Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting: “You’re gonna see your regional bank fail every week, maybe two a […]
The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm were the first to report this development. Known for its expertise in fraud investigations and […]
An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as “pig butchering.” Li and Zhang allegedly managed a global network that laundered proceeds from fraudulent crypto investments, […]
U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20 billion […]
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining and the removal of surveillance-capable equipment, citing national security risks. […]
Adaptation of hit comedy quiz will begin airing on CNN on Saturday nights to coincide with presidential electionArch, ironic and understated, Have I Got News for You is the quintessential British comedy quiz, but its creators are hoping a US version of the show can translate its particular brand of political humour across the Atlantic.A US adaptation of the show will be broadcast by CNN in the autumn, to coincide with the presidential election. It will hit screens on Saturday nights – part of a...
Environmental organized crime is a colossal global enterprise, generating up to $281 billion annually, according to Interpol.
The Marshall Project reports on the recent conviction of parents for a crime committed by their 15-year-old son.
The northern lights shine over Portsmouth, N.H., Friday, May 10, 2024. (AP
An extensive drug raid in Central New Jersey has led to the arrest of nine alleged members of the “Sex, Money, Murder” gang. This operation revealed large-scale trafficking of narcotics, including fentanyl, heroin, and cocaine, across Union County. Federal and Local Forces Execute Coordinated Raid Early Thursday morning, heavily armed agents from Homeland Security Investigations, […]
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The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)’s SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened to veto this decision, citing concerns about financial stability and market uncertainty. ‘We Are Just Getting Started’ In a historic move, […]