financial-crime
13 stories related to this topic, newest first.
nypost.comFBI Arrests 19 in Decade-Long Insider Trading Scheme Involving Coded Communications
Federal authorities unsealed charges against 30 people on May 8 2026 for allegedly stealing confidential information from more than two dozen merger and acquisition deals at top U.S. law firms. The scheme, which lasted approximately a decade, netted participants tens of millions…
yna.co.krSeoul Prosecutors Indict 9 in Alleged KOSDAQ Share-Price Manipulation Case
The Seoul Southern District Prosecutors Office announced the arrests of three ringleaders and indictments of nine others in a scheme that generated at least 1.4 billion won in illegal profits. The ring manipulated a KOSDAQ-listed company's stock from December 2024 to April 2025 u…
americanbanker.comFormer Oklahoma Bank CEO Danny Seibel Pleads Guilty to Bank Fraud
Danny Seibel, the former president and chief executive officer of the failed First National Bank of Lindsay, pleaded guilty in federal court to one count of bank fraud. The conviction triggers mandatory sentencing proceedings and closes the DOJ's prosecution of the executive who…
app.buzzsumo.comGWG Holdings Chairman Bradley Heppner Convicted of Fraud
A federal jury in Manhattan found Bradley Heppner guilty on all counts after a three-week trial before U.S. District Judge Jed S. Rakoff. The conviction removes a former public-company chairman from leadership and triggers mandatory sentencing proceedings under federal fraud stat…
The BbcIllegal Money Lenders Use Threats and Documents to Control Borrowers
Investigators seized weapons and identity documents including babies' passports during raids on suspected illegal money lenders. Victims have described threats of violence that led some to attempt suicide and pay back far more than originally borrowed. Officials received 597 repo…
chicago.suntimes.comVladimir Sklarov Charged With Fraud in $450 Million Loan Deal Involving Ricardo Salinas Pliego
A U.S. indictment unsealed Monday charges Vladimir Sklarov with using aliases and a sham company tied to the historic Astor family to defraud Mexican billionaire Ricardo Salinas Pliego. Sklarov was arrested in Chicago on Saturday after allegedly selling collateral shares worth at…
Financial TimesU.S. Prosecutors Charge 30 in Global Insider Trading Scheme
Officials announced charges against 30 people for their involvement in a decade-long insider trading ring that generated tens of millions of dollars in illegal profits. Elite Wall Street lawyers are accused of aiding the operation. The scheme spanned multiple countries and lasted…
manilatimes.netVirginia dual national charged in decade-long $6.6 million wire fraud scheme
A dual U.S.-Philippine national faces federal charges in Boston for allegedly stealing more than $6.6 million from his employer between 2014 and 2024. The indictment triggers a criminal proceeding that could result in asset forfeiture and restitution to the victim company.
indianexpress.comFlorida Man Sentenced to 32 Months for Bank Fraud and Identity Theft
Richard Harris, 23, received a 32-month prison term and a $32,000 restitution order after conviction on bank fraud and identity theft charges. The sentence places Harris in federal custody and requires repayment of documented victim losses through court collection processes.
foxbusiness.comEx-Santander Employee Pleads Guilty to $125000 Theft From Dementia Patient
A former Santander Bank employee pleaded guilty in U.S. District Court in Providence to stealing more than $125,000 from the account of a 78-year-old customer with dementia. The plea fixes the defendant's liability and shifts the case to sentencing where restitution and prison ti…
Substrate placeholder — needs reviewOver 300 Foreign Nationals Arrive in Malaysia Seeking Justice in $25 Billion Fraud Case
More than 300 foreign nationals, mostly from mainland China, arrived in Malaysia on April 21, 2026, after losing over 8 billion ringgit to a fraudulent scheme. The scam, named High Inspirations and run by a Penang-based Malaysian, operated for over three years with promises of up…
Substrate placeholder — needs reviewTwo Americans Sentenced for Role in $5 Million North Korea IT Worker Fraud Scheme
Two Americans have been sentenced for their involvement in a scheme that helped North Korea steal approximately $5 million through a fake IT worker fraud operation. The scheme involved creating fraudulent employment contracts and wire transfers to facilitate the theft.
Substrate placeholder — needs reviewKuwaiti Interior Ministry Details Methods in Money Laundering Case
The Kuwaiti Interior Ministry reported that individuals accused in a money laundering case used commercial entities to clean funds. The ministry stated that the accused transported the money by air and land through individuals to avoid detection. This follows the ministry's annou…