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March 31, 2023

Disgraced Former CEO Joseph Cuschieri Breached MFSA Guidelines And ECB Code Of Conduct.

Unsurprisingly, the former CEO of the Malta Financial Services Authority (MFSA), Joseph Cuschieri, violated the regulators' ethics. An internal ethics probe into the regulator's former CEO has determined that he infringed the MFSA's and the European Central Bank's guidelines by going on a 2020 trip to Las Vegas with businessman Yorgen Fenech, who footed the bills for their flights and accommodation.

Corruption

October 20, 2022

The Maltese Blogger Killing – New Convictions But Still Waiting For The Alleged Masterminds’ Trials!

Last week, two brothers, George Degiorgio, 59, and Alfred Degiorgio, 57, charged with the car-bomb assassination of the Maltese journalist and blogger Daphne Caruana Galizia in October 2017 have been sentenced to a 40-year prison term. They pleaded guilty to her murder on the first day of their trial. Caruana Galizia, the "one-woman Wikileaks" had investigated political corruption in Malta and abroad. She was known as a harsh critic of the Maltese government.

January 29, 2021

The Maltese Compliance Mess and the former MFSA CEO’s attempt to silence FinTelegram

The Maltese regulator MFSA is currently having a difficult time. Compliance is a rather exotic chapter in Malta. The opposition has revealed that the former head of MGA and short-lived MFSA CEO Joseph "Joe" Cuschieri accomplished more compliance breaches in just a few weeks than the entities supervised by the regulator. He allegedly did so even with the approval of then-Prime Minister Joseph Muscat. The misconduct uncovered includes 38 paid business trips with Edwina Licari and a free business trip to Las Vegas from the alleged murder mastermind.

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.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.