financial crime

By Anand Vasu Pope Francis has said that laws must reflect “the equality of all members of the church,” indicating that further reforms of the Vatican City penal code were likely, especially to deal with financial crimes. In a March 27 meeting...

By Anand Vasu Leroy King, 74, of Dickerson Bay, Antigua, the former chief of Antigua’s Financial Services Regulatory Commission (FSRC) was sentenced on Feb. 24 to 10 years in prison for his role in connection with a $7 billion Ponzi scheme involving...

By a Biometrica staffer If you think scammers also took a break during the Covid-19 pandemic, think again! On Feb. 4, the Federal Trade Commission's (FTC) said it received more than 2.1 million fraud reports from consumers in 2020. Imposter scams were...

By a Biometrica staffer A man from Maryland pleaded guilty to his role in a scheme that involved diverting hundreds of thousands of dollars meant for the reconstruction of Afghanistan for his own use instead, the Department of Justice said in a...

By a Biometrica staffer Interpol issued a global alert to law enforcement across its 194 member countries warning them to gear up for organized crime networks targeting covid-19 vaccines. The group’s Orange Notice warned the international community to prepare for possible infiltration...

By a Biometrica staffer An Indian national was sentenced to 20 years in prison, followed by three years of supervised release, for his role in operating a scam that defrauded US victims out of millions of dollars between 2013 and 2016. Hitesh...

By a Biometrica staffer Two leaders of ‘Team Xecuter,’ one of the world’s most notorious videogame piracy groups, have been arrested and are in custody facing charges in Seattle, the US Department of Justice said in a statement. The group grew so...

By a Biometrica staffer A man from Georgia has been sentenced to 5 years in prison followed by three years of supervised release for running a Ponzi scheme that ensnared over a hundred victims, including college students, the US Department of Justice...

By a Biometrica staffer A Texan woman has been taken into custody on allegations of defrauding the Paycheck Protection Program (PPP) of more than $1.9 million in forgivable loans, the US Department of Justice said in a statement. The Small Business Administration...

By a Biometrica staffer Former New York Jets wide receiver Joshua J Bellamy was arrested in Florida and charged for his role in a scheme that involved defrauding the Paycheck Protection Program (PPP). The National Football League (NFL) player and his associates...

By a Biometrica staffer An attorney from New Jersey was arrested on charges of defrauding the Paycheck Protection Program (PPP) by obtaining about $9 million in loans, the US Department of Justice said in a statement.   Jae H. Choi, a licensed...