HONG KONG — The former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of embezzlement and bribery, prosecutors said in a statement Monday, amid an intensified campaign against corruption. The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group has ended and the case would … Read more
The X account belonging to the Securities and Exchange Commission was hacked on Tuesday, allowing a fake announcement to be posted to the web concerning a much-awaited happening in the crypto world: the first Bitcoin ETFs. The announcement claimed the ETFs had been approved but, as it turns out, that’s not true. When it became … Read more
JOHANNESBURG — Thamsanqa Mothobi was going about his life in Johannesburg when he was carjacked and taken to an informal settlement where robbers accessed his mobile banking apps. “They had guns and demanded the PIN codes for my apps. They increased the withdrawal limits in my accounts and emptied them. I was only released in … Read more
Sam Bankman-Fried once faced 13 criminal charges relating to his massive fraud scheme at the crypto exchange FTX. However, he’ll only face consequences for the seven charges he was found guilty of in November. Sam Bankman-Fried Using a VPN, McDonald’s AI Drive Thru Fails, Buzzfeed AI Quizzes Suck | Editor Picks The United States Department … Read more
VATICAN CITY — The Vatican’s chief prosecutor has appealed a court verdict that largely dismantled his theory of a grand conspiracy to defraud the Holy See of millions of euros but found a cardinal guilty of embezzlement. Prosecutor Alessandro Diddi filed his appeal this week of the three-judge tribunal’s decision in a complicated financial trial … Read more
SANTIAGO — Chile’s police on Friday arrested at least 55 people in a fiscal fraud case that could be one of the biggest in the country’s history, amounting to about $275 million and implicating small and mid-sized companies in different parts of the country. Marcelo Freyhoffer, a high officer at Chile’s tax agency, told journalists … Read more
Attorneys for Mauritania’s former President Mohamed Ould Abdel Aziz say he has been sentenced to five years in prison for money laundering and self-enrichment ByAHMED MOHAMED Associated Press and SAM METZ Associated Press December 5, 2023, 11:30 AM FILE – In this Jan. 20, 2019, file photo, Mauritania’s President Mohamed Ould Abdel Aziz, center, attends … Read more
HONG KONG — A Hong Kong court postponed until Jan. 29 a court hearing scheduled for Monday on troubled Chinese property developer Evergrande’s winding-up petition. Evergrande is trying to win support from its creditors for a plan to restructure more than $300 billion in debt to stave off liquidation. The company’s lawyer told the court … Read more
BUENOS AIRES, Argentina — A federal appeals court in Argentina reopened a money laundering investigation into Vice President Cristina Fernández de Kirchner on Tuesday, increasing her legal woes just weeks before she leaves office and loses her immunity from arrest. Fernández, 70, who served as president from 2007 to 2015, leaves office when President-elect Javier … Read more
BEIJING — Australian Prime Minister Anthony Albanese is calling for the “full resumption of free and unimpeded trade” with China in a meeting with his counterpart Li Qiang on the first visit by an Australian leader to China in seven years. Climate change, food security and transnational crime are areas in which the two nations … Read more