Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
A group known for its past blockchain fraud activities has reportedly launched a fresh scheme on Blast. According to ZachXBT, an on-chain detective, the group has moved approximately $1 million in laundered funds to Base to fuel its new scam. The unnamed group initially transferred the funds from an Ethereum (ETH) address linked to previous scams, from...
The Nigerian government has located Binance executive Nadeem Anjarwalla in Kenya after he escaped custody. The government is now hoping to bring him back to Nigeria. Punchng.com, citing sources within the Nigerian presidency working on the case, confirmed that Anjarwalla’s whereabouts in Kenya are known. Efforts are underway to coordinate with Kenyan authorities to return him to Nigeria. Anjarwalla is believed...
The zkSync decentralized exchange project, ZigZag, has accused the decentralized gambling platform ZKasino of fraud, claiming that the money used to build ZKasino was stolen from the ZigZag Treasury. ZigZag founder Kedar Iyer called out ZKasino founders on X, saying: “They would claim they were taking money out to pay developers for building the ZigZag frontend,...
Wen Jian was found guilty by a London court on one count of Bitcoin money laundering in connection to a $6 billion Chinese investment scam. On March 20, a U.K. jury found sufficient evidence linking Jian to Qian Zhimin, the apparent mastermind of a multi-year Bitcoin (BTC) fraud scheme that impacted some 130,000 investors in China,...
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme’s true mastermind manipulated her. The prosecution alleges Wen, working for her employer, Yadi Zhang, converted Bitcoin to cash via middlemen and purchased a Dubai flat with the funds. At the...
KUALA LUMPUR: An elderly man who is a former airline technician was fined RM2,500 by an Ampang Magistrate's Court on Tuesday (Jan 16) after pleading guilty to defrauding a man by claiming that the latter’s luggage was held up at the KL International Airport (KLIA) last year. Raja Shahyan Raja Abdullah, 82, allegedly tricked Abdul Khadar...
KUALA LUMPUR: The Tourism, Arts and Culture Ministry will review the eligibility of travel agencies involved in organising umrah travels. Its Minister, Datuk Seri Tiong King Sing (pic), said this is due to complaints lodged by umrah pilgrims who have been duped by travel agencies despite the strict action taken against these errant companies. He says that his...
MACC arrested two company owners believed to have used fake documents for the purpose of cheating to secure maintenance work amounting to over RM1.1 million.— Malay Mail photo TAWAU (Aug 7): Two company owners believed to have used fake documents for the purpose of cheating to secure maintenance work amounting to more than RM1.1 million, were...
