CFTC Charges Florida-Based Entities and Individuals with Multi-Million Dollar Futures and Forex Fraud

CFTC

The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against The W Trade Group LLC, Larry Ramos Mendoza of Miami, Florida, and Joseph Carvajales also of Miami, Florida, charging them with fraud and misappropriation of over $19 million involving futures, forex and options. read more »

Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency

DOJ

Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack. read more »

Credit Suisse faces money laundering charges in Bulgarian cocaine traffickers trial

REUTERS

Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. read more »