What to know about the real estate tycoon sentenced to death in Vietnam’s largest fraud case

[ad_1] HANOI, Vietnam — A Vietnamese real estate tycoon was sentenced to death Thursday in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation. Truong My Lan, a high-profile businesswoman who chaired a sprawling company that developed luxury apartments, hotels, offices and shopping malls, … Read more

Lebanon’s billionaire prime minister denies allegations of money laundering in France

[ad_1] FILE – Lebanese caretaker Prime Minister Najib Mikati speaks during a conference announcing a French reconstruction plan for the Beirut Port, in Beirut, Lebanon, Wednesday, March 13, 2024. Mikati has denied all allegations of money laundering after a complaint was filed in France by two anti-corruption groups this week. The complaint against Najib Mikati … Read more

British billionaire Joe Lewis may dodge prison time at his sentencing for insider trading

[ad_1] NEW YORK — British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, is set to be sentenced Thursday after pleading guilty to insider trading and conspiracy charges in New York. Federal prosecutors in Manhattan had plenty of stern words to say about the 87-year-old’s crimes in court papers, but they … Read more

Alex Murdaugh gets 40 years in federal prison for stealing from clients and his law firm

[ad_1] CHARLESTON, S.C. — For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. Murdaugh was punished — this time in federal court — for stealing from clients and … Read more

The Bankman-Fried verdict, explained

[ad_1] NEW YORK — Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world’s second most popular place to trade digital currency. It collapsed almost as quickly. By the fall of 2022, it was bankrupt. Prosecutors soon charged Bankman-Fried with misappropriating billions of dollars in FTX customer deposits. They … Read more

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

[ad_1] Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being convicted of fraud for stealing at least $10 billion from customers and investors. The collapse of one of the … Read more

US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution

[ad_1] NEW YORK — A top U.S. prosecutor announced criminal charges Tuesday against a once-ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws. U.S. Attorney Damian Williams said conspiracy charges against KuCoin and two executives should … Read more

China jails sports officials convicted of taking bribes

[ad_1] BEIJING — The former president of the Chinese Football Association has been sentenced to life in prison amid a wide-ranging crackdown on sports corruption. Chinese courts on Tuesday handed down sentences of between eight years and life in prison to officials in the Communist Party-controlled sports programs, accusing them of taking bribes and committing … Read more

US Treasury official pushes Lebanon to halt the flow of funding to Hamas

[ad_1] BEIRUT — A top U.S. Treasury official visiting Beirut this week pressed Lebanese authorities to prevent funds from being funneled to Hamas by way of Lebanon, officials said. Jesse Baker, deputy assistant secretary of the Treasury for Asia and the Middle East in the Office of Terrorist Financing and Financial Crimes, met with Lebanese … Read more

China’s top court, prosecutors report surging cyberscams, stress protecting national security

[ad_1] BEIJING — China saw large increases in arrests and cases of phone and internet scams last year, according to reports presented Friday to the National People’s Congress that stressed the ruling Communist Party’s determination to safeguard national security and public order. A report issued by the Supreme People’s Procuratorate said the number of cases … Read more