Prison Financial News

Canada's anti-money laundering agency on Thursday said it had imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the money laundering and terrorist financing laws. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Binance had failed to register as a foreign money services business with the intelligence body despite several deadlines.

The Venezuelan Police seized Bitcoin (BTC) mining hardware, rocket launchers and a ton of other items as it recaptured the Tocoron prison which has been under the control of inmates. 

Philadelphia jail yard by scaling a wall, climbing over razor wire and jumping from a roof in a breakout that wasn’t detected by guards for a full hour, authorities said Wednesday as the killer eluded a widening manhunt for a seventh day.The timeline and details of the escape of Danelo Cavalcante — including that he got out using the same route another prisoner took in May — were released as police from various agencies have flooded a search zone of increasingly worried residents. A tower guard on duty during the breakout, who has not been named, was put on leave as part of the escape investigation.The escape and search have attracted international attention and became big news in Cavalcante’s native country of Brazil.

Danelo Cavalcante, who fled a prison in the state. The search was intensified on the sixth day of his escape after he was captured on a trail camera at a popular botanic garden. Cavalcante escaped from the Chester County Prison on Thursday when he was waiting to be shifted to a state facility. He was sentenced to life in prison for fatally stabbing his girlfriend in front of her children. He was also wanted in a murder case in his native country Brazil.

Wells Fargo & Co.’s former head of retail banking should spend a year in prison for impeding a probe of the bank’s practice of opening millions of accounts for customers without their authorization, prosecutors said.

Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. The country's most famous politician returned to Thailand last week in a dramatic homecoming after 15 years abroad in self-exile to avoid jail time after he was ousted by the military in 2006. He arrived on a private jet and was transferred to prison to serve an eight-year sentence on charges of abuse of power and conflicts of interest from during his time in power. On the first night, he was moved to a police hospital over chest pains and high blood pressure. On Thursday he submitted a request for a royal pardon. Thaksin «was a prime minister, has done good for the country and people and is loyal to the monarchy,» the royal gazette said on Friday. «He respected the process, admitted his guilt, repented, accepted court verdicts.

Supreme Court Committee on Prison Reforms has said, underlining that speedy trial can become an effective tool to address the issue of overcrowding in jails.

California Gov. Gavin Newsom is planning to spend $360 million demolishing a sprawling former furniture factory at San Quentin State Prison and replacing it with something reminiscent of a college campus

Nate Chastain, the ex-head of product at NFT platform OpenSea, has been sentenced to three months in prison for profiting tens of thousands of dollars through insider trading of assets showcased on the platform's homepage.

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication.

A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform.

A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chinese Yuan ($329 million) Bitcoin mining enterprise and unrelated charges of corruption. 

Indian-origin laboratory owner from the US state of Georgia was sentenced to 27 years in prison for his involvement in a USD 463 million genetic testing scam spanning over three years to defraud Medicare. Minal Patel, who owned LabSolutions LLC, was sentenced on Friday to 27 years in prison for his role in the scheme to defraud Medicare by submitting over USD 463 million in genetic and other laboratory tests that patients did not need and were procured through the payment of kickbacks and bribes.

Tammy Sytch, renowned in the 1990s as the WWE 'Diva' Sunny, has taken a significant legal step by entering a plea of «nolo contendere» in response to charges related to a fatal car accident. The incident, which occurred on March 22, 2022, in Ormond Beach, Florida, led to the tragic death of a 75-year-old man.

An individual, identified only as Mr. Chen, has been convicted by the Fuzhou Mawei People's Procuratorate on charges of "offense of concealment and concealment of crime" for purchasing 94,988 ($13,067) Chinese Yuan worth of Tether (USDT) for an acquaintance.

Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York's most notorious prisons — a far cry from his parent's multi-million dollar five-bedroom home in Stanford.

Tory Lanez was sentenced on Tuesday to 10 years in prison, more than seven months after he was convicted of shooting fellow musical artist Megan Thee Stallion during an argument in 2020. Judge David Herriford handed down the sentence to the 30-year-old rapper, whose legal name is Daystar Peterson, during a hearing in Los Angeles Superior Court that had been pushed back by delays. On Dec.

Imran Khan's conviction on graft charges has led to a stark and unexpected contrast from his once-glamorous lifestyle. Khan, known for his charismatic persona both on the cricket field and in politics, finds himself detained in a remote and overcrowded prison, highlighting a significant fall from grace. Khan's legal team and political party have raised concerns about the conditions of his detention. After his conviction, Khan was designated for incarceration at Rawalpindi's Adiala jail, but he was subsequently transferred to District Jail Attock, a facility located approximately 80 kilometers (50 miles) west of Islamabad. The move has sparked debate over the appropriateness of his placement in a prison primarily housing hardened criminals, lacking the amenities typically afforded to political prisoners.

Khan's party on Monday petitioned the Islamabad High Court to shift the jailed former prime minister from the Attock jail in Punjab province to Rawalpindi's high-security Adiala prison, keeping in view his affluent family background, social and political status. In a petition, the lawyer of the Pakistan Tehreek-e-Insaf (PTI) party requested the Islamabad High Court to transfer the deposed premier where A-class facilities are available, adding that his family, lawyers and his physician Dr Faisal Sultan should be allowed to meet him.

Imran Khan, Pakistan's popular opposition leader, is now an inmate at a high-security prison after being convicted of corruption and sentenced to three years. It's the most dramatic twist yet in months of political and legal wrangling between Khan and his political rivals since he was toppled in a parliamentary no-confidence vote in April 2022.

Portland in south-west England has become a battleground of emotions and opinions as the UK government's plan to house 500 asylum seekers on a large barge in its harbour faces intense opposition from local residents. Perched atop the town, the imposing 93-meter-long Bibby Stockholm stands as a symbolic embodiment of the contentious proposal. With its 222 cabins, the barge is slated to accommodate up to 500 asylum seekers in the coming months. However, the plan hit a snag as the first arrivals, scheduled for Tuesday, were thwarted by a last-minute hitch. The concept of relocating asylum seekers to docked barges is not merely about cost-saving; it also aims to serve as a deterrent for illegal crossings.