victorian Royal Commission into the suitability of Crown Resorts to hold a casino licence in Melbourne commenced today.
Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its prime brokers in late March), one filing was of particular interest, that of Scion Asset Management’s Michael “Big Short” Burry. And boy were there surprises.
S&P Dow Jones Indices has settled with the SEC over charges that it published stale valuations of a volatility-related index. 
The Adidas pay scandal is still on-going and new documents released today allege that former Adidas rep, Chris Rivers, paid the family of former Duke star Zion Williamson, as well as other athletes, by laundering money from Adidas through another company that he controlled, per Jason Riley of WDRB.
A Dutch court has agreed to hand over to Poland a gang boss laundering money for Colombian drug cartels.
The Serious Fraud Office will start a criminal probe into Sanjeev Gupta’s GFG Alliance just as the beleaguered British prosecutor faces intense criticism for its inability to secure a high-profile conviction.
The UK government’s online safety bill will “fail to protect millions” by leaving people at risk of falling victim to cloned websites and adverts paid for by fraudsters, experts warned this week.