Investigations Financial News

Two Ontario men, one of whom is a self-described “Crypto King,” have been arrested and charged with fraud. They allegedly received over C$40m ($29.4m) from investors.

Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14.

Two Ontario men, including the self proclaimed “Crypto King” have been charged under the Criminal Code of Canada following a joint 16-month investigation by the Ontario Securities Commission and Durham Regional Police called Project Swan.

The Justice Department has determined that Boeing violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft

The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the state-owned oil company

Rescuers in southern Poland have recovered the body of a third miner a day after a cave-in in which 12 other workers were hurt

The Justice Department says Boeing has violated terms of a deal that allowed the giant aircraft manufacturer to avoid prosecution for fraud in 2021

Investigators say a man with a long record of dangerous driving told them he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus

Delhi: The Supreme Court on Wednesday set aside the arrest and remand of Prabir Purkayastha, the chief editor of online news portal NewsClick, pertaining to a case under the Unlawful Activities (Prevention) Act (UAPA). A bench headed by justice BR Gavai ordered the release subject to Purkayastha furnishing surety and bail bond. The bench ruled that «there is no hesitation in the mind of the court to reach to a conclusion that the copy of the remand application in the purported exercise of communication of the grounds of arrest in writing was not provided to the accused appellant or his counsel before passing of the order of remand dated October 4, 2023, which vitiates the arrest and subsequent remand of the appellant». The top court reiterated the distinction between «reasons for arrest» and «grounds of arrest». The judgment reads «The 'reasons for arrest' as indicated in the arrest memo are purely formal parameters, viz., to prevent the accused person from committing any further offence; for proper investigation of the offence; to prevent the accused person from causing the evidence of the offence to disappear or tampering with such evidence in any manner; to prevent the arrested person for making inducement, threat or promise to any person acquainted with the facts of the case so as to dissuade him from disclosing such facts to the court or to the investigating officer.»

The House of Commons standing committee on finance is planning to discuss whether lapses in Toronto-Dominion Bank’s anti-money-laundering controls, which have already drawn regulatory scrutiny in the United States, warrant a deeper look here at home.

An Ontario man who reportedly proclaimed himself the “Crypto King” has been arrested by Durham Regional Police.

NASA has unveiled its plan to construct the first lunar railway system, designed to offer reliable, autonomous, and efficient payload transport on the Moon. In its official blog, NASA said that this durable, long-lasting robotic transport system will be essential for the daily operations of a sustainable lunar base envisioned for the 2030s, as part of NASA’s Moon to Mars initiative and mission concepts like the Robotic Lunar Surface Operations 2 (RLSO2). «Moreover, NASA has proposed a solution for transporting regolith mined for ISRU consumables (H2O, LOX, LH2) or construction materials, as well as for moving payloads around the lunar base and to/from landing zones or other outposts,» NASA added. The agency introduced FLOAT — Flexible Levitation on a Track — to address these transportation needs. The FLOAT system utilizes unpowered magnetic robots that levitate over a 3-layer flexible film track. This track comprises a graphite layer for passive floating using diamagnetic levitation, a flex-circuit layer for generating electromagnetic thrust to propel robots along the tracks, and an optional thin-film solar panel layer for power generation when exposed to sunlight.

Zomato, adding that his “religious sentiments were hurt". Zomato replied promptly to Pankaj Shukla's post on X (formerly Twitter), which featured a photo and a video of the biryani. In the post, Shukla, a vegetarian, said he received a full refund for his order but had still decided to write it.

High Court in Pakistan on Wednesday granted bail to Imran Khan in the 190 million pounds corruption case, in which the jailed former prime minister and his wife are accused of receiving land worth billions of rupees as a bribe from a real estate tycoon. A two-member bench of the Islamabad High Court had reserved the verdict on Tuesday after the completion of arguments. On Wednesday, the court asked Khan to submit a surety bond of Rs 1 million in order to secure bail. However, the order will not result in the ex-premier's release from Adiala jail since his sentences in the Iddat and cypher cases are yet to be suspended.

Enforcement Directorate (ED) on Wednesday arrested Jharkhand Minister and Congress leader Alamgir Alam in connection with a huge cash recovery from the household help of his personal secretary and state administrative service officer Sanjeev Kumar Lal. The Congress leader on Tuesday grilled by ED officials for over nine hours in connection with a money laundering case. Alam, the state's Rural Development minister, arrived at the ED office around 11 am and came out of the office around 8.30 pm. The probe agency had last week arrested Alam's personal secretary and state administrative service officer Sanjeev Kumar Lal (52) and the latter's domestic help Jahangir Alam (42), following the seizure of more than Rs 32 crore cash from a flat linked to them.

Also Read: Bomb scare in Delhi again! Tihar Jail gets threat email after schools and hospitals Seven schools, including five private schools and two government run schools, received bomb threat emails in a span of 72 hours. Additional Commissioner of Police (Law and Order) Harish Chandra said that most schools reported the threat emails to police on Tuesday. The school authorities got to know about the threat mail on Tuesday, as schools were closed on Sunday and Monday.

Digital asset investment firm BlockTower Capital faces a major setback after fraudsters compromised its main hedge fund.

cyber criminals posing as police or other law enforcement agencies. The ministry said this is an organised online economic crime operated by cross-border crime syndicates. Across the country, several victims have lost large amounts of money to such criminals, it said. «A large number of complaints are being reported on National Cyber Crime Reporting Portal (NCRP) regarding intimidation, blackmail, extortion and 'digital arrests' by cyber criminals posing as police authorities, Central Bureau of Investigation (CBI), Narcotics Department, Reserve Bank of India (RBI), Enforcement Directorate and other law enforcement agencies,» the MHA pointed out in its statement. Elaborating on the modus operandi of these fraudsters, the ministry claimed that they typically call a potential victim and inform that he or she has sent or is the intended recipient of a parcel, which contains illegal goods, drugs, fake passports, or any other contraband item. Sometimes, they also inform that a near or dear one of the victims has been found to be involved in a crime or an accident and is in their custody. The fraudsters will then demand money to compromise the 'case', the ministry elaborated.

President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national security risk.”

Boeing is losing more aircraft orders than it is taking in

The U.S. government’s highway safety agency has opened another investigation of automated driving systems, this time into crashes involving Waymo’s self-driving vehicles