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Category: People

April 24, 2024

10 Years OneCoin: Vanished Crypto Queen Ruja Ignatova Still On FBI Ten Most Wanted Fugitive List!

The Bulgarian national Ruja Ignatova, born in May 1980, known as the "Cryptoqueen," co-founded the infamous cryptocurrency-based multi-level marketing (MLM) scheme called OneCoin in 2014 alongside MLM artist Karl Greenwood. The scheme was orchestrated under the guise of a legitimate crypto operation from Sofia, Bulgaria, and quickly expanded its operations globally. OneCoin managed to amass over $4 billion from around 3.5 million people worldwide.

April 23, 2024

Germany’s Cum-Ex Prosecutor Anne Brorhilker Surprisingly Resigns and Criticizes Germany’s Financial Crime Apprach!

Germany's foremost prosecutor in the Cum-Ex tax scandal, Anne Brorhilker, has unexpectedly resigned from her position in the judiciary and expressed criticism regarding the prosecution of financial crimes in Germany. Brorhilker's departure comes after years of leading investigations into the Cum-Ex tax scandal, which implicated over 1,700 suspects, including top politicians in different jurisdictions, and involved an estimated twelve billion euros in taxpayer funds.

People Radar

April 21, 2024

Kathryn Haun Resigns From The Coinbase Board!

Coinbase, a pivotal player in the U.S. crypto space, has experienced a notable shift in its leadership structure as a key board member, Kathryn "Katie" Haun, announced her resignation after seven years of influential service. Haun is the founder and CEO of Haun Ventures, a $1.5 billion venture capital firm focusing on the crypto industry. Previously, she was a General Partner at Andreessen Horowitz.

April 18, 2024

Austrian Real Estate Tycoon René Benko Under Investigation for Alleged Fraud

René Benko, the once-celebrated founder of the now-collapsed Signa property group, is under investigation by Austria's anti-corruption prosecutors for alleged fraud involving a bank loan. This marks the first instance of Benko, a former billionaire, being personally targeted by legal authorities since his business empire's dramatic fall at the end of 2023. The collapse of Signa has left a significant financial void, with billions owed to shareholders and creditors spread across Europe.

April 18, 2024

And Again: Financial Misconduct Allegations Cloud Julian Hosp’s Tenure at Cake!

Singapore resident Julian Hosp, a crypto entrepreneur already tarnished by his association with the defunct crypto venture TenX, is now embroiled in a contentious legal battle concerning his latest enterprise, Cake, as well as its associated crypto platform, DeFiChain (DFI). Uncovered documents expose a rift between Hosp and co-founder U-Zyn Chua, highlighting disputes over financial management, the company's future, and allegations of misuse of company funds.

March 31, 2024

Financial Intelligence Report: Asset Freezing Order Against Craig Wright

The U.K. judiciary has led to a worldwide freezing injunction on assets valued at 6 million British pounds belonging to Craig Wright. This decision comes in the aftermath of a court verdict that effectively dismissed Wright's claims of being Satoshi Nakamoto, the enigmatic creator of Bitcoin. The order aims to mitigate the risk of asset dissipation, particularly offshore, thereby safeguarding the cost recovery interests of the Crypto Open Patent Alliance (COPA) arising from litigation expenses.

March 25, 2024

Cybercrime Pays Off: Binance Founder Changpeng Zhao’s Wealth Surges Amidst Regulatory Battles

Cybercrime pays off: Changpeng Zhao (CZ), the founder of the world's largest crypto exchange, Binance, has seen a significant increase in his net worth, propelling it to nearly $50 billion. This increase of $8.42 billion has brought his year-to-date gains to a staggering $13.9 billion. According to the Bloomberg Billionaire Index, CZ's fortune expanded from $39.9 billion to $48.3 billion following Binance's share price rise from March 22, 2024, to March 25, 2024.

March 20, 2024

Kyle Davies of Three Arrows Capital: Unrepentant and Strategizing to Evade Legal Repercussions

Kyle Davies, a co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), has been making headlines not for expressions of remorse but for his unabashed strategy to dodge legal accountability. In a recent appearance on the crypto podcast "Unchained," Davies offered insights into his current stance on the myriad of legal and financial troubles following the spectacular collapse of 3AC, showcasing a concerning disregard for the gravity of the situation.

March 20, 2024

N26 Welcomes Mayur Kamat as New Chief Product Officer in Strategic Hire from Binance

Mayur Kamat, previously a key figure at the crypto exchange Binance, is set to join the Berlin-based digital bank N26 as its Chief Product Officer starting in the second quarter of 2024. Kamat brings a wealth of experience from his tenure at Binance, where he was instrumental in leading the global product and design teams. His career spans significant roles across Agoda, Google, and Microsoft, marking him as a veteran in the field.

March 15, 2024

UK High Court Says That Australian Computer Scientist Craig Wright is Not Satoshi Nakamoto!

No surprise here. In another courtroom drama in the crypto space, the UK High Court has unequivocally declared that Australian computer scientist Craig Wright is not, in fact, the mysterious Satoshi Nakamoto, the mysterious mastermind behind Bitcoin. This conclusion came swiftly at the end of a five-week spectacle. Justice Mellor wasted no time delivering his verdict, citing the "overwhelming" evidence against Wright's claim.

People Radar

March 15, 2024

Gennaro Lanza: An Italian Masterclass in Financial Alchemy, or What?

In the grand tapestry of financial legends, Gennaro Lanza emerges not as a mere entrepreneur but as a virtuoso of the financial dark arts. His journey, as recounted in a recent hagiography in Vents Magazine, reads less like a business saga and more like a masterclass in the ancient art of alchemy—turning the base metals of boiler rooms and forex schemes into the gold of a fintech empire. Lanza, on the other hand, sees himself as a victim of ongoing defamation.

Paxum Bank: The Offshore Bank for the Porn Industry!

Paxum Bank, an offshore financial institution based in Dominica, has found itself at the center of controversy due to its connections with high-risk industries and recent revelations about its relationship with the embattled Tate brothers. Specializing in serving the adult entertainment sector, the bank has become a key player in providing financial services to businesses often shunned by traditional banks. However, this niche focus has also drawn scrutiny from regulators and investigators.

Tate Brothers Case: The Misogynist Influencers Used Offshore Accounts to Launder Proceeds from Sexual Exploitation!

New evidence suggests that the influencer Andrew Tate and his brother Tristan Tate used offshore accounts, including Paxum Bank, to conceal profits from their controversial webcam business. The Tates are facing serious charges, including human trafficking and money laundering. This case highlights the need for robust AML/KYC practices, particularly for payment processors in high-risk sectors like adult entertainment.

UK FCA Charges First Individual for Operating Illegal Crypto ATM Network for Money Laundering!

The UK Financial Conduct Authority (FCA) has charged London-based Olumide Osunkoya with running an illegal crypto ATM network, marking the first case of its kind in the UK. As crypto ATMs are increasingly used for money laundering, the FCA's crackdown on unregistered operators underscores the need for strict regulatory compliance. The ATM scheme allegedly processed £2.6 million in crypto transactions.

Public-Listed Crypto Exchange Coinbase Has to Face Shareholder Lawsuit Over SEC Risks!

U.S. crypto exchange Coinbase must face a shareholder lawsuit accusing it of downplaying regulatory risks, specifically the chances of being sued by the SEC. While a U.S. judge dismissed parts of the case, the key allegation of misrepresenting regulatory risks will proceed. This case underscores the importance of transparency in the crypto sector, where regulatory uncertainties continue to loom large, particularly in the U.S.

U.S. Regulator SEC Charges Seven Public Companies for Violating Whistleblower Protection Rules!

The U.S. Securities and Exchange Commission (SEC) charged seven public U.S. companies with using agreements that restricted employees from reporting securities law violations, resulting in over $3 million in penalties. The SEC takes strict action against organizations and individuals who seek to contractually restrict whistleblowers' rights. The regulator needs insiders to disclose financial wrongdoing and compliance violations.