Banker held for alleged insider trading avoids case after deleting WhatsApp messages

2 days, 6 hours ago

Ex- FBI informant sentenced for lying about fake bribery story about Bidens

A former FBI informant who admitted to lying about US President Joe Biden and his son Hunter Biden's interactions with a Ukrainian energy company was sentenced to six years in prison on Wednesday, court records showed. Alexander Smirnov pleaded guilty last month to causing the creation of a false record after falsely telling his FBI handler that he had knowledge …

Biden Joe Biden Hunter Hunter Biden President Joe Burisma Smirnov

3 days, 6 hours ago

Hengelo crypto trader arrested after alleged multi-million fraud

NL Times

A controversial cryptocurrency trader from Hengelo, who is accused of losing millions of euros through speculative trading, was arrested this afternoon by police. The 24-year-old law student and promising football player allegedly defrauded nearly 300 individuals in a high-profile case that left many investors financially devastated, as reported by Oost Nieuws. The affair began almost exactly one year ago when …

Arrest Hengelo

3 days, 9 hours ago

Bitcoin Investor Ordered to Reveal Access Codes to $124 Million

Live Mint

-- An early Bitcoin investor sentenced last month to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes so US officials can unlock digital assets now valued at about $124 million. Frank Richard Ahlgren III, who owes the government about $1 million in restitution from the criminal case, must …

Court Bitcoin Million Ahlgren

1 week ago

SEBI bans Ketan Parekh again for new front-running scam allegations

Hindustan Times

Market regulator Securities and Exchange Board of India has banned former stock broker Ketan Parekh from buying and selling securities again. SEBI had investigated the trades undertaken by individuals and brokers associated with Parekh over a two-year period which ended on June 2023 Parekh was behind one of the worst financial scandals in India's history at the turn of the …

Trades Sebi Parekh

Sebi cracks down on Ketan Parekh in new front-running case

Live Mint

Mumbai: India’s market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh, convicted in 2008 for stock market manipulation, and Rohit Salgaocar, whose company facilitated these “illicit” trades that led to unlawful gains of ₹65.77 crore. Role of key accused “The evidence gathered, including digital footprints, WhatsApp chats, phone calls, and Bloomberg messages, suggests that Ketan Parekh …

India Trades Sebi Parekh Ketan Parekh Salgaocar Unlawful Gains

2 weeks, 6 days ago

Branch manager of a private bank among four arrested for stealing money from payment gateway company

The Hindu

The east division cyber crime police busted an online fraud racket and arrested four persons, including the branch manager of a private bank, in Rajkot in Gujarat in connection with accessing a payment gateway company’s website to withdraw ₹12.5 crore within two days. CRED, having their corporate nodal account at AXIS bank Indiranagar branch in Bengaluru, filed a complaint that …

Rajkot

3 weeks, 1 day ago

Public prosecutor stops criminal probe into bank executives

Dutch News

The public prosecution department has halted its investigation into a number of senior ING and ABN Amro staff in connection with their failure to prevent large scale money laundering at the banks several years ago. The probe started following a court case brought by activist Pieter Lakeman, who accused the bank’s senior staff, including ING chief executive Ralph Hamers of …

Ing Senior Staff

3 weeks, 3 days ago

Former CEO will not be prosecuted for money laundering scandal at ING

NL Times

The Public Prosecution Service has decided against prosecuting former ING CEO Ralph Hamers for his role in a money laundering scandal at the bank. "Although it must be concluded in retrospect that the measures taken internally by ING at the time were insufficient, the Public Prosecution Service concludes that the investigation has not yielded sufficient evidence that would justify the …

Money Laundering Hamers Money Laundering Scandal Laundering Scandal

3 weeks, 6 days ago

Bail refused for Kutch businessman who caused 150cr loss to bank

Hindustan Times

MUMBAI: A special PMLA court on Friday rejected the bail plea of Ramchand Issrani, a 64-year-old businessman from Gujarat, who was arrested in a money laundering case for allegedly cheating Union Bank of India. Bail refused for Kutch businessman who caused 150cr loss to bank In 2021, CBI had booked him for misappropriating funds and cheating Union Bank of India, …

High Court Bail Bank Cbi Union Bank Of India Issrani

4 weeks, 1 day ago

Ex-FBI informant accused of lying about Biden family business dealings to plead guilty, court filing says

Hindustan Times

By Sarah N. Lynch Ex-FBI informant accused of lying about Biden family business dealings to plead guilty, court filing says WASHINGTON -A former FBI informant who was charged by Special Counsel David Weiss with lying about President Joe Biden and his son Hunter's alleged business dealings with a Ukrainian energy company will plead guilty to one count of causing the …

Fbi Joe Biden Guilty Plea Hunter Biden Court Filing Burisma Smirnov

1 month ago

Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A former chairman of the …

China Bank Former Chairman Everbright

Baahubali-size crime: Producer, Santosh Sivan’s WhatsApp compromised

New Indian Express

CHENNAI: A new modus operandi of cybercriminals, involving taking control of victims’ WhatsApp accounts, has claimed a string of victims, the latest being Shobu Yarlagadda, producer of the 2015 Telugu film ‘Baahubali’, National Award-winning cinematographer Santosh Sivan and one of his assistants. Sivan too made a post on his Instagram on Friday morning stating, “Please don’t respond to any messages …

Victims Account Whatsapp Sivan Scamsters Crime Producer

1 month ago

Man held for ₹52.11 lakh share market scam

The Hindu

Thoothukudi cyber wing police have arrested a man from Kerala on charges of defrauding ₹52.11 lakh through share market trading scam via whatsapp. According to the police, the complainant, from KTC Nagar received a message in WhatsApp stating that money could be earned with huge profit through share market trading. The victim clicked the link and downloaded the application called …

Thoothukudi Whatsapp Share Market Trading

1 month, 1 week ago

Hyderabad man duped of Rs 8 crore by fraudsters posing as stock traders

India Today

Cyber Crime Police Station of the Telangana Cyber Security Bureau has arrested two individuals involved in a stock trading fraud that duped a man of Rs 8.14 crore in Hyderabad, officials said on Sunday. The incident came to light on October 21 when a resident of Hyderabad's Banjara Hills filed a complaint alleging that he had been lured into a …

Hyderabad Man Trading Fraud Rs 8

1 month, 2 weeks ago

VB nabs former manager for embezzling ₹34.92 lakh from Gramin Bank

Hindustan Times

The Punjab vigilance bureau on Friday arrested a former manager of Punjab Gramin Bank’s Bhano Langa branch in Kapurthala for allegedly embezzling ₹34.92 lakh. Punjab vigilance bureau on Friday arrested a former manager of Punjab Gramin Bank’s Bhano Langa branch in Kapurthala for allegedly embezzling ₹ 34.92 lakh The accused Pramod Kumar, a resident of Kundal village in Rajasthan’s Bikaner …

Kumar Kapurthala Former Manager Gramin Bank

1 month, 3 weeks ago

Archegos’s Bill Hwang sentenced to 18 years in prison for massive US fraud

Al Jazeera

Hwang had been convicted in July on 10 criminal charges including wire and securities fraud, market manipulation. Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn. Hwang was sentenced on Wednesday by United States District Judge Alvin Hellerstein in …

Prison James Hwang Hellerstein Archegos

1 month, 3 weeks ago

Rs 100-crore online trading scam on WhatsApp busted, Chinese man arrested

India Today

A Chinese national, identified as Fang Chenjin, has been arrested by Shahdara Cyber Police in connection with a Rs 43.5 lakh cyber fraud case. According to the police, Chenjin was involved in online stock trading scams operated through WhatsApp groups. A complaint filed by Suresh Kolichiyil Achuthan in July alleged that he was tricked into investing Rs 43.5 lakh in …

Whatsapp Chenjin

1 month, 3 weeks ago

Archegos' Bill Hwang deserves 21 years in prison, US says

Hindustan Times

By Jonathan Stempel Archegos' Bill Hwang deserves 21 years in prison, US says NEW YORK, - Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. Prosecutors accused Hwang of …

Bill 21 Years Archegos Hwang Deserves Bill Hwang

1 month, 4 weeks ago

Two held on charge of cheating retired engineer of over ₹75 lakh in Kochi

The Hindu

Two persons were arrested by the Palarivattom police on charge of cheating a retired engineer to the tune of over ₹75 lakh by promising him huge profits by way of online trading. According to the police, the accused got in touch with the Palarivattom-based retired engineer over WhatsApp introducing themselves as officials of a reputed online trading company in August. …

Palarivattom Retired Engineer

₹8 lakh snatched from rice trader’s staffer in Khanna

Hindustan Times

In a daylight robbery, an employee of a rice trader was assaulted and robbed of ₹8 lakh near Salaudi village on Samrala Road by three-wheeler borne two miscreants. The incident occurred around 1:30 pm on Monday when Harshpreet Singh, a resident of Ram Nagar of Mandi Gobindgarh, was traveling on his motorcycle with the cash. The victim, an employee of …

Khanna Dsp

2 months ago

The DEA gave $200,000 to a money launderer called ‘the Englishman.’ He stole it

LA Times

A man who oversaw a scheme to launder millions of dollars of narcotics money from the U.S. to drug organizations was sentenced to seven years in federal prison, according to the U.S. Department of Justice. Zilke, 49, was arrested last year in May and pleaded guilty months later to conspiracy to aid and abet drug distribution, launder money and obstruction …

Money Dea Drug Thompson Launder Zilke

2 months ago

Former Banker Among Eight Held for ₹4.8 Crore Loan Fraud

Deccan Chronicle

Hyderabad:The economic offences wing of Cyberabad police arrested eight persons, including a former bank branch manager, in connection with a loan fraud involving forgery, cheating, and document fabrication case. The accused, including former ranch manager Karthik Rai, exploited the bank's lending process through fraudulent loan approvals, forged documents and illegal fund diversions. Between June 2020 and June 2023, Karthik Rai …

Loan Rai Eow Karthik Rai Manager Karthik Unauthorised Loans

2 months ago

Software engineer lost Rs 2.29 cr in stock market fraud

Deccan Chronicle

Hyderabad: The cybercrime wing of the Cyberabad police on Wednesday arrested two persons in connection with an investment fraud and five other accused are absconding. He joined a WhatsApp group named “B2231 KSL Official Stock” which claimed to have focused on stock market trading and skill building, led by Narayan Jindal, Anjali and their associates. The accused Naresh Shinde is …

Fraud Accused

2 months ago

YouTuber arrested for financial scam after remaining ‘wanted’ for 2 years: Who is Nutty?

Live Mint

Thai YouTuber Natthamon Khongchak, known by her screen name ‘Nutty', has been arrested in Indonesia after evading capture for over two years. Nutty and her mother, Thaniya Khongchak, faced several arrest warrants in Thailand for their alleged involvement in a financial scam. Nutty gained popularity through her YouTube channel, ‘Nutty’s Diary’, where she showcased her dancing and singing talents, particularly …

Indonesia Thai Thailand Youtube Her Mother Youtuber Financial Scam

2 months, 2 weeks ago

Assam Police Arrest Prime Accused of Multi-Crore Online Trading Scam in Goa

ABP News

Assam Police have arrested a prime accused of the multi-crore online trading scam in the state, Deepankar Barman, from Goa. The accused, who has been absconding since August, was finally apprehended by the police. Barman was arrested at his temporary residence in Goa along with a significant amount of cash and gold. The police have also seized cash worth more …

Business Law Crime Finance Goa

3 months, 3 weeks ago

BharatPe fraud case: EOW arrests Ashneer Grover's family member

The Hindu

Delhi Police Economic Offences Wing has arrested a family member of BharatPe co-founder Ashneer Grover in connection with the alleged misappropriation of funds with the fintech company, police officials said on Friday, September 20, 2024. “Deepak Gupta, who is a brother-in-law of Mr. Grover, was arrested on Friday,” they said. Gupta was named in the FIR which was registered against …

Fir Gupta Grover Eow Bharatpe

3 months, 4 weeks ago

Stock Trading Scam: Assam police detain actor Sumi Borah and husband for ₹2,200 crore online stock trading scam; couple surrenders

The Hindu

GUWAHATI: The Assam police on Thursday detained actor-choreographer Sumi Borah and her photographer husband Tarkik Bora for their alleged involvement in an online stock trading scam estimated to be worth at least ₹2,200 crore. The scam, in operation for almost three years, entailed investing the money collected from clients in “shares” of companies with the promise of almost double the …

Scam Stock Trading Scam Stf Detain

4 months, 1 week ago

Coimbatore-based software developer duped of ₹1.63 crore

The Hindu

A software developer from Coimbatore was cheated out of ₹1.63 crore by fraudsters who promised him high returns from online stock trading. According to the police, Mr. Vivek develops software for IT companies on a contract basis and had an interest in online share trading. On 24 May, Mr. Vivek received a message on WhatsApp from an unidentified person regarding …

Coimbatore Vivek Online Share

4 months, 1 week ago

68-year-old retired bank staff cheated of ₹8.5 lakh in Gurugram

Hindustan Times

Gurugram: A retired bank employee was allegedly cheated of ₹8.5 lakh after he fell prey to cyber fraudsters who lured him by promising hefty profits from investments in the stock market, police said on Wednesday. A retired bank employee was allegedly cheated of ₹ 8.5 lakh after he fell prey to cyber fraudsters. They said Malkotia was initially added in …

Suspects Gurugram Malkotia

4 months, 1 week ago

Swiss court convicts 2 top PetroSaudi executives in fallout from 1MDB Malaysian fund scandal

Associated Press

GENEVA — Switzerland’s federal criminal court on Wednesday convicted two top managers of a Saudi oil company on charges including fraud and money laundering in a vast scam that swiped at least $1.8 billion from a Malaysian state-owned investment fund. In an email to the AP, she wrote that the court’s summary of the decision read out in court on …

Money Saudi Billion Million Mahony Petrosaudi 1Mdb

4 months, 3 weeks ago

₹284 crore bank fraud: HC grants bail to Cox & Kings CFO Anil Khandelwal

Hindustan Times

MUMBAI: The Bombay high court on Tuesday granted bail to Anil Khandelwal, the chief finance officer of fraud-hit Cox & Kings Ltd, in connection with an alleged fraud of ₹284 crore at IndusInd Bank. HT Image A single-judge bench of justice Manish Pitale granted bail to Khandelwal, who was arrested by the Economic Offences Wing of the Mumbai police on …

Fraud Bank Fir Cfo Granted Bail Khandelwal

5 months, 1 week ago

Billionaire lobbying Harris to remove trade chief has companies she's investigating: CNN

Raw Story

Another billionaire calling for the removal of Federal Trade Commission chair Lina Khan owns companies under active investigation by the consumer watchdog. Barry Diller, chairman of the travel site Expedia and the conglomerate IAC, has said in recent interviews that he would donate the maximum to Kamala Harris' campaign and lobby her to replace Khan, but he backed away from …

Harris Cnn Khan Ftc

5 months, 3 weeks ago

ED Mumbai arrests former director of private firm in money laundering case

The Hindu

The Enforcement Directorate, Mumbai Zonal Office has arrested Purushottam Chhaganlal Mandhana, former Chairman and Managing Director of M/s Mandhana Industries Limited, on July 18 under the provisions of Prevention of Money Laundering Act, 2002 against MIL and others in a case of bank fraud. The agency initiated an investigation on the basis of FIR registered by CBI, BS & FB, …

Mumbai Mandhana Mil Purushottam Mandhana

5 months, 3 weeks ago

Dilip Khedkar disproportionate assets case: Complainant submits 2,000-page evidence to ACB

Hindustan Times

Advocate Tanaji Gambhire, complainant in a disproportionate assets case related to Dilip Khedkar, father of IAS probationer Puja Khedkar, has submitted over 2,000 pages of evidence to the Anti-Corruption Bureau Pune division. Authorities had issued a suspension order to Dilip on February 24, 2020, after a departmental inquiry found that he threatened 300-400 small businessmen for extortion while posted in …

Pune Pvt Acb Mpcb Dilip Khedkar

5 months, 4 weeks ago

Valmiki scam happened under Siddaramaiah’s nose: Joshi

The Hindu

Alleging that the Valmiki Development Corporation scam had taken place under Chief Minister Siddaramaiah’s nose, Union Minister for Consumer Affairs, Food and Public Distribution Pralhad Joshi has demanded the CM’s resignation. The Siddaramaiah-led Congress government had indulged in rampant corruption with the support of the Leader of the Opposition in Parliament Rahul Gandhi and the Congress high command,” he alleged. …

Congress Joshi Siddaramaiah

6 months ago

Hedge Fund Trader in Canada Gets Four-Year Jail Term for Faking Returns

Live Mint

-- A trader in Canada received a four-year jail sentence after accepting millions of dollars from investors, then giving them false information about their returns. Aikman was one of the founders of Yonge Street Capital LLC, which purported to be a hedge fund that invested in various securities and cryptocurrencies, according to a Tuesday statement from the Ontario Securities Commission. …

Aikman Yonge Street

6 months, 1 week ago

Indian American ex-billionaire Rishi Shah gets 7.5 years for $1bn fraud in US, Goldman & Google among cheated investors

Live Mint

Rishi Shah, 38, an Indian-American ex-billionaire has been sentenced to seven and a half years in prison after being convicted of defrauding investors such as Goldman Sachs, Alphabet and the Pritzker Group venture fund of $1 billion, Bloomberg reported. The three accused were identified as co-founder and former CEO Shah, co-founder and former President Shradha Agarwal, and former chief operating …

Fraud Outcome Indian American Report Shah Sec Pritzker

6 months, 2 weeks ago

Infosys CEO Salil Parekh Settles Insider Trading Charges with SEBI, Pays Rs 25 Lakh for Inadequate Controls

Live Law

Infosys' CEO Salil Parekh has settled charges of violating provisions of insider trading. IT services giant Infosys' CEO Salil Parekh has agreed to pay Rs 25 lakh for failing to have adequate controls to prevent insider trading. Under Regulation 9A of the SEBI Regulations, 2015, CEOs and MDs of listed companies are mandated to establish effective internal controls to prevent …

Settlement Insider Trading Infosys Rs 25 Lakh Parekh 25 Lakh Sebi Pays

6 months, 2 weeks ago

Ex-CEO of Nevada-based health care company Ontrak convicted of $12.5 million insider trading scheme

Associated Press

LOS ANGELES — The former CEO and chairman of Ontrak, a publicly traded health care company based in Nevada, was found guilty Friday of a multimillion-dollar insider trading scheme. A federal jury in Los Angeles convicted Terren Scott Peizer, a resident of Puerto Rico and Santa Monica, California, of one count of securities fraud and two counts of insider trading. …

Insider Trading Insider Peizer Ontrak Trading Scheme

6 months, 3 weeks ago

Two held for defrauding resident of ₹48.5L

Hindustan Times

Noida HT Image Two persons were arrested for allegedly defrauding a person of ₹48.5 lakh in the guise of share trading through fraudulent apps and shell companies from Sector 44 on Wednesday, police. “The arrested accused, to open the accounts of RK Traders and other shell companies, rented a shop in the name of a fake firm by preparing a …

Accused Fir

6 months, 4 weeks ago

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case

India TV News

The Enforcement Directorate has made a new arrest in its ongoing money laundering investigation concerning alleged irregularities in the Jal Jeevan Mission scheme in Rajasthan, official sources reported on Friday. About the case It is pertinent to note that the money laundering case originally stems after the anti-corruption bureau registered an FIR citing that Padamchand Jain, Mahesh Mittal, Piyush Jain, …

Rajasthan Fir Pti Phed Padamchand Jain Piyush Jain Jain Mahesh

7 months, 2 weeks ago

Leader of gang that duped forex traders arrested in Bengaluru

Hindustan Times

MUMBAI: The Mumbai crime branch has arrested the mastermind behind the racket in which several forex traders were duped by men posing as rich individuals in need of foreign currency. In March this year, the police arrested three people, including a Bollywood make-up artist who allegedly took $60,000 from a forex trader in Santacruz and fled from the hotel. In …

Bengaluru Mumbai Accused Hotel Sharma Room Fir

7 months, 3 weeks ago

Ivan Boesky, convicted of insider trading in 1980s, dies at 87

LA Times

Ivan F. Boesky, center, leaves federal court in New York on April 24, 1987 after pleading guilty to one count of violating federal securities laws. Boesky, the flamboyant stock speculator whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at 87. Then, after admitting to insider trading, Boesky became the …

Trading Detroit Insider Trading New York Million Federal Sec

7 months, 3 weeks ago

Ghaziabad: Three arrested for cheating man of ₹70 lakh in online share trading scam

Hindustan Times

The Ghaziabad police on Wednesday arrested three men who allegedly cheated a resident of Raj Nagar Extension for ₹70 lakh in an online share trading scam, senior police officers said, adding that they have come to know that the gang is also involved in about 32 cases of fraud registered in different cities across the country. The police identified the …

Money Ghaziabad Singh Lakh Different Share Trading

9 months ago

Ludhiana: Patwari, aide held for taking ₹3,500 bribe

Hindustan Times

The Punjab Vigilance Bureau arrested a revenue patwari Sukhwinder Singh Sodhi, posted at Patwarkhana at Sector 32, Chandigarh Road, and his accomplice Amandeep Singh alias Deep, a resident of Dheri village near Meharban for allegedly demanding and accepting a bribe of ₹3,500. A VB spokesperson said the accused revenue official and his associate have been arrested on a complaint lodged …

Deep Patwari His Associate

9 months ago

Former Jumbo CEO will be prosecuted for corruption in sponsorship fraud scandal

NL Times

The Public Prosecution Service will push forward with its case against Frits van Eerd on allegations of corruption and forgery. He was one of several individual linked to a money laundering and fraud investigation that also involved the company's extensive sports sponsorships. The investigation into Van Eerd's involvement is still ongoing, but the OM said it is clear he will …

Money Laundering Jumbo Om Van Van Eerd

9 months ago

SEC Wins Trial in Novel ‘Shadow’ Insider Trading Crackdown

Live Mint

-- The US Securities and Exchange Commission won a jury verdict in its ground-breaking insider-trading case that seeks to bar employees from using non-public information about their own company to place bets on rival stocks. The closely watched two-week San Francisco civil trial was the regulator’s first enforcement action targeting so-called shadow trading, a widespread phenomenon that researchers say has …

San Francisco Insider Trading Sec Trading Crackdown Panuwat Insider Trial

9 months, 1 week ago

More turmoil at Ajax as new CEO suspended on suspicion of insider trading

Associated Press

AMSTERDAM — Ajax’s calamitous season worsened when the Amsterdam club suspended new CEO Alex Kroes on Tuesday and said it intends to fire him on suspicion of insider trading in the club’s shares. He posted a statement on LinkedIn saying he “cannot simply accept this decision of the Supervisory Board.” A successful sports administrator, Kroes was seen as a key …

Insider Trading Club Van Der Ajax Kroes

9 months, 1 week ago

Bengaluru woman joins WhatsApp group to invest, loses ₹73.7 lakh

The Hindu

A 47-year-old woman from Viveknagar joined a WhatsApp group to invest her total savings of ₹73. Little did she know that she would become a victim of fraud, as she was removed from the WhatsApp group after she tried to withdraw the money from her wallet. The victim, in her complaint, said that she was introduced to “ KKR group”, …

Group Invest Whatsapp Group 7 Lakh

9 months, 2 weeks ago

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

New Indian Express

NEW YORK: Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a year earlier when he …

Sentence Ftx

Banker held for alleged insider trading avoids case after deleting WhatsApp messages

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