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...
European parliamentarians are questioning whether the United Arab Emirates should have been taken off the “gray list” of countries at risk of money laundering and terrorist financing, following revelations that Dubai property owners include a host of dubious characters like drug lords and sanctioned businessmen. In mid-May, OCCRP and more than 70 international media outlets...
The Dubai Unlocked investigation reinforces the need for ongoing scrutiny of efforts by the United Arab Emirates (UAE) to prevent and detect dirty money being invested in the country, Transparency International said today. Authorities in the UAE should now investigate the revealed cases and take action if there is suspicion that properties were purchased with...
In 2023, Caoimhe Robinson bought a 20,569-square-foot villa, still under construction, for about $2.1 million in an upscale section of Dubai, close to Zayed University. Even unfinished, the structure’s white walls, arched doorways and red roof call to mind an elegant Mediterranean retreat, one befitting an area that one real estate website describes as “a...