Category: US DOJ

Money-laundering charges against TD BankB
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October 11, 2024

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.
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Indictment against Gotbit and its executivesG
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October 10, 2024

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.
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October 10, 2024

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.
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US DOJ may seek to break-up GoogleT
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October 9, 2024

The End of The Google Era: US Government Threatens Google with Break-Up Over Search Monopoly!

In August 2024, Judge Amit Mehta ruled that Google had illegally maintained a monopoly in the online search market. Following this landmark decision, the U.S. Department of Justice (DOJ) is considering asking the court to force Google to sell off parts of its business. This could potentially lead to the first major corporate breakup in four decades. Google, however, warns of significant consequences for businesses and consumers.
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Russian hacker Aleksandr Viktorovich Ryzhenkov wanted by the FBIU
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October 2, 2024

U.S. DOJ Indicted Russian Hacker and Evil Corp Member Aleksandr Viktorovich Ryzhenkov!

The U.S. DOJ unsealed an indictment charging Russian national Aleksandr Viktorovich Ryzhenkov with using the BitPaymer ransomware variant to attack numerous victims in Texas and throughout the U.S. and hold their sensitive data for ransom. According to the indictment, beginning in at least June 2017, Ryzhenkov allegedly gained unauthorized access to the information stored on victims’ computer networks.
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Daniel Thomas Broyles senteced to 4 years prison time over investment fraudD
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September 26, 2024

DOJ Awards $30 Million to Combat Hate and Bias Crimes

The U.S. Department of Justice (DOJ) has announced nearly $30 million in grants to fight the rise in hate and bias crimes. This funding will enhance law enforcement efforts, serve victims, and promote research into hate crime patterns, providing critical support to communities nationwide. The grants are part of the DOJ’s wide-ranging efforts to improve community safety in the U.S.
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DOJ indictment against Malone Lam and Jeandiel SerranoT
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September 21, 2024

Two Arrested and Indicted in the U.S. for $230 Million Cryptocurrency Theft and Laundering Scheme

In the U.S., two individuals, Malone Lam and Jeandiel Serrano, have been arrested and charged with stealing over $230 million in cryptocurrency and laundering the funds through a complex web of mixers, peel chains, and VPNs. This case, led by the FBI and IRS-CI, shines a spotlight on the increasing sophistication of cybercriminals operating in the digital asset space. Key Points:
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SEC v Paul Roberts over accounting fraudU
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September 18, 2024

U.S. DOJ and SEC Charge Former CEO and CFO With Fraud and Misleading Auditors!

SEC and DOJ cracked down on fraudulent financial reporting at the tech company Kubient. The company's top executives were misleading investors about revenue, which was central to raising millions. Former CEO Paul Roberts faces up to 20 years for orchestrating this scheme. Kubient is a digital advertising technology whose shares were publicly traded on the Nasdaq between August 2020 and November 2023 under the ticker “KBNT.”
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US DOJ launches whistleblower programU
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August 31, 2024

U.S. DOJ Launches New Corporate Whistleblower Program to Tackle Corporate Crime!

While financial regulators around the world have relied on whistleblower systems for many years to obtain inside information about financial wrongdoing and regulatory violations, the U.S. Department of Justice (DOJ) has only recently implemented a corporate whistleblower program that also pays for tips. This is to help the world's most influential law enforcement agency to act more effectively against corporate crime.
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Bitmex plead guilty to money laundering chargesB
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July 11, 2024

BitMEX Pleads Guilty to Money Laundering Violations, Highlighting Persistent Compliance Issues in Crypto Industry!

The U.S. Attorney for the Southern District of New York has announced that HDR GLOBAL TRADING LIMITED, a/k/a BitMEX, a prominent cryptocurrency exchange and derivatives trading platform, has pled guilty to charges of violating the Bank Secrecy Act (BSA). This admission underscores significant lapses in the exchange's anti-money laundering (AML) protocols, which have been a point of contention for regulatory authorities.
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Sinaloa Cartel and Money Launderers Linked to Chinese Underground BankingU
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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.
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The Israeli Snitching Game around Gery ShalonK
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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.
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