Category: Law and Order
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Epstein Accusers Sue JP Morgan And Deutsche Bank, Claiming Banks Profited From Sex Trafficking!
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Two anonymous women accusing the late Jeffrey Epstein of sexual abuse have filed separate civil lawsuits against JP Morgan Chase & Co. and Deutsche Bank AG, claiming the significant banks facilitated and financially benefited from Epstein’s alleged sex trafficking.
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Indian Police Arrest Two People Suspected Of Defrauding 1,400 Investors In An Alleged $12 Million Crypto Scam!
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Police in the western Indian state of Maharashtra have arrested two suspected of running a crypto scam that allegedly bilked more than 1,400 investors out of between $6 million and $12 million. So far, 24 investors have come forward claiming they were scammed out of $55,000. The arrests were made…
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Finally! Trial Against Wirecard Managers Starts Next Week!
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When the Wirecard trial begins on December 8, the main question will be: Who is responsible for the scandal? Markus Braun, the long-time chief executive officer (CEO) of the Wirecard Group, and Oliver Bellenhaus, the managing director of a Wirecard subsidiary in Dubai, will have to answer critical questions!
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Crypto Exchange Bitpanda Receives A BaFin License
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The German Federal Financial Supervisory Authority BaFin grants Bitpanda the “license for custody and proprietary trading of crypto assets”. The company, which is registered as Bitpanda Asset Management GmbH in Vienna, has thus officially received a license from the German securities regulator for the custody and proprietary trading of crypto…
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EFRI’s Fight Against Payvision And Its Former Management To Compensate Scam Victims!
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The European Funds Recovery Initiative (EFRI) filed a criminal complaint against Payvision and its former management, Rudolf Booker, Gijs op de Weegh, Cheng Liem Li. According to EFRI, the Amsterdam-based Fintech and licensed payment processor Payvision has been knowingly and willingly facilitating cybercrime and scams. Thus, Payvision would be liable…
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Unit21 Launches FinTech Fraud DAO To Combat Cybercrime!
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Unit21 and other U.S. consumer fintech community members have joined forces to launch the Fintech Fraud Decentralized Autonomous Organization (DAO). Participating fintechs include Brex, Chime, PrimeTrust, Yotta and Airbase. This decentralized network uses a collaborative approach to data sharing to detect and combat fraud. The DAO is expected to process…
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Nigerian Influencer “Hushpuppi” Was Jailed In The US For Money Laundering And Fraud!
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The 40-year-old social media influencer became known for a lavish lifestyle supported by money laundering. The Nigerian social media influencer who called himself Ray Hushpuppi and bragged about a lavish lifestyle supported by laundering millions of dollars was sentenced Monday in Los Angeles to more than 11 years in prison…
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After The Billion Exit Scam: Founder Of Thodex Arrested!
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Aruk Fatih Özer, founder and CEO of Turkish cryptocurrency exchange Thodex, which was shut down last year, has been arrested in the Albanian coastal city of Vlora. The Turkish interior minister announced on Tuesday. Özer, 28, is accused of disappearing with his customers’ money more than a year ago. Around…
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Malaysia Establishes National Scam Response Center to Fight Cybercrime!
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The Malaysian government has established a National Scam Response Center (NSRC) to improve inter-agency coordination and enable rapid response to online financial fraud. The command centre is a joint effort between the National Anti-Financial Crime Center (NFCC), Polis Diraja Malaysia (PDRM), Bank Negara Malaysia (BNM), the Malaysian Communications and Multimedia…
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U.S. SEC Files Charges Against $295 Crypto Ponzi Scheme Trade Coin Club!
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The U.S. Securities and Exchange Commission (SEC) has filed charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club. This fraudulent crypto Ponzi scheme collected more than 82,000 Bitcoin worth $295 million from more than 100,000 investors worldwide. Like all…