Three New York men arrested, accused of pulling off $30 million international bank heist
David K. Li, 23 April 2021
Three Brooklyn men were arrested and accused of stealing more than $30 million in cash and other valuables from safe deposit boxes in banks across Europe, federal authorities said.
A grand jury indictment charged Val Cooper, 56, Alex Levin, 52, and Garri Smith, 49, with money laundering conspiracy and violations of the Travel Act after a string of alleged thefts between March 2015 and October 2019 at banks in Ukraine, Russia, North Macedonia, Moldova, Latvia, Uzbekistan, Azerbaijan and France. Continue reading “Article: Three New York men arrested, accused of pulling off $30 million international bank heist”
Five people have been charged in federal court for their alleged involvement in two securities fraud schemes. According to prosecutors, the schemes involved an offering fraud of a Texas-based oil and gas company and the attempted manipulation of a cannabis company’s publicly traded stock. as part of a plan to deceive tax authorities.</p>
<p>Shah and a partner at his Solo Capital Partners LLP in 2011 sought to take advantage of the tax-exempt status of Ezra Academy in Queens for the trades, Hamburg prosecutors said in a February indictment seen by Bloomberg News. The men used “purportedly authentic” documents to buy shares on behalf of the school and claim refunds, prosecutors said. <a href=)
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The Reserve Bank of India restricted American Express Banking Corp. and Diners Club International Ltd. from adding new local customers, citing non-compliance with data-storage rules.
The German chancellor has appeared at a parliamentary inquiry to defend her decision to lobby on behalf of the disgraced banking firm Wirecard in China. The scandal is one of Germany’s biggest ever fraud cases.
In February 2019, after a steep drop in Wirecard’s share price, German authorities launched criminal probes into short-sellers and journalists who had accused the company of fraud, and banned investors from betting against the company.
Having the collateral to cover stock trading is important to oil the market cogs. With margin trading, it is critical, a lesson learned the hard way from “Bill” Hwang last month. From today, the SEC will decide which brokerages failed to cover their securities trading, and what punishments it will dish out.
Samsung Electronics chief Lee Jae-yong on Thursday denied all charges leveled against him during his first trial hearing on alleged irregularities surrounding his ascension to the helm of Samsung Group.
America’s decision to place India on its currency manipulator’s watchlist is ludicrous. The US Fed’s policy of keeping interest rates ultra-low, along with America’s allies in Europe and Japan, is responsible for both the dollar’s plunge and surging flows of capital to emerging markets, like India, in search of reasonable returns. These capital inflows make the rupee appreciate out of line with real economy concerns. Seen from India’s perspective, the US should be pointing fingers at itself when it comes to currency manipulation.