Category: Law and Order
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Court Rules That Maltese FIAU Imposed Excessive Fine On Collapsed Satabank
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A fine imposed on the collapsed Bulgarian-owned laundromat Satabank plc by Malta’s Financial Intelligence Analysis Unit (FIAU) has been slashed from €327,500 to €68,000 after the bank appealed the penalty. The FIAU announced that a fine they had issued against the bank in October 2018 had been reduced by the…
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Vienna Bitcoin Ponzi Scheme Trial Ended With Prison Sentences!
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The main defendant, a 28-year-old, served five years in prison for aggravated commercial fraud. The sentences are not final. A 41-year-old co-defendant received two years’ imprisonment, three months of which were unconditional. The two had been accused of deceiving 79 investors in Austria from 2018 to 2019.