Fiat crime (financing terror, money laundering, fraud, ponzi, etc.)

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Moving Bricks: Money-Laundering Practices in the Online Scam Industry

Jingjing invited me to her office and asked me to wait for her to finish work before we headed out to dinner together.[1] At the time, she was working in a third-party payment company—what, in the jargon of the money-laundering industry, is known as a ‘gateway’ (通道, tongdao). Like another...
globalchinapulse.net
 
pmbug said:
Idiots following a Tik Tok viral story/trend commit check fraud and up with huge debts:
...
Click to expand...

JPMorgan Chase (JPM) has begun to file lawsuits against people that withdrew hundreds of thousands of dollars using a so-called “infinite money glitch” that went viral on social media last summer.
...
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JPMorgan is suing people who used an 'infinite money glitch' to steal thousands of dollars

A handful of people across the country now owe the bank hundreds of thousands of dollars
qz.com
 
The info here is a bit dated but it's some neat reading.


The Infiltrator Movie vs True Story of Robert Mazur, Emir Abreu

We investigate The Infiltrator movie vs. the true story of the real Robert Mazur, Emir Abreu and Operation C-Chase.
www.historyvshollywood.com

The man who cleaned millions for Pablo Escobar

Robert Mazur led a double life as an undercover agent in the world's most infamous drug cartel. Now he has warnings for Australia.
www.abc.net.au
 

Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme​


  • Gautam Adani was indicted in New York federal court with other defendants in connection with an alleged multi-billion-dollar fraud and bribery scheme.
  • The billionaire is chair of India’s Adani Group conglomerate and one of the world’s richest people.
  • Adani and the other defendants allegedly paid pay more than $250 million in bribes to Indian government officials to obtain “lucrative solar energy supply contracts with the Indian government.”
  • The indictment alleges Adani and others misled U.S. investors when they were seeking capital to finance those solar energy contracts.
Gautam Adani, chair of India’s Adani Group and one of the world’s richest people, was indicted with others in New York federal court on charges related to a massive bribery and fraud scheme, authorities said Wednesday.

Adani and other defendants are accused in the indictment of having paid Indian government officials more than $250 million in bribes to obtain solar energy supply contracts worth more than $2 billion in profits.

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Company owned by top adviser to Mayor Adams has ties to criminal insurance fraud ring​

12/03/2024 05:00 AM EST

NEW YORK — A complex insurance operation with ties to Mayor Eric Adams’ ex-chief of staff, Frank Carone, has landed in the crosshairs of federal prosecutors.

Manhattan federal prosecutors in October indicted three people on criminal conspiracy charges for allegedly operating an “extensive” $10 million fraud ring involving no-fault auto insurance, which covers medical expenses from car accidents.

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^^ Fast and Furious gone wild
 

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Police across the U.S. are illegally selling firearms, CBS News investigation finds​

Dec 4, 2024
A CBS News investigation found dozens of law enforcement leaders buying and illegally selling guns. A review of government audits and court records over the last 20 years uncovered instances in 23 states across the U.S., plus Puerto Rico and Washington, D.C., for more than 50 cases. CBS News crime and public safety producer Erin D. Cauchi has the details.

6:24
 

SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws​

  • The Securities and Exchange Commission charged Cantor Fitzgerald with violating laws related to disclosures by so-called blank-check companies before they raise money from the public.
  • Cantor Fitzgerald's chairman and CEO, Howard Lutnick, was recently nominated by President-elect Donald Trump to lead the Commerce Department.
  • The SEC said that Cantor agreed to settle the case by saying the firm would not violate the relevant securities laws again and pay a $6.75 million civil penalty.
WASHINGTON — The Securities and Exchange Commission on Thursday charged global financial services firm Cantor Fitzgerald with violating laws related to regulatory disclosures by so-called blank-check companies before they raise money from the public.

Cantor's chairman and CEO, Howard Lutnick, was recently nominated by President-elect Donald Trump to lead the Commerce Department. Lutnick is co-chair of Trump's transition team.

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https://www.msn.com/en-us/money/com...S&cvid=d902a17f858644bd82c0ecb18870a850&ei=26
 
Valid or political hit job? With the SEC, it's probably a coin flip.
 

https://www.msn.com/en-au/news/aust...s-allegedly-scammed-of-23-million/ar-AA1vUbr9

FDIC response: Clearly, crypto could incur reputational risk for a bank. /sarc
 

Colorado resident forced to return stolen truck purchased in Texas

Authorities are warning consumers of thieves who "recycle" a stolen vehicle by keeping a key fob when they sell the vehicle, then track it down in order to steal it again -- and re-sell it again.
www.cbsnews.com

Man Loses Thousands Paid for Stolen Truck on Facebook Marketplace​

Dec 17, 2024

The great deal was in TX while he lives in CO.

10:42
 

‘Grandfatherly’ accountant Joe Pezzano died last Christmas. One year later, where are the millions he was entrusted with?​

At first, there was shock and grief. Joseph Pezzano, a longtime tax accountant and financial adviser in Collegeville, died unexpectedly last Christmas Day at the age of 73. He’d been widely respected, trusted, and loved.

Then, it was confusion. Pezzano’s clients couldn’t get answers about their investments when they called or visited his accounting firm, Bond, Pezzano & Etze.

Panic followed when an office manager began sending out emails stating the accounting firm had “no affiliation” with Pezzano’s investment arm, JPA R/E Associates — even though they shared an address and phone number.

Now, one year after Pezzano’s death, there is anger, embarrassment, despair, and lot of lawyers. But few answers and no money returned.

More:

https://www.msn.com/en-us/money/tax...S&cvid=ccc38eec07894d9abe9d404d95406285&ei=14
 

Sarkozy stands trial over ‘suitcases stuffed with millions from Gaddafi’​

Nicolas Sarkozy is standing trial on charges of sealing a “pact of corruption” with Muammar Gaddafi in which the French ex-president received tens of millions of euros from the late Libyan dictator.

It is alleged Mr Sarkozy received funds via suitcases of cash to finance his successful 2007 French presidential campaign. In exchange he would help end Gaddafi’s pariah status after the Lockerbie bombing and other attacks.

More:

https://www.msn.com/en-us/news/worl...S&cvid=a6280da5a36e42efb2dd145f328ec7e1&ei=46
 

'Scam Goddess' explores city worker's 22-year deception​

The city of Dixon, Illinois, population 16,000, has long been famous as the hometown of former President Ronald Reagan. In 2012, it became infamous when it was revealed that one of its residents embezzled $53.7 million from the community over 22 years.

Rita Crundwell used her position as the city's comptroller and treasurer to siphon off money to finance her Quarter Horse breeding operation, become a big deal in the competitive equestrian world and set up a luxurious home life, according to the Department of Justice.

More:

https://www.msn.com/en-us/news/worl...S&cvid=7c5bf397db0a465d83167677fce92b8f&ei=16
 

Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.​

A decade ago, strange billboards started showing up, including in New York’s Times Square. They weren’t advertising a product. They were vilifying Connecticut’s then-governor, Dannel Malloy.

And they could be traced to that state’s unusual effort to stop an Oklahoma tribe from offering Connecticut residents short-term consumer loans at exorbitant interest rates.

“Gov. Malloy, Don’t take away my daddy’s job,” read one of the billboards, alongside a picture of a Native American child with braids and traditional garb.

But Malloy was not dissuaded by what he called a “scare tactic.” He said he felt the state’s banking regulations were on his side. The Oklahoma tribe was claiming sovereign immunity as it flouted Connecticut law — charging over 400% interest annually, though the state capped rates on such loans at 12%.

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Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.

Online lenders tied to Native American tribes argue that they aren’t subject to state lending laws, but they backed away from operating in six states where attorneys have acted forcefully to protect consumers.
www.propublica.org
 

Fugitive Advisor and Ex-CNBC Pundit Pleads Guilty to Multimillion-Dollar Fraud​

A long-running saga involving a prominent financial advisor who became a fugitive has come to an end, with James McDonald entering a guilty plea to one count of securities fraud, a felony that carries a maximum sentence of 20 years in prison.

Throughout the chaos of 2020, McDonald repeatedly—and publicly—forecast a dramatic fall in the U.S. stock market and positioned his clients to cash in on the expected crash through what prosecutors described as a risky short strategy.

More:

https://www.msn.com/en-us/money/oth...S&cvid=a397ee2fcd45441dbf57a3a939d0aaed&ei=23
 

AI scammers on Amazon duped investors out of millions with ‘passive income’ scheme, FTC alleges​

  • The FTC sued an Amazon automation company for allegedly defrauding customers of tens of millions of dollars in connection with a “passive income” scheme.
  • Click Profit offered to open and manage online storefronts for customers in exchange for an upfront investment, but the FTC alleges the company failed to deliver and left consumers in debt.
  • The company promised better returns than the stock market, with a co-founder appearing in TikTok videos alongside an image of Warren Buffett and “fanning himself” with wads of cash, per the FTC.
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