The Bulgarian businesswoman and other founders of the cryptocurrency that turned out to be yet another pyramid scheme were even able to complete luxury real estate transactions after the scandal had already broken. The reign of the “cryptoqueen” was short-lived, but it was, however, very lucrative. In 2014, Bulgarian businesswoman Ruja Ignatova launched OneCoin, a...
The ringleader of a money laundering group that smuggled tens of millions of pounds of criminal cash out of the UK has been hit with a confiscation order. Abdullah Alfalasi was given the order totalling £3,496,778.68 following a National Crime Agency investigation into his finances. The 48-year-old Emirati national was previously convicted of co-ordinating a...
The nexus between government, business and overseas money is becoming ever tighter. At this rate, it won’t be long before George Osborne buys a stately home to rival that of Tony Blair. The former chancellor bagged his 13th job this week: he has been recruited as an adviser to Coinbase, a cryptocurrency outfit. All this...
The way many organised crime gangs launder their cash has become so hard to trace that following the money “gets you absolutely nowhere”, according to the UK’s National Crime Agency. When they are not using major high street banks as giant drug cash laundromats, organised crime groups such as drug traffickers are increasingly using international networks of...
Wealthy Russians are flocking to Dubai’s real estate market as Western sanctions prompt them to look at alternative destinations for their luxury property purchases, The Observer reported on Saturday. Individuals with money tied to Russian financial institutions have been purchasing properties and leasing apartments in Dubai, which has not imposed financial sanctions against Russia in the weeks...
Wealthy Russians are flocking to Dubai’s real estate market as Western sanctions prompt them to look at alternative destinations for their luxury property purchases, The Observer reported on Saturday. Individuals with money tied to Russian financial institutions have been purchasing properties and leasing apartments in Dubai, which has not imposed financial sanctions against Russia in the weeks...