Article: The Global Intelligence Files

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The Global Intelligence Files

Wikileaks, 02 Aug 2021

On Monday February 27th, 2012, WikiLeaks began publishing The Global Intelligence Files, over five million e-mails from the Texas headquartered “global intelligence” company Stratfor. The e-mails date between July 2004 and late December 2011. They reveal the inner workings of a company that fronts as an intelligence publisher, but provides confidential intelligence services to large corporations, such as Bhopal’s Dow Chemical Co., Lockheed Martin, Northrop Grumman, Raytheon and government agencies, including the US Department of Homeland Security, the US Marines and the US Defence Intelligence Agency. The emails show Stratfor’s web of informers, pay-off structure, payment laundering techniques and psychological methods.

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Article: Operation HAECHI-I intercepts $83M in online financial crimes

Article - Media, Publications

Operation HAECHI-I intercepts $83M in online financial crimes

Help Net Security, 02 June 2021

Amid an exponential increase in online fraud, an INTERPOL-coordinated operation codenamed HAECHI-I mobilized more than 40 specialized law enforcement officers across the Asia Pacific region. Over six months of coordinated intelligence collection and joint operations, police were able to intercept a total of $83 million in illicit funds transferred from victims to the perpetrators of cyber-enabled financial crime.

Officially concluding last week, Operation HAECHI-I focused particularly on five types of online financial crime: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion and voice phishing. Continue reading “Article: Operation HAECHI-I intercepts $83M in online financial crimes”

Article: Asian Police Seize $83 Million in Operation Against Online Financial Crime

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Asian Police Seize $83 Million in Operation Against Online Financial Crime

ISOBEL VAN HAGEN, 01 June 2021

Focusing on romance scams, online sextortion, investment fraud, voice phishing and money laundering associated with illegal online gambling, police in nine Asian countries arrested more than 500 suspects and seized US$83 million, Interpol said on Thursday.

Authorities worldwide have repeatedly warned that online fraud is continuing to increase and have stepped up joint efforts to fight it.

This operation, codenamed “HAECHI-I,” assembled law enforcement across Cambodia, China, Indonesia, Korea, Laos, The Philippines, Singapore, Thailand, and Vietnam. Between September 2020 and March 2021, they opened more than 1,400 investigations of online fraud and while many of the cases remain ongoing, Interpol said, 892 cases have been solved. Continue reading “Article: Asian Police Seize $83 Million in Operation Against Online Financial Crime”

Article: Interpol intercepts $83 million fighting financial cyber crime

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Interpol intercepts $83 million fighting financial cyber crime

Sergiu Gatlan, 30 May 2021

The Interpol (short for International Criminal Police Organisation) has intercepted $83 million belonging to victims of online financial crime from being transferred to the accounts of their attackers.

Over 40 law enforcement officers specialized in fighting cybercrime across the Asia Pacific region took part in the Interpol-coordinated Operation HAECHI-I spanning more than six months.!–more–>

Between September 2020 and March 2021, law enforcement focused on battling five types of online financial crimes: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion, and voice phishing.

The stolen funds were blocked from getting into the scammers’ accounts following multiple joint operations and months of collecting intelligence on the attackers’ operations.

Throughout Operation HAECHI-I, Interpol agents opened over 1,400 investigations targeting cybercrime in the Asia Pacific region (i.e., Cambodia, China, Indonesia, Korea, Laos, The Philippines, Singapore, Thailand, and Vietnam), with 892 cases having already been solved and the rest still being investigated.

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Article: No closure yet for BW scandal

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No closure yet for BW scandal

Raul J. Palabrica , 25 May 2021

Finally, after more than two decades, a trial court has rendered a decision on a scandal that almost caused the collapse of the Philippine stock market in 1999.

The court found Johnny Yap, then president of Solar Securities Inc., a stockbroker, guilty of stock manipulation of the shares of BW Resources Corp., a listed gaming company, and sentenced him to 14 years in prison and to pay a fine of P1 million.

The evidence presented showed that Yap engaged in the sale and purchase of BW stocks 142 times through parties with common owners. Continue reading “Article: No closure yet for BW scandal”

Article: Stock broker gets 14 years jail time for BW stock price manipulation

Article - Media, Publications

Stock broker gets 14 years jail time for BW stock price manipulation

Doris Dumlao-Abadilla, 22 May 2021

MANILA, Philippines – The Pasig Regional Trial Court has convicted a local stock broker of illegal stock trading in relation to the BW Resources stock price manipulation scandal 22 years ago.

Johnny Yap, then president, sales manager and director of Solar Securities Inc., was sentenced to 14 years in jail and ordered to pay a fine of P1 million for illegal trades that led to a 1,462-percent surge in the stock price of BW, a loss-making gaming stock.kIn a decision dated May 7, Pasig RTC Branch 67 found guilty beyond reasonable doubt of violation of Section 26(a)(I)(1) of the Revised Securities Act, now Section 24.1(a)(i) of the Securities Regulation Code (SRC). Continue reading “Article: Stock broker gets 14 years jail time for BW stock price manipulation”