The arrest of Pavel Durov, Telegram’s founder, as part of an investigation into illicit activities on the messaging app set off worries about the personal liability of tech executives.
Category: Money Laundering
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Smartmatic Executives Charged With Bribery of Philippine Official
The Justice Department said the executives from the voting technology company had funneled at least $1 million to obtain a contract to provide voting machines in the 2016 Philippine elections.
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Fraud Case Against Rich Exile Who Riled Beijing Goes to Jury
Guo Wengui fled China and allied with the American right in a quixotic quest to end Communist rule. U.S. prosecutors say he stole over $1 billion from his followers.
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Fraud Trial to Begin for Chinese Billionaire Who Allied Himself With America’s Right
Charged with defrauding thousands of investors in the U.S. and overseas of more than $1 billion, Guo Wengui could face decades in prison.
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Binance’s Founder Plans a Comeback Even as He Faces Prison Time
Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.
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How a Crypto Compliance Officer Ended Up in a Nigerian Prison
Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.
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How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases
Here’s how the former crypto mogul’s 25-year sentence stacks up against the prosecutions of Michael Milken, Bernie Madoff and others.
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Judge Rules Against Corporate Transparency Act Disclosure Provision
An Alabama judge barred the government from collecting certain company ownership data to help the Treasury Department identify money launderers, and called the effort a case of congressional overreach.
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Why Lobbyists Are Still Fighting Congress on Money Laundering
A law to require disclosure of corporate ownership takes effect Jan. 1. Small businesses and banks say it would be too burdensome and are turning to lobbying and the courts to delay or block it.