Nordea Bank could face an estimated maximum fine of almost $1 billion over alleged failures to stop money laundering if it loses its case with Denmark, according to some legal experts, an amount that would far exceed the lender’s own …
CHARLESTON, S.C. (AP) — A longtime friend of disgraced South Carolina attorney Alex Murdaugh was sentenced Tuesday to nearly four years in prison for scheming to steal millions of dollars in insurance settlements from the sons of Murdaugh`s dead housekeeper. …
For much of disgraced South Carolina attorney Alex Murdaugh’s double murder trial, witnesses have talked about a generous and loving man — but prosecutors want jurors to know that same man stole over $4 million from his housekeeper’s relatives after …
WASHINGTON (AP) — A Russian national who founded a cryptocurrency exchange that the Justice Department says became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday. Anatoly Legkodymov, who lives in China, was arrested …
A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of stealing $4.9 million from clients, a federal appellate court ruled. A panel of …
US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage …
As the criminal trial of a New York lawyer charged with bilking lottery winners out of millions of dollars got underway this week in a federal court in Brooklyn, one insurer was likely watching closely as it will be picking …
LONDON — Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses …
WASHINGTON (AP) — The Justice Department is poised to sue government contractors and other companies who receive U.S. government grants if they fail to report breaches of their computer systems or misrepresent their cybersecurity practices, the department’s No. 2 official …
WASHINGTON (AP) — The Biden administration sought Tuesday to choke the finances of criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say helped at least eight ransomware gangs launder virtual currency. The Treasury Department sanctions …