A guy stole $2M in Bitcoin mining equipment, escaped from prison, jumped on a plane with the Prime Minister of Iceland and no one stopped him

Sindri Por Stefansson was recently sentenced to 4 1/2 years in prison in Iceland for masterminding the theft of $2M worth of Bitcoin mining machines. This is another one of those stories that only happens in the Bitcoin world. Mr. Stefansson was arrested in February 2018 in Iceland with several others, and ordered held in [...]

US identifies Canada as major money laundering country, and notes concern over its low prosecution rate

Canada once again a “Major Money Laundering” country The 2019 “International Narcotics Control Strategy Report” (INCSR) published on Friday by the U.S. Department of State identifies Canada once again as a “major money laundering country” along with a host of risky countries for financial crime. A “major money laundering country” is one whose banks and financial [...]

Vancouver ICO firm co-founders alleged to have defrauded investors of $30 million over EtherParty ICO

RCMP Investigation According to court filings in Canada, Kevin Hobbs and Lisa Chang, the two co-founders of an ICO called EtherParty FUEL and an associated company, Vanbex, based in Vancouver, are allegedly under investigation by the Federal and Serious Organized Crime Division of the RCMP for, inter alia, fraud and are also allegedly under investigation by [...]

SNC Lavalin – its about “playing true”

Sometimes non-lawyers ask me about the SNC Lavalin situation – some don’t get what all the fuss is about. And I get why they don’t get it  – while most lawyers across Canada were troubled by the prospect of the interference in a prosecution by politicians for political gain occurring in Canada, I think it [...]

A guy says he gave $3M of Bitcoin to a stranger to sell in Hong Kong and, you guessed it, says he never saw it again

This is one of those stories that could only happen in the Bitcoin world. In June 2017, a guy named Nico Constantijn Samara, from the Netherlands, who owned over 1,000 Bitcoin worth US$3.1 million, travelled to Hong Kong to sell them to a stranger. When he arrived, he discovered that under Hong Kong banking law, [...]

Alleged drug dealer in Vancouver tied to Silk Road facing extradition

A Vancouver man, James Ellingson, is the subject of an extradition request by the US, based on charges that include money laundering and narcotics importation from the Southern District of New York (“SDNY“). Ellingson was arrested in Vancouver on October 29, 2018, under an Extradition Act provisional warrant. According to the SDNY, Ellingson sold drugs on the [...]

How artificial intelligence is changing investigations, policing and law enforcement

Artificial intelligence is having a significant positive impact on the ability of law enforcement to identify criminals and to detect and investigate crime.  In the process, it is changing the face of policing. Early AI in Money Laundering AI in law enforcement is not new. Two areas where AI was used early on in law enforcement were [...]

Listed terrorist organization asks for Bitcoin

According to an article in CCN today, a person who may be a supporter of HAMAS, a listed terrorist organization, allegedly took to social media – in particular Twitter – to solicit financial support with Bitcoin. The Twitter account is still operational even though, if the story is accurate, the tweet constitutes an attempt at [...]

World’s first bi-national government issued digital currency launched in Middle East

Saudi Arabia and the United Arab Emirates announced yesterday in Abu Dhabi that they have created and launched a joint new bi-national digital currency. The name of the coin has not been released, not the type, not the amount issued, nor its price per coin. According to the governments of both nations, the new Saudi [...]

Former DEA Agent says they were caught off guard on “deep infiltration” of Mexican cartel drug trafficking operation in Canada

Notorious Sinaloa cartel Andrew Hogan, a former agent of the Drug Enforcement Agency (DEA), who, as part of a multi-agency task force that included Homeland Security Investigations, successfully hunted and located the most wanted cartel leader in the world, El Chapo Guzman, says that when monitoring the Sinaloa’s activities, they [the DEA] were most surprised [...]