Criminal Proceeds
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KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
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Court Allows 26 Luxury Cars Owned By Conman Sukesh Chandrashekhar To Be Sold
Delhi High Court has upheld an order granting permission to the Enforcement Directorate (ED) to sell 26 high-end luxury cars allegedly purchased from the proceeds of crime generated out of criminal activities of conman Sukesh Chandrashekar.
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Indian-American Guilty Of 11 Counts Of Defrauding Public Health Insurance Plans Of $4 Million
Kaival Patel created and operated a company called ABC Healthy Living LLC to market compound prescription medications.
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Indian-Origin Teen In Singapore Charged For Cheating On Bank, Money Laundering
The UOB account he opened was then allegedly used by scam syndicates to launder criminal proceeds of more than SGD 249,000.
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Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.
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How FedEx-ed Diamonds Were Central To Nirav Modi's Big Scam
PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...
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Tatas Asks Nusli Wadia To Withdraw Legal Notice
Wadia on his part has served legal notices threatening to initiate civil and criminal proceeds against Tata Sons and its directors on the special notice sent to Tata Steel.
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Sameer Bhujbal Floated Firms To Launder Proceeds Of Crime: Enforcement Directorate
The Enforcement Directorate today told a special court in Mumbai that former lawmaker Sameer Bhujbal, nephew of NCP leader Chhagan Bhujbal, had floated several companies to channel and launder proceeds of "criminal activity".
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Couple in China 'sells' daughter for iPhone: report
A young Chinese couple are facing criminal punishment for "selling" their daughter and using part of the proceeds to buy an Apple iPhone, state media said Friday.
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Bill to enlarge definition of money laundering offence
A bill which seeks to enlarge the definition of offence of money laundering by including activities like concealment, acquisition and use of proceeds of crime as criminal activities was moved in the Lok Sabha today.
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Crime one of the world's 'Top 20 Economies': UN
Crime generates an estimated $2.1 trillion in global annual proceeds - or 3.6 percent of the world's gross domestic product - and the problem may be growing, a senior United Nations official said on Monday. "It makes the criminal business one of the largest economies in the world, one of the top 20 economies," said Yury Fedotov, head of the U.N. Of...
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KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
-
Court Allows 26 Luxury Cars Owned By Conman Sukesh Chandrashekhar To Be Sold
Delhi High Court has upheld an order granting permission to the Enforcement Directorate (ED) to sell 26 high-end luxury cars allegedly purchased from the proceeds of crime generated out of criminal activities of conman Sukesh Chandrashekar.
-
Indian-American Guilty Of 11 Counts Of Defrauding Public Health Insurance Plans Of $4 Million
Kaival Patel created and operated a company called ABC Healthy Living LLC to market compound prescription medications.
-
Indian-Origin Teen In Singapore Charged For Cheating On Bank, Money Laundering
The UOB account he opened was then allegedly used by scam syndicates to launder criminal proceeds of more than SGD 249,000.
-
Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.
-
How FedEx-ed Diamonds Were Central To Nirav Modi's Big Scam
PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...
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Tatas Asks Nusli Wadia To Withdraw Legal Notice
Wadia on his part has served legal notices threatening to initiate civil and criminal proceeds against Tata Sons and its directors on the special notice sent to Tata Steel.
-
Sameer Bhujbal Floated Firms To Launder Proceeds Of Crime: Enforcement Directorate
The Enforcement Directorate today told a special court in Mumbai that former lawmaker Sameer Bhujbal, nephew of NCP leader Chhagan Bhujbal, had floated several companies to channel and launder proceeds of "criminal activity".
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Couple in China 'sells' daughter for iPhone: report
A young Chinese couple are facing criminal punishment for "selling" their daughter and using part of the proceeds to buy an Apple iPhone, state media said Friday.
-
Bill to enlarge definition of money laundering offence
A bill which seeks to enlarge the definition of offence of money laundering by including activities like concealment, acquisition and use of proceeds of crime as criminal activities was moved in the Lok Sabha today.
-
Crime one of the world's 'Top 20 Economies': UN
Crime generates an estimated $2.1 trillion in global annual proceeds - or 3.6 percent of the world's gross domestic product - and the problem may be growing, a senior United Nations official said on Monday. "It makes the criminal business one of the largest economies in the world, one of the top 20 economies," said Yury Fedotov, head of the U.N. Of...
