Search Results for: Bank Fraud

Nigeria’s President Bola Tinubu suspended on Monday the country’s Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, with immediate effect over allegations of transferring funds related to the government’s social welfare program into a private bank account. The suspension order issued by the Special Advisor to the President on Media and Publicity, Ajuri Ngelale, [...]

A Vatican court sentenced Cardinal Angelo Becciu to 5.5 years in prison Saturday after the prelate was convicted of embezzlement and fraud in relation to a real estate investment scandal that cost the Vatican millions of Euros. The Cardinal was also handed a €8,000 fine and barred from holding public office in the Holy See. [...]

A Nigerian high court granted bail to embattled former central bank governor Godwin Emefiele, who is facing six counts of fraud and corruption charges, on Wednesday. His release, contingent upon a 300 million Naira bond and two sureties with properties in Abuja, followed a reduction in charges from a 20-count indictment alleging a 6.5 billion [...]

It is Thanksgiving Day. The aroma of turkey; of dressing; candied sweet potatoes; green bean casserole; cranberry sauce; freshly baked yeast rolls; giblet gravy, and of pies emanating from the kitchen fills our nostrils. Home is the place to be today. But have you ever given thought to the law of the gobbler? This Day in [...]

US President Joe Biden signed an executive order Monday setting landmark safety and security standards for artificial intelligence (AI). The order will force major AI developers to: share safety test results with the US government; create standardized safety testing; limit biological AI testing; issue best practices for AI fraud prevention; establish AI tools to find [...]

Hunter Biden sued Rudy Giuliani on Tuesday, alleging violations of federal and California law. Biden claims Giuliani acquired Biden’s computer data illegally from John Paul Mac Issac, an owner of a Delaware computer repair shop. Mac Issac allegedly reached out to Giuliani and mailed Giuliani and Attorney Robert J. Costello copies he made of Biden’s [...]

US prosecutors unveiled an indictment against Senator Bob Menendez (D-NJ), his wife and three businessmen on Friday, accusing the senator of using his position to aid three businessmen in financial and pending criminal matters, as well as assisting the government of Egypt, in exchange for bribes. Menendez denied the accusations soon after the indictment’s release. [...]

Ukraine’s main security agency, the Security Service of Ukraine (SBU), published a statement on Saturday handing criminal charges to Ihor Kolomoisky related to money laundering and fraud in his oil and gas holdings. Local news reported that the Shevchenkivskyi District Court of Kyiv ordered Kolomoisky to be held until the end of October. He was [...]

New York Attorney General Letitia James asked a New York court Wednesday to declare that former US President Donald Trump inflated the value of various assets between $812 million and $2.2 million each year since 2011. James asked Judge Arthur Engoron to issue a summary judgment on the matter, which would result in a finding [...]

South African authorities extradited Mozambique’s former Finance Minister Manuel Chang to the US on Wednesday to face corruption charges. Chang faces faces US criminal charges for his role in a $2 billion fraud and money laundering scheme that nearly crashed Mozambique’s economy and victimized individuals in the US. Chang together with 19 others—inclusive of state security [...]