Bolivia’s Ex Minister Charged in Bribery and Money Laundering Scheme
ISOBEL VAN HAGEN, 28 May 2021
Bolivia arrested its former interior minister earlier this week over an alleged bribery and money laundering scheme that enabled a U.S.-based company to secure a government contract, the U.S. Department of Justice announced on Wednesday.
Arturo Murillo, along with another former Bolivian official, Sergio Rodrigo Mendez, are accused of receiving bribes from a Florida-based company and later using the American financial system to launder those bribes. Three U.S. citizens were also charged in the scheme, which took place between November 2019 and April 2020. They were arrested in Florida and Georgia. Continue reading “Article: Bolivia’s Ex Minister Charged in Bribery and Money Laundering Scheme”
Anatomy of a hedge fund hack
Laurence Fletcher, 27 April 2021
It was only when John made a final phone call to confirm the transfer of about €10m to his family trust that he realised he was about to fall victim to a highly sophisticated financial scam.
A fraudster had spent two months pretending to be one of John’s business associates in order to gain his confidence and trick him into diverting a standard loan repayment to a different bank account.
Having obtained emails through an earlier hack of a financial services company in Liechtenstein, they studied the habits and conversational style of John’s business associate and then imitated him on email. Continue reading “Article: Anatomy of a hedge fund hack”