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Legal Farce or Political Strategy? The Contradiction of Sanctions Against Russian Oligarch Mikhail Fridman!
The EU’s contradictory stance on the Russian oligarch Mikhail Fridman reveals a troubling inconsistency between political actions and legal orders. Despite the annulment of his sanctions by the EU’s own courts, Fridman remains sanctioned, and his assets frozen. This is more than a legal anomaly—it is a reflection of the deeper politicization of the sanctions process. Fridman filed a $16B lawsuit against Luxemburg.
Latest Updates
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A Dutch Case: Money Laundering Charges Against Former Jumbo CEO Frits van Eerd!
Frits van Eerd, the former CEO of Dutch supermarket chain Jumbo, is facing serious legal troubles. He is being prosecuted for corruption, forgery, and potentially money laundering charges. The case stems from a 2022 investigation that led to raids on Van Eerd's properties, where authorities discovered €448,000 in cash stashed in various locations, including a refrigerator. Van Eerd stepped down as Jumbo's CEO in September 2022.
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Yacht Analyst Report: The Infamous “History Supreme” Superyacht – A PR Hoax Unveiled!
The tale of the superyacht History Supreme is another lesson of how easily the public can be misled by flashy, outlandish claims, especially in the context of wealth and luxury. Allegedly owned by the Malaysian businessman Robert Kuok, the History Supreme is a cautionary example of the dangers of unchecked sensationalism and remains a prime candidate for the title of "the biggest PR hoax in boating history."
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Impressive: Bezos’ $25M-A-Year Superyacht Maintenance Costs!
The $25M annual cost of maintaining Jeff Bezos' superyacht Koru underscores the extreme expenses tied to the world’s most luxurious vessels, even as sustainable technology becomes a factor. Koru is a 127-meter (417-foot) long sailing yacht, making it the largest sailing yacht in the world. It was built by Dutch shipyard Oceanco and delivered in 2023. It is estimated to have cost around $500 million to build.
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CyberFinance: MicroStrategy’s Bold $14.6 Billion Bitcoin Bet: Visionary or Risky Gamble?
MicroStrategy’s Bitcoin-focused strategy may be a daring leap into the future of finance, but it’s also fraught with risks. With $14.6 billion in Bitcoin holdings, the company is now almost entirely dependent on the world’s largest cryptocurrency. Chairman Michael Saylor’s vision of Bitcoin as digital gold could reshape corporate investing, but will it pay off? Only time—and Bitcoin’s volatile market—will tell.
Payment Processors
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Jeton Group Analysis: Facilitating Online Casinos Beyond Compliance!
FCA-regulated Jeton Group, a high-risk payment processor, has been deeply involved in facilitating transactions for illegal online casinos, including those operated by the Starscream Group. Jetonbank, a digital offshore bank regulated by the FSU in Dominica, has furthered these operations by enabling fiat deposits for players in unlicensed jurisdictions. This report calls for insiders to provide critical whistleblower information.
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Starscream Casinos: Offshore Casino Operator, Potential Regulatory Evasion, Payment Facilitators, and More Cyprus Connections!
Online casinos are easily transferable digital assets. The transfer of Gammix Ltd's casinos to offshore operator Starscream Ltd raises serious questions about the continued illegal gambling activities in Europe. Despite massive penalties from the Dutch regulator KSA, Gammix appears to have simply shifted its operations offshore, where it continues to flout regulatory oversight facilitated by regulated payment processors.
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Cybercrime Alert to Payment Processors: Warning Against Acceptance of Anonymous Domain app-paymentgw.pgws2b.com
The FinTelegram research team has identified a suspicious domain https://app-paymentgw.pgws2b.com currently deployed by several anonymously operated online casinos of Liernin Enterprises, including Malina Casino, Talismania, SlotUna, and others. This domain has been flagged due to its association with activities that potentially violate financial regulations and legal standards for online gambling.
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Report on Cazimbo Casino: The Role of Payment Processors in Facilitating Illegal Online Casinos!
Another day, another exposed illegal online casino facilitated via Cyprus. Payment processors play a crucial role in sustaining this underground economy. FinTelegram's research repeatedly reveals that without these facilitating payment processors, many illegal online schemes, particularly in the gambling sector, would not thrive. Currently, we are focusing on the brands of the collapsed Rabidi Group that continue to operate anonymously and unauthorized. Here is our report on Cazimbo.
Cybercrime Court Cases
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Timing is Everything: FTX Founder Sam Bankman-Fried Fights Conviction as FTX Estate Sits on Billions!
Sam Bankman-Fried (SBF), the convicted former CEO of FTX, is seeking a new trial. He claims that the judge presiding over his case showed bias and repeatedly ridiculed him in front of the jury. His legal team argues that Judge Lewis A. Kaplan's conduct, including alleged disapproving facial expressions and frequent interruptions, violated SBF's constitutional rights to a fair trial. This appeal adds a new twist to the high-profile case surrounding the collapse of the crypto exchange FTX.
Regulatory Updates
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China Targets Crypto Money Laundering with New Law Revision
The adoption of crypto is evident, not least from the use of cryptocurrencies for illegal activities and money laundering. This is increasingly becoming a problem for the authorities. China's new law revision aims to tackle cryptocurrency-enabled money laundering by introducing stricter provisions and predicate offenses, aligning with global AML standards.
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EU Court Rules Apple Owes Ireland Over $14B in Back Taxes
The EU Court of Justice has ruled that Apple owes Ireland over $14 billion in back taxes, citing unlawful state aid. Despite the ruling, both Apple and the Irish government deny any wrongdoing. The case underscores the EU's push for tax justice. The court concluded Ireland illegally cut the tech company a preferential tax deal, after Paradise Papers revealed major tax advantages.
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War-Driven Inflation: Russia’s Central Bank Increased the Key Interest Rate to 19%!
Russia’s Central Bank (CBR) raised the key interest rate to 19%, aiming to control inflation driven by military spending. Despite these efforts, inflation is expected to exceed targets, with further rate hikes possible. Taking into account recent data, CBR expects that inflation is likely to exceed the July forecast of 6.5–7.0%, CBR Governor Elvira Nabiullina said in a statement.
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