Sanjay Shah | FinTelegram News

Tag: Sanjay Shah

Court Cases

December 7, 2023

British Hedge Fund Trader And Main Suspect In the Cum-Ex Scheme Extradited To Denmark!

Sanjay Shah, a British hedge fund trader, has been extradited from the UAE to Denmark to face trial over allegations of a massive tax fraud scheme, Reuters reported. Shah, arrested in Dubai last year at the request of Danish authorities, is the main suspect in a "cum-ex" tax fraud case involving fraudulent applications for $1.8 billion in dividend tax refunds. He has consistently denied any wrongdoing.

April 6, 2023

Opposition Confronts German Chancellor Olaf Scholz With His Involvement In The Cum-Ex Tax Fraud Scheme!

The Cum-Ex scheme was an international big-style tax fraud. Banks, stock traders, and lawyers had obtained billions from European treasuries through suspected fraud and speculation..

April 5, 2023

Dubai Is No Safe haven: Alleged CumEx mastermind in Denmark’s largest tax fraud must be extradited!

After a lengthy legal tug-of-war, the court in Dubai has ruled that Sanjay Shah, the alleged mastermind in the so-called DKK 12.7 billion dividend fraud case, must now be extradited from Dubai to Denmark. This ended a legal tug-of-war that had lasted several years. He and another Briton named Anthony Mark Patterson allegedly unjustly pocketed billions of kroner in dividend tax refunds. Shah faces 12 years in prison if found guilty. He pleaded not guilty.

OpenAI Closes $6.6 Billion Funding at $157 Billion Valuation, Nearly Doubling its Valuation!

The AI pioneer OpenAI under Sam Altman closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation. OpenAI’s $157 billion valuation underscores its AI dominance, yet losses loom large. Will Thrive Capital, Microsoft, and Nvidia’s backing help steer the ship through the challenges ahead? Stay tuned for more.

High-Profile Maltese Money Laundering & Corruption Case Continues with Keith Schembri Challenging Forensic Expert’s Impartiality!

Keith Schembri, former Chief of Staff of the Maltese Prime Minister, is accused of money laundering and corruption. His legal team has requested that forensic expert Samuel Sittlington, Police Commissioner Angelo Gafa, and former Deputy Commissioner Alexandra Mamo testify to clarify alleged negotiations for consultancy services during the investigation. The defense calls into question the expert’s independence, further complicating an already contentious trial.

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.

Evil Corp: A Comprehensive Report on Russia’s Family-Driven Cybercriminal Organization!

The U.S. Department of Justice and Department of Treasury have taken significant action against Evil Corp, a Russia-based cybercriminal group responsible for developing and distributing malware that has stolen over $100 million from banks and financial institutions across 40 countries. Evil Corp appears to operate as a family enterprise, with multiple family members involved.

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.