Featured Fraud

Nigerian politician fights UK money laundering conviction over stolen millions

James Ibori, the former governor of Nigeria’s oil-rich Delta State, has challenged a British court ruling which convicted him of laundering stolen public funds. Ibori is alleged to have used the money to acquire various assets. He reportedly owned houses in the US and UK, luxury brand cars and was… Read More

Ponzi scheme suspect paid $720K for prayers amid SEC probe

AP — An investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme spent nearly three-quarters of a million dollars on prayers by Hindu priests in India to ward off a federal investigation and save her failing business, according to testimony at her trial this week. Using… Read More

George Pearmain, lead policy adviser on financial crime for Jersey, on his concerns and priorities for the Island

George Pearmain, lead policy adviser on financial crime for Jersey, on the past successes and future challenges for the island's financial crime prevention regime. Read More
19th October 2018
Brits looking for love are at risk of losing thousands of pounds to romance scams or ‘rom-cons’, according to Barclays Bank, which said it has conducted new research on the form of fraud. Romance scams occur when someone is convinced to make a payment to a person they have… Read More
18th October 2018
James Ibori, the former governor of Nigeria’s oil-rich Delta State, has challenged a British court ruling which convicted him of laundering stolen public funds. Ibori is alleged to have used the money to acquire various assets. He reportedly owned houses in the US and UK, luxury brand cars and was… Read More
18th October 2018
AP — A fine art consultant in New York and an interior designer in Florida stole an elderly woman’s identity and used it to bid millions of dollars on famous paintings and defraud the renowned Sotheby’s auction house, federal prosecutors allege in court filings. Joakim von… Read More
17th October 2018
AP — German law enforcement authorities added another chapter to Volkswagen’s diesel scandal Tuesday by fining the company’s luxury division Audi 800 million euros ($925 million) for selling cars rigged to cheat on emissions tests. Prosecutors in Munich said Tuesday that the fine was imposed because… Read More
15th October 2018
The United Kingdom is to produce a new format of its £50 note which it said will make it harder for criminals to counterfeit, amid a rising demand for the denomination. According to a government statement, Bank of England evidence shows that demand for the note is ‘continuing to rise.’… Read More
15th October 2018
AP — An investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme spent nearly three-quarters of a million dollars on prayers by Hindu priests in India to ward off a federal investigation and save her failing business, according to testimony at her trial this week. Using… Read More
8th October 2018
AP — A well-known northern Virginia businessman has been charged with a $16 million fraud scheme. Federal prosecutors in Alexandria say 53-year-old Todd Hitt of Fairfax falsely claimed to investors that he managed $1.4 billion in assets as part of his financial company, Kiddar Capital. The… Read More
5th October 2018
AP — North Korea’s nuclear and missile tests have stopped, but its hacking operations to gather intelligence and raise funds for the sanction-strapped government in Pyongyang may be gathering steam. U.S. security firm FireEye raised the alarm Wednesday over a North Korean group that it says… Read More
4th October 2018
A London court has dismissed a challenge brought by a banker’s wife against an unexplained wealth order (UWO) which demanded an explanation into how property worth millions of pounds was funded and bought. The National Crime Agency (NCA) alleged that the woman, who is classified as a Politically Exposed Person… Read More
3rd October 2018
AP — One of Israel’s most prominent businessmen has entered prison to begin a three-year term for securities fraud. Former IDB Holding Corp. controlling shareholder Nochi Dankner began his term Tuesday for his role in carrying out millions of dollars’ worth of fraudulent transactions in… Read More
Must Read

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More