Tag #Financial Crime

Showing 181 to 192 of 213 results

zeit.de

🌐 75% Global Worthiness

Jan 8, 19:08

German Pellets Insolvency Trial Nears End with Plea Bargain

A plea bargain in the German Pellets insolvency trial could let the former CEO avoid prison if convicted; the deal hinges on accepting November 15, 2015, as the insolvency date, dropping earlier charges; investors lost about €260 million.

German Pellets Insolvency Trial Nears End with Plea Bargain

A plea bargain in the German Pellets insolvency trial could let the former CEO avoid prison if convicted; the deal hinges on accepting November 15, 2015, as the insolvency date, dropping earlier charges; investors lost about €260 million.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What is the key outcome of the plea bargain in the German Pellets insolvency case, and what are its immediate implications for the former CEO?

The German Pellets insolvency trial is nearing its end. A plea bargain has been reached, allowing the former CEO to potentially avoid prison time if convicted. Details are still being finalized before the next hearing on January 30th, with a verdict expected no earlier than late April.

welt.de

🌐 85% Global Worthiness

Jan 2, 10:09

Germany's Slow Cum-Ex/Cum-Cum Recovery: Systemic Issues and Call for Reform

Former German prosecutor Brorhilker criticizes the slow recovery of billions of euros lost to Cum-Ex and Cum-Cum tax schemes due to insufficient inter-agency cooperation, lack of specialized expertise, and data stored abroad; she calls for a central authority to combat financial crime.

Germany's Slow Cum-Ex/Cum-Cum Recovery: Systemic Issues and Call for Reform

Former German prosecutor Brorhilker criticizes the slow recovery of billions of euros lost to Cum-Ex and Cum-Cum tax schemes due to insufficient inter-agency cooperation, lack of specialized expertise, and data stored abroad; she calls for a central authority to combat financial crime.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the main obstacles hindering the effective prosecution of Cum-Ex and Cum-Cum tax schemes in Germany, and what is their impact on the recovery of stolen tax money?

A former top German prosecutor, Brorhilker, criticized the slow progress in recovering billions of euros lost to Cum-Ex and Cum-Cum tax schemes. She highlights the difficulty in prosecuting these crimes due to banks' data being stored abroad, making investigations challenging and highlighting a lack of cooperation between German authorities. The state has recovered only a small fraction of the lost funds.

forbes.com

🌐 75% Global Worthiness

Dec 31, 19:10

Court Halts Corporate Transparency Act Enforcement, Leaving Business Owners in Limbo

A Texas court temporarily blocked enforcement of the Corporate Transparency Act's beneficial ownership reporting requirement, but the Treasury Department is appealing, leaving businesses uncertain about their filing obligations.

Court Halts Corporate Transparency Act Enforcement, Leaving Business Owners in Limbo

A Texas court temporarily blocked enforcement of the Corporate Transparency Act's beneficial ownership reporting requirement, but the Treasury Department is appealing, leaving businesses uncertain about their filing obligations.

Progress

44% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What are the potential consequences for businesses that fail to comply with the CTA's beneficial ownership reporting requirements?

The CTA aims to deter money laundering and terrorism financing by requiring businesses to disclose their true owners. Non-compliance could result in $10,000 fines and/or two years imprisonment if the CTA is ultimately deemed enforceable.

pda.msk.kp.ru

🌐 75% Global Worthiness

Dec 27, 10:07

Moscow Woman Loses Apartment in Suspicious Low-Value Auction

A Moscow woman, Elena Shapoval, lost her apartment at a drastically undervalued auction after accumulating debt from a 2007 foreign currency mortgage; the auction's legitimacy is under investigation by the Investigative Committee due to suspicious circumstances.

Moscow Woman Loses Apartment in Suspicious Low-Value Auction

A Moscow woman, Elena Shapoval, lost her apartment at a drastically undervalued auction after accumulating debt from a 2007 foreign currency mortgage; the auction's legitimacy is under investigation by the Investigative Committee due to suspicious circumstances.

Progress

56% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What immediate consequences resulted from the auction of Elena Shapoval's apartment, and what is its broader significance for other mortgage holders in Russia?

In Moscow, Elena Shapoval, a 55-year-old woman, faces eviction after her apartment was sold at auction for significantly less than its market value due to a large debt accrued from a 2007 foreign currency mortgage. The auction was allegedly conducted fraudulently, with only two bidders raising the price by a minimal amount in a short time span, leading to the apartment's sale for 6.125 million rubles despite a market value of around 11 million rubles.

lexpress.fr

🌐 85% Global Worthiness

Dec 22, 10:06

AI-Driven Investment Scams Surge on Social Media

AI-powered investment scams are proliferating on social media, using fake websites, celebrity endorsements, and promises of unrealistic returns to defraud victims of millions of euros; in December alone, Meta's ad library showed over 400 active ads linked to suspicious sites.

AI-Driven Investment Scams Surge on Social Media

AI-powered investment scams are proliferating on social media, using fake websites, celebrity endorsements, and promises of unrealistic returns to defraud victims of millions of euros; in December alone, Meta's ad library showed over 400 active ads linked to suspicious sites.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do these scams exploit current technological trends to deceive victims?

Fraudsters leverage current technological trends, like AI, to enhance their scams' credibility. This tactic, combined with the use of celebrity endorsements and fake websites, makes these schemes increasingly difficult to detect. The widespread nature of these ads, reaching thousands, underscores the scale of the problem.

theglobeandmail.com

🌐 75% Global Worthiness

Dec 20, 04:10

Canada's Weak Response to Financial Crime Jeopardizes National Security

Canada's fall economic statement proposes increasing financial penalties for financial crimes fortyfold and creating a new task force, but these measures are insufficient to address systemic issues, jeopardizing its national security and trade relations with the U.S.

Canada's Weak Response to Financial Crime Jeopardizes National Security

Canada's fall economic statement proposes increasing financial penalties for financial crimes fortyfold and creating a new task force, but these measures are insufficient to address systemic issues, jeopardizing its national security and trade relations with the U.S.

Progress

60% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How do the proposed measures in the fall economic statement address the underlying causes of Canada's vulnerability to money laundering and terrorist financing?

The proposed measures, including a fortyfold increase in financial penalties and a new task force, are inadequate to address the systemic issues. The maximum penalty for a bank is capped at 3 percent of annual revenue, a small amount compared to their earnings. The suggested shift to suspicious activity reports, as used in the U.S. and the U.K., is ignored, limiting investigative effectiveness.

faz.net

🌐 90% Global Worthiness

Jan 2, 13:08

Cum-Ex Schemes Continue to Defraud Germany Despite Legal Changes

Former Cologne prosecutor Brorhilker reveals that Cum-Ex schemes, costing Germany at least €10 billion between 2006-2011, persist despite a 2012 law, facilitated by data stored in foreign jurisdictions with weak legal protections; she advocates for a centralized German authority to combat such finan...

Cum-Ex Schemes Continue to Defraud Germany Despite Legal Changes

Former Cologne prosecutor Brorhilker reveals that Cum-Ex schemes, costing Germany at least €10 billion between 2006-2011, persist despite a 2012 law, facilitated by data stored in foreign jurisdictions with weak legal protections; she advocates for a centralized German authority to combat such finan...

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate and specific consequences of the continued occurrence of Cum-Ex and Cum-Cum schemes despite legal changes?

Between 2006 and 2011, Cum-Ex schemes cost German taxpayers an estimated €10 billion. Despite a 2012 law change, these schemes, involving the illegal refund of taxes, continued. A foundation established in 2016 exemplifies the ongoing nature of this tax fraud.

welt.de

🌐 75% Global Worthiness

Jan 2, 10:09

Thuringia Phone Scams: €4.5 Million in Losses by November 2024

By the end of November 2024, phone scams in Thuringia, Germany, caused approximately €4.5 million in losses, exceeding the €4.4 million total for 2023; 3200 cases were reported in 2024, with scammers succeeding in 500.

Thuringia Phone Scams: €4.5 Million in Losses by November 2024

By the end of November 2024, phone scams in Thuringia, Germany, caused approximately €4.5 million in losses, exceeding the €4.4 million total for 2023; 3200 cases were reported in 2024, with scammers succeeding in 500.

Progress

16% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What were the most common methods employed by the scammers, and how much money was stolen using each method?

The increase in financial losses despite a lower number of reported cases suggests improved efficiency in the scams. The most common tactic involved "shock calls" falsely claiming family accidents, while others impersonated bank employees to gain online banking access and steal €2.66 million via this method alone.

cnnespanol.cnn.com

🌐 85% Global Worthiness

Dec 27, 04:07

FTX Executives Receive Reduced Prison Sentences for Good Conduct

Former FTX executives Ryan Salame and Caroline Ellison received reduced prison sentences due to good conduct, with Salame's release date moved to March 1, 2031, and Ellison's to July 20, 2026, highlighting the impact of inmate behavior on sentence length.

FTX Executives Receive Reduced Prison Sentences for Good Conduct

Former FTX executives Ryan Salame and Caroline Ellison received reduced prison sentences due to good conduct, with Salame's release date moved to March 1, 2031, and Ellison's to July 20, 2026, highlighting the impact of inmate behavior on sentence length.

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the specific impacts of the reduced prison sentences for Salame and Ellison, and what does this reveal about the US prison system?

Ryan Salame's and Caroline Ellison's prison sentences for their roles in the FTX cryptocurrency fraud have been reduced. Salame, a former FTX executive, will be released on March 1, 2031, over a year earlier than initially scheduled. Ellison, former Alameda Research CEO, will be released on July 20, 2026, three months ahead of schedule.

dw.com

🌐 75% Global Worthiness

Dec 25, 19:07

Russia Creates Platform to Combat Money Laundering via Data Sharing

The Bank of Russia is creating a platform to share data on suspicious individual transactions with all credit institutions to combat money laundering, aiming to make using banks in such schemes economically unviable; banks largely support this initiative, but concerns about potential misidentificati...

Russia Creates Platform to Combat Money Laundering via Data Sharing

The Bank of Russia is creating a platform to share data on suspicious individual transactions with all credit institutions to combat money laundering, aiming to make using banks in such schemes economically unviable; banks largely support this initiative, but concerns about potential misidentificati...

Progress

40% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What are the potential long-term consequences of this new system for both legitimate financial activities and the privacy rights of individuals in Russia?

The system may lead to increased scrutiny of financial transactions, potentially impacting the privacy of individuals. While aiming to combat illicit activities, the possibility of errors and the need for a rehabilitation process for mistakenly flagged clients should be addressed. The effectiveness of the system will hinge on the accuracy of algorithms and the compliance efforts of participating banks.

forbes.com

🌐 85% Global Worthiness

Dec 20, 19:10

Apple Employees Indicted in Matching Gift Program Fraud Scheme

Six former Apple employees were indicted for defrauding Apple's matching gift program of $152,000 by falsely claiming donations to two sham charities; this is one of several cases highlighting a vulnerability in corporate matching gift programs.

Apple Employees Indicted in Matching Gift Program Fraud Scheme

Six former Apple employees were indicted for defrauding Apple's matching gift program of $152,000 by falsely claiming donations to two sham charities; this is one of several cases highlighting a vulnerability in corporate matching gift programs.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do these fraudulent schemes exploit the mechanisms of corporate matching gift programs, and what are the broader consequences for both companies and legitimate charities?

This Apple case, along with similar instances involving United Technologies Corporation, a Georgia man, and Bank of America, reveals a pattern of fraud targeting corporate matching gift programs. These programs, intended to foster goodwill and support nonprofits, are susceptible to schemes involving fake charities and falsified donation claims.

bbc.com

🌐 75% Global Worthiness

Dec 19, 01:10

Rogue Builder Jailed for £1.6m Home Improvement Fraud

A West Midlands rogue builder, Adam Jones, was jailed for three years and nine months for defrauding homeowners of £1.6 million through Advannnced Construction Ltd. between April 2021 and June 2023; he used their payments to fund a lavish lifestyle, leaving victims with incomplete or defective work.

Rogue Builder Jailed for £1.6m Home Improvement Fraud

A West Midlands rogue builder, Adam Jones, was jailed for three years and nine months for defrauding homeowners of £1.6 million through Advannnced Construction Ltd. between April 2021 and June 2023; he used their payments to fund a lavish lifestyle, leaving victims with incomplete or defective work.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did Adam Jones use the funds obtained through fraudulent contracts, and what specific tactics did he employ to maintain his scheme?

Jones's fraudulent activities involved mis-selling home improvements through Advannnced Construction Ltd. between April 2021 and June 2023. He employed aggressive sales tactics, demanding weekly payments even without work completion, and resorting to intimidation when challenged. The court heard how one victim paid over £70,000 for an unfinished extension, now requiring an additional £130,000 to complete.

Showing 181 to 192 of 213 results