A three-judge panel of the U.S. Court of Appeals for the Second Circuit in Manhattan officially upheld the fraud conviction of Sam Bankman-Fried on Friday, rejecting the former FTX CEO’s efforts to overturn his 2023 criminal sentencing. The court found that the prosecution’s evidence against the disgraced cryptocurrency executive was
Enforcement Directorate Targets Assets in Ongoing Probe The Enforcement Directorate (ED) has formally attached assets worth Rs 100 crore belonging to two companies as part of its ongoing investigation into the financial irregularities surrounding Jaypee Infratech Limited (JIL). Executed under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, this action marks a…
CBI Launches Multi-City Operation The Central Bureau of Investigation (CBI) launched coordinated searches at six locations across Chandigarh, Panchkula, and the Delhi-NCR region this week as part of an ongoing investigation into an alleged ₹661-crore fraud involving government funds. The case centers on the misappropriation of public money, with the probe specifically targeting transactions linked…
Federal prosecutors have charged a Google software engineer with insider trading, alleging that he utilized confidential company information to place profitable bets on the prediction market platform Polymarket. The individual, whose identity remains under scrutiny as the investigation unfolds, reportedly generated over $1.2 million in illicit gains by wagering on events before they were publicly…
The Enforcement Directorate (ED) arrested Satinder Singh Bhasin, the owner of Greater Noida’s Grand Venice Mall, on May 29 in connection with a major money-laundering investigation. Acting under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the agency took the developer into custody following a specific directive from the Supreme Court of…
CBI files chargesheet against Reliance Communications and 15 others in a major loan fraud case involving Rs 2,929 crore.
The Allegations Against HTX The United Kingdom government has officially sanctioned the cryptocurrency exchange HTX, formerly known as Huobi, alleging the platform served as critical infrastructure for the Russian Federation to bypass international financial restrictions. According to officials in London, the exchange facilitated the movement of approximately $1.5 billion in assets, effectively providing the Kremlin…
Fugitive Malaysian financier Jho Low, the alleged mastermind behind the multi-billion dollar 1MDB scandal, recently sought a presidential pardon from former U.S. President Donald Trump, nearly a decade after he disappeared amidst the global embezzlement scheme involving approximately $4.5 billion. This unexpected move, confirmed by sources close to the matter, comes as international authorities continue…
Discover how Bank of America Securities settled a significant insider trading case with SEBI, underscoring India’s market integrity efforts.
The Supreme Court of India recently signaled a hands-off approach regarding the arrest of individuals involved in the Anil Dhirubhai Ambani Group (ADAG) bank fraud case, stating the bench is
The Scope of the Investigation Federal authorities unsealed a sweeping indictment on May 6, charging 30 individuals across the globe for their alleged participation in a decade-long insider trading scheme that compromised confidential data from elite U.S. law firms. The U.S. Department of Justice and the Securities and Exchange Commission (SEC) allege that the defendants,…
Government regulators are intensifying scrutiny of digital gaming platforms across the country this week, amid growing concerns that banned online gambling operations are rebranding as legitimate e-sports to evade detection. Law enforcement agencies report that operators of illegal money games are exploiting loopholes in digital regulations, specifically targeting younger demographics under the guise of competitive…
The Enforcement Directorate (ED), marking its 70th year, is aggressively escalating its investigations into financial crimes across India, asserting its power to proceed with probes under the Prevention of Money Laundering Act (PMLA) even if the predicate offense fails, amidst a significant rise in crypto and cyber-related illicit activities, while simultaneously defending its robust enforcement…