it’s finally nutcracker season

The former chief financial officer of The Epoch Times pleaded guilty to his role in a scheme to launder at least $67 million in illicitly obtained funds to benefit the newspaper company. www.mlex.com/mlex/financi...

A former financial director for Stericycle in Latin America was fined and sentenced in the US to time served over his role in a foreign bribery scheme at the waste-management firm. www.mlex.com/mlex/article...

Indian billionaire Gautam Adani was ordered by a US judge to give a sworn affidavit answering whether he was aware of anything promised, agreed to or exchanged for the US government's decision to dismiss criminal charges against him. www.mlex.com/mlex/financi...

A U.S. judge was skeptical of arguments on Wednesday from lawyers for a former Goldman Sachs banker over evidence from an unnamed confidential source they want to block from his upcoming corruption trial. www.mlex.com/mlex/article...

As the US Justice Department tries to dismiss a fraud and corruption case against Indian billionaire Gautam Adani, a senior official provided a glimpse of how the government applies foreign bribery enforcement guidelines issued last year after a review of the law ordered by President Donald Trump.

Reza Zarrab, a leader of an Iran sanctions evasion and money laundering scheme, should receive credit at sentencing for his cooperation with US investigators and his testimony in a 2017 trial, prosecutors said Monday. Zarrab is scheduled to be sentenced July 14. www.mlex.com/mlex/financi...

Criminal charges against Indian billionaire Gautam Adani and several others should be dismissed because the conduct occurred abroad and involved foreigners, the case is difficult to prove and it is inconsistent with US priorities, a Justice Department official said in a July 4 court filing.

A friend and former business partner of EagleBank's ex-chairman and chief executive, and the friend's son, were able to carry out a check kiting scheme through the bank for more than a decade, according to a document released in a settlement announced this week. www.mlex.com/mlex/financi...

Though the US Justice Department filed a notice of appeal against a judge's decision to throw out the conviction of a Texas-based Mexican businessman for paying bribes to Mexican officials, it hasn't decided whether, or on what grounds, to proceed, according to a court filing.

A US judge delayed the trial of Aliaksandr Klimenka, a man accused of controlling the BTC-e cryptocurrency platform, to November. www.mlex.com/mlex/financi...

A Maryland attorney sued the US for $30M, alleging that the Justice Department's foreign bribery unit targeted him in a malicious prosecution over his work recovering assets for the Somali government. The charges were dropped in 2024. They rested entirely on the testimony of a case agent, he said.

Exiled Chinese businessman Miles Guo was sentenced to 30 years in prison for bilking his followers and investors out of $1 billion. www.mlex.com/mlex/article...

A Vietnamese man pleaded guilty to an identity theft conspiracy charge as part of a broader money laundering case involving a New York-based media company. The company isn't named in the case, but it involves the Epoch Times, a far-right newspaper affiliated with the Falun Gong religious group.

A former Goldman Sachs banker is battling with federal prosecutors over the inclusion of evidence from a confidential source witness who is not expected to testify at his upcoming corruption trial. www.mlex.com/mlex/financi...

Federal prosecutors have failed to justify their dismissal charges in a high-profile fraud and corruption case involving Indian billionaire Gautam Adani, a US judge ruled Friday, demanding further explanation for their decision. www.mlex.com/mlex/financi...

A Venezuelan businessman made his initial appearance in Miami federal court on Wednesday on charges that he had laundered the proceeds of inflated contracts obtained by making bribe payments to officials of PDVSA joint venture subsidiaries, according to court records. www.mlex.com/mlex/financi...

Lawyers for Indian billionaire Gautam Adani and two others held months of "detailed and extensive communications and meetings" with the US Justice Department urging prosecutors to dismiss criminal charges in a high-profile fraud case, according to a new court filing. www.mlex.com/mlex/financi...

just arrived

Hu Xiowei, the reputed second in command of the Prince Group, was sanctioned Tuesday by the US government, days after he was reportedly arrested by Japanese authorities. The US also widened its efforts against Huione Group, a conglomerate used by the Prince Group to transfer and consolidate assets.

New: A collapsed UK telecoms firm faces a UK SFO probe over alleged fraud, false accounting and money laundering. The case was made public as the Manhattan DA's office charged six people and two companies over an alleged $76.4 million fraud in a parallel investigation. www.mlex.com/mlex/financi...

A recent European Union Court of Justice ruling could limit the reach of US sanctions, blunting the effect of a blacklisting on those in the bloc. w/ @coylester10.bsky.social www.mlex.com/mlex/financi...

Huawei finance chief Meng Wanzhou's admissions about the company's dealings in Iran can be introduced in the technology giant's upcoming trial, a US judge ruled. The trial begins Sept. 8. www.mlex.com/mlex/financi...

Robert Bosch agreed to resolve a US Commerce Department investigation into sales by two subsidiaries of high-tech sensors and automotive technology to Huawei, a Chinese company on a trade restrictions list. Prosecutors declined to bring charges in the case. The sensors have a range of consumer uses.

From the London Desk --> Former Nigerian oil minister Diezani Alison-Madueke was found not guilty of bribery following a long-running trial that saw her face allegations that she lived a luxurious lifestyle in the UK funded by energy executives. www.mlex.com/mlex/financi...

A US judge formally dismissed criminal charges against Halkbank after the Trump administration reached a deal with the Turkish state-owned bank to resolve the long-running sanctions violations case. The dismissal is expected to relieve an issue that had loomed over US-Turkey relations for years.

Two US senators launched an investigation into a US Justice Department decision to drop criminal fraud charges against Indian billionaire Gautam Adani after he hired Trump's personal lawyer and reportedly offered to invest $10 billion in the US. www.mlex.com/mlex/article...

My most crank New Yorker take is that the pools should open the same day as the beaches. They don’t for another two weeks; the beaches opened three weeks ago. As @jamellebouie.net says, it’s a perfect day for a public pool

A US appeals court rejected FTX founder Sam Bankman-Fried's appeal against his fraud conviction and 25-year prison sentence for stealing billions of customer deposits and investor funds provided to his collapsed cryptocurrency exchange. He has petitioned for a pardon. www.mlex.com/mlex/financi...