Law Enforcement | FinTelegram News

Category: Law Enforcement

July 5, 2024

French and Spanish Authorities Dismantle Chinese Money Laundering Network

On July 5, 2024, Europol announced that in an international law enforcement action against organized crime, French and Spanish authorities had arrested five members of an alleged Chinese money laundering network operating across Europe. The joint law enforcement operation, supported by Europol, highlights the network's extensive capacity to smuggle over €1 million in cash daily.

July 3, 2024

An Open Letter to the FBI: Addressing the Persistent Threat of the PayBack Scheme

As a concerned entity dedicated to the fight against financial fraud, we at FinTelegram commend your recent efforts in seizing one of the websites associated with the notorious Israeli money collection scheme, PayBack, also known as MoneyBack. This operation, led by Israelis Amir Geva and Daniel Poleb, has been masquerading as a legitimate fund recovery service while allegedly defrauding countless victims. However, this recent seizure is just one step in dismantling an extensive and multifaceted fraudulent network.

July 1, 2024

International Law Enforcement Action: $257 Million Seized in Global Crackdown on Online Scams!

In an enforcement action against online scam syndicates, a global police operation known as Operation First Light 2024 has frozen 6,745 bank accounts, seized USD..

June 27, 2024

German Prosecutor Announced Charges Against Another Suspect in GetFinancial Fraud Case in the Gery Shalon Environment!

In the vast Israeli online trading fraud case, the Bavarian Central Cybercrime Unit announced charges against a 47-year-old Israeli national implicated in the fraudulent investment platform GetFinancial. He allegedly worked for the group as head of the analysis department and the "Trading and Education Department", among other things. The GetFinancial case is closely linked to the family of cybercrime mastermind Gery Shalon.

June 27, 2024

Exposed by Bloomberg: The Cybercrime Mastermind Gery Shalon and the Role of FinTelegram in his Exposure!

Bloomberg just published an extensive report about Gery Shalon and his incredible role as cybercrime mastermind and FBI undercover agent. The report mentions the role of FinTelegream and its founder Werner Boehm in exposing Shalon's cybercrime network. Thanks to the close cooperation between FinTelegram, its whistleblowers, and law enforcement agencies, key figures of this network, such as Uwe Lenhoff and Gal Barak, were arrested in early 2019.

June 23, 2024

UK Enforcement Action: Two Arrested in Connection with Suspected £1 Billion Illegal Crypto Scheme!

In an enforcement action, the UK Financial Conduct Authority (FCA) and the Metropolitan Police Service have apprehended two individuals, aged 38 and 44, suspected of operating an illegal cryptoasset exchange. This operation is part of a broader effort to clamp down on unregulated crypto activities in the UK. Allegedly, over £1 billion worth of unregistered cryptoassets has been traded through this illicit business.

June 19, 2024

U.S. Prosecutors Unveil the Sinaloa Cartel’s Alliance with Chinese Money Launderers

A recent investigation by the U.S. Department of Justice (DOJ) has exposed a sophisticated money laundering scheme involving the Sinaloa Cartel and Chinese underground banking networks. This extensive operation, known as "Operation Fortune Runner," highlights the intricate methods used to launder drug trafficking proceeds. The DOJ's 10-count superseding indictment charges 24 individuals associated with the Sinaloa Cartel and Chinese underground banking groups.

June 13, 2024

Kenyan National Sentenced to Over 11 Years for Fraudulent Advance Fee and Investment Scheme

In a decisive legal outcome, Kenyan national Paul Maucha, 59, has been sentenced to 11 years and three months in prison for orchestrating an advance fee and investment fraud scheme that deceived numerous victims. Court documents and trial evidence revealed that Maucha, in collaboration with a co-conspirator, utilized a shell company under his control, American Eagle Services Group Inc. (AESG), to execute the scheme.

June 13, 2024

Two U.S. Citizens Arrested for Smuggling $500,000 Worth of Luxury Goods to Russia!

The U.S. Department of Justice (DOJ) announced that the authorities had arrested two Russian-born U.S. citizens for allegedly conspiring to export nearly half a million dollars worth of luxury goods, specifically snowmachines, and associated parts, to Russia without the required licenses. The suspects, Sergey Nefedov, 40, of Anchorage, Alaska, and Mark Shumovich, 35, of Bellevue, Washington, were taken into custody.

June 13, 2024

Massive Crackdown on Scams and Money Laundering: 175 Arrested in Hong Kong!

Hong Kong police have executed a significant crackdown on fraud and money laundering, arresting 175 individuals linked to scams totaling approximately HK$780 million. In a press briefing on Wednesday, a police spokeswoman revealed that the arrests occurred during a 16-day operation from May 27 to June 11. The suspects, ranging in age from 17 to 75, were connected to 141 cases of deception and money laundering involving 665 victims.

June 4, 2024

CFO of U.S. Right-Wing Media Firm Faces $67 Million Money Laundering Charges Using Crypto!

The CFO of a prominent multinational media company, Weidong Guan, a/k/a Bill Guan, has been charged with participating in an elaborate scheme to launder approximately $67 million in illicit funds. Guan, who served as CFO for The Epoch Times headquartered in New York City, was arrested recently and will appear before U.S. Magistrate Judge. The case has been assigned to U.S. District Judge Victor Marrero.

June 2, 2024

U.S. SEC and DOJ Charge Robert Scott Murray and Trillium Capital with Securities Fraud!

The U.S. SEC and the DOJ filed charges against Robert Scott Murray and his private company, Trillium Capital LLC, for allegedly orchestrating a fraudulent scheme to manipulate the stock price of Getty Images Holdings Inc. by announcing a sham offer to purchase the company. Murray has previously held CEO and CFO positions in several publicly traded companies. In a parallel action, Murray pleaded guilty to criminal charges in this context.

Google Battles CFPB: Tech Giant Fights Back Against Federal Oversight in Payments Showdown

The U.S. Consumer Financial Protection Bureau (CFPB) has placed Google Payment Corp. under federal supervision, citing concerns over its error resolution and fraud prevention processes. This decision follows nearly 300 consumer complaints alleging issues such as inadequate investigation of fraudulent charges and insufficient explanations of investigation outcomes.

Wirecard Scandal Reignites: Markus Braun’s Release Demanded Amid Espionage Revelations

In light of recent court findings across multiple jurisdictions, it has become increasingly clear that the ongoing trial of former Wirecard CEO Markus Braun may be fundamentally flawed. The crux of this issue lies in the apparent failure to fully incorporate the now-established activities of fugitive ex-COO Jan Marsalek into the proceedings. This not only jeopardizes the fairness of Braun's trial but also risks obscuring the true nature and extent of the Wirecard scandal.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.