Article: London Money Laundering Raid Nets Almost $250 Million in Bitcoin

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London Money Laundering Raid Nets Almost $250 Million in Bitcoin

Patricia Claus, 13 July 2021

London’s Metropolitan police seized nearly £180 million ($248,993,100) of bitcoin on Saturday as part of a money laundering investigation.

The seizure, announced on Tuesday, is only the latest in a string of such raids, including the confiscation of £114 million ($157,567,950) of the cryptocurrency last month. Police spokesmen told the press that criminal organizations were using cryptocurrency, including bitcoin, as a way to launder their ill-gotten takings. Continue reading “Article: London Money Laundering Raid Nets Almost $250 Million in Bitcoin”

Article: AMC Stock: Hot Topics On The Planet Of The Apes

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AMC Stock: Hot Topics On The Planet Of The Apes

BERNARD ZAMBONIN AND DANIEL MARTINS, 13 July 2021

Apes have been accumulating some losses lately, as AMC stock (AMC) – Get Report moves progressively lower in July. Share price has dropped by almost 20% drop in the last five days alone, possibly suggesting that short sellers remain firmly positioned against the movie theater stock.

Today, Wall Street Memes presents some of the main topics of discussion among the most fervent apes regarding AMC stock. Continue reading “Article: AMC Stock: Hot Topics On The Planet Of The Apes”

Article: JP Morgan warns hedge funds to expect intraday margin calls

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JP Morgan warns hedge funds to expect intraday margin calls

Nell Mackenzie, 13 July 2021

JP Morgan is warning hedge fund clients that it will demand they post more cash at any time during the day if their trades lose value.

The biggest US bank by assets called clients of its prime brokerage division in the aftermath of the collapse of Archegos Capital Management, according to three people familiar with the matter. JP Morgan told the hedge funds and family offices that they would have to post more collateral on their single-name equity swap positions if they lost value intraday.

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Article: Three Sued Over Blockchain Firm Trading

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Three Sued Over Blockchain Firm Trading

Matthew Heller, 12 July 2021

The controlling shareholder of Long Blockchain has been charged with tipping off his broker about the company’s pivot to blockchain technology before it was publicly announced.

The U.S. Securities and Exchange Commission said Eric Watson, a New Zealand national, engaged in an insider trading scheme with Oliver Barret-Lindsay, his friend and broker, and stock promoter Gannon Giguiere, that allegedly resulted in Giguiere making a profit of $162,500 on Long Blockchain shares.

According to the SEC, Watson tipped off Lindsay in December 2017 that the company formerly known as Long Island Tea would be switching from making iced tea and lemonade to providing blockchain technology and Lindsay passed the tip on Giguiere. Continue reading “Article: Three Sued Over Blockchain Firm Trading”

FNGR and GTII update

Commentary

Alert Reader Comment:

1). FNGR. The Chinese are cracking down on Big CompaniesThat are listed in USA that have BIG DATA on their own. FNGR does not have DATA but the right to analyze it. Their partners with the Data are the Chinese Telecoms 1.6B People with Phones. THEY ARE the Chosen one by the CHINESE GOVT
They will be the biggest in the world You want to buy Data on the Chinese Guess where you have to get it.

The Naked short continues to play 3,600,000 to cover now maybe he thought this crackdown would help him out NOW WHAT?

2) GTII naked short continues to sell, 93,000 more on Friday. But this stock has a very different feeling now. New People keep Calling and buying. Like they know it’s going to go soon. I have Been contacted by a shareholder who has a friends who have Huge YouTube followers and they are doing a report on the potential of a major squeeze Stock has a STRONG VIBE again maybe its merger time or the Picasso or Maybe the SEC something is up.

I stopped adding and will just stick with 72,000,000 in the last 20 days they sold about 1.8M. So the # grows
And grows and Like I said he is all in ONLY way out is up and they will just walk away from this mess once it starts

Today’s squeeze names SGOC up another $4. And TPST up $22

When the Markets go down SHIT stocks go up. You know what I mean

Article: NAB and CBA exposed over PNG money laundering

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NAB and CBA exposed over PNG money laundering

Angus Grigg, 12 July 2021

The largest lender in the Pacific, BSP Financial Group, has been ordered to remove senior managers following breaches of anti-money laundering laws in Papua New Guinea, putting further pressure on Commonwealth Bank of Australia and National Australia Bank to cut ties with the troubled institution.

BSP, which listed on the ASX in May and trades as the Bank of South Pacific, was found by the PNG regulator to have committed dozens of violations of anti-money laundering laws, running to thousands of individual breaches. Continue reading “Article: NAB and CBA exposed over PNG money laundering”

Article: UK faces severe money laundering threats

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UK faces severe money laundering threats

LLB EDITOR , 12 July 2021

Leading UK RegTech specialist SmartSearch has warned the UK could be left behind in the fight against money laundering and financial fraud, if it fails to coordinate with the new agency being formed by the EU.

It has emerged that the European Commission will launch the Anti-Money Laundering Authority (AMLA) as part of a raft of measures contained in its action plan, set to be revealed on July 20. Continue reading “Article: UK faces severe money laundering threats”

Article: For democracy, it’s a time of swimming against the tide

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For democracy, it’s a time of swimming against the tide

Tim Sullivan, 12 July 2021

The old Nicaraguan revolutionary, with his receding hairline and the goatee that he had finally let turn grey, spoke calmly into the camera as police swarmed toward his house, hidden behind a high wall in a leafy Managua neighborhood. Surveillance drones, he said, were watching overhead.

Decades earlier, Hugo Torres had been a revered guerrilla in the fight against right-wing dictator Anastasio Somoza. In 1974, he’d taken a group of top officials hostage, then traded them for the release of imprisoned comrades. Among those prisoners was Daniel Ortega, a Marxist bank robber who would become Nicaragua’s elected president and later its authoritarian ruler. Continue reading “Article: For democracy, it’s a time of swimming against the tide”

Article: Ten Long Island Residents Charged in Nationwide Identity Fraud Scheme

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Ten Long Island Residents Charged in Nationwide Identity Fraud Scheme

Law Firm Newswire, 12 July 2021

Thirteen people and three corporations were charged on a 108-count indictment in relation to a nationwide synthetic identity fraud scheme that netted over $1 million from financial institutions. Authorities believe the defendants also amassed a credit limit of hundreds of millions of dollars across the United States.

The scam’s alleged mastermind was Adam D. Arena, 43, of Corona, California. He is facing multiple counts of grand larceny and money laundering, among other charges. The other defendants, including ten residents of Suffolk County, Long Island, were charged with grand larceny. Three corporations were charged with money laundering. Continue reading “Article: Ten Long Island Residents Charged in Nationwide Identity Fraud Scheme”

New Mexico State Investment Council v Bank of America

Filing

New Mexico State Investment Council v Bank of America

Since 2005, the Wall Street banks that comprise the major dealers of credit default swaps (“CDS”) have been engaged in a conspiracy to manipulate the CDS “final auction price,” the benchmark price used to value all CDS contracts market-wide at settlement.

PDF (133 pages): New Mexico State Investment Council v Bank of America

Article: The ‘king of fraud’ who commanded an army of millions

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The ‘king of fraud’ who commanded an army of millions

Joel Khalili, 11 July 2021

Earlier this year, the self-described “king of fraud” stood trial in a federal court in Brooklyn, New York. Aleksandr Zhukov was said to have defrauded the advertising industry of upwards of $7 million dollars, in what has been described as one of the most sophisticated ad fraud campaigns to date.

Although he pled not guilty, unlike his co-conspirators, Zhukov was ultimately convicted of four charges related to wire fraud and money laundering, and now awaits sentencing. Continue reading “Article: The ‘king of fraud’ who commanded an army of millions”

Article: Feds indict ‘The Bull’ for selling insider trading info on the dark web

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Feds indict ‘The Bull’ for selling insider trading info on the dark web

Richard Lawler, 10 July 2021

Nearly four years after the lights went out at AlphaBay, the feds are still charging people with criminal activities linked to the dark web marketplace. On Friday the SEC and the Department of Justice announced charges against Apostolos Trovias, a Greek national who they allege posted on dark web marketplaces using the nickname “The Bull.”

However, unlike drug dealers targeted in previous actions, the authorities allege Trovias used dark web forums as a way to troll for people willing to buy or sell insider trading information while hiding behind “anonymizing software, screen names, and bitcoin payments.” Continue reading “Article: Feds indict ‘The Bull’ for selling insider trading info on the dark web”

Article: RSF man dealt $337 million fraud, DOJ says

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RSF man dealt $337 million fraud, DOJ says

Special to The Grapevine, 10 July 2021

The United States District Court for the Northern District of California this week unsealed an indictment returned by a federal grand jury in San Francisco charging Rancho Santa Fe resident Racho Jordanov with conspiracy to commit trade secret theft and wire fraud, international money laundering, and related charges including obstruction of justice.

Jordanov was the co-founder and former Chief Executive Office of JHL Biotech. He was charged along with Rose Lin, another of the company’s co-founders and former Chief Operating Officer Continue reading “Article: RSF man dealt $337 million fraud, DOJ says”

Article: Malaysia, 1MDB seeks more than $ 5.6 billion in damages from KPMG partners

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Malaysia, 1MDB seeks more than $ 5.6 billion in damages from KPMG partners

Rosanna Zambon and Liz Lee, 10 July 2021

Kuala Lumpur (Reuters)-Malaysia Development Berhad (1MDB), a Malaysian government and state fund, has sought more than $ 5.6 billion in damages from KPMG partners on suspicion of violations and negligence related to corruption scandals at the fund. A court document seen by Reuters showed.

Audit firm KPMG denied the allegations on Friday, promising to “violently” challenge the proceedings filed against 44 current and previous partners, and auditing 1MDB’s financial statements from 2010 to 2012. Linked to.

The proceedings confirmed by the Treasury on Tuesday are the latest in a series of proceedings filed by Malaysian authorities to recover the billions of dollars missing from 1MDB, worldwide. Continue reading “Article: Malaysia, 1MDB seeks more than $ 5.6 billion in damages from KPMG partners”