Tweet Agents from NCIS have charged several prisoners, who used social media and online dating sites, with extortion and money laundering for blackmailing members of the military for money. The scheme cost 442 service members from the Army, Navy, Air Force and Marine Corps from across the United States more than $560,000 in financial losses. […]
Tweet 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. Mr. Stefansson was arrested in February 2018 in Iceland with several others, and ordered held in connection with computer theft, for over $2M worth of mining equipment. He was […]
Tweet 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 […]
Tweet 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 […]
Tweet Updated December 26, 2019 – On November 1, 2019, the High Court of Hong Kong reversed its decision and agreed to order a mareva injunction sought by Nico Constantijn Samara against CitiBank and Gatecoin digital currency exchange. This is one of those stories that could only happen in the Bitcoin world. In June 2017, […]
Tweet Vancouver’s James Ellingson A Vancouver man, James Ellingson, is the subject of an extradition request by the Southern District of New York (“SDNY“), based on charges that include money laundering and narcotics importation. Ellingson was arrested in Vancouver on October 29, 2018, under an Extradition Act provisional warrant. According to the SDNY, Ellingson sold drugs on […]
Tweet 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 […]
Tweet 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 […]
Tweet 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 […]
Tweet Who is Meng Wanzhou? Meng Wanzhou is the daughter of the founder of Huawei Technologies Co., one of the largest technology companies in the world based in China. Huawei is one of the largest companies in the world in artificial intelligence (“AI“). Wanzhou leads its AI development and she is the most powerful woman […]