Jamaica bridge loan Ponzi scheme operator pleads guilty in US court
From Caribbean News Now BOSTON, USA — Former Jamaican resident Mark Jones, who is accused by the US Securities and Exchange Commission (SEC) and the Justice Department of running a $10 million “Jamaica Bridge Loan Fund” Ponzi scheme, has pleaded…
WSJ: Iran’s $400M Was ‘Timed’ With Freed Prisoners
By Eric Mack From Newsmax President Barack Obama has maintained the $400 million paid to Iran was not a ransom for American prisoners, but a report Wednesday detailed a “tightly scripted exchange specifically timed” with the plane carrying the cash…
US prosecutors investigate Panama Papers law firm employees
NEW YORK, USA — US federal prosecutors have reportedly launched a criminal investigation into whether employees at Mossack Fonseca, the law firm at the centre of the “Panama Papers” scandal, knowingly helped clients launder money or evade taxes. Mossack Fonseca…
TOO BIG TO JAIL: George Osborne helped HSBC avoid US criminal charges for money laundering
By Oscar Williams-Gru From Business Insider Britain’s Chancellor George Osborne and the UK’s former financial watchdog “hampered” the 2012 US investigation into HSBC’s money laundering and contributed to a watering down of the banks eventual punishment, according to a damning…
Hillary got a pass from the FBI
By Bradley A. Blakeman From Newsmax If you listened to the first 13 minutes of FBI Director James Comey’s press statement regarding his agency’s investigation of Hillary’s home-brewed email operation while she was secretary of state you would think that…
Jack Warner wins small victory in battle against extradition
From Stabroek News (Trinidad Guardian) In a small legal victory for former Fifa vice-president Jack Warner, a local judge has refused the United States government permission to join the judicial review lawsuit brought by Warner challenging Attorney General Faris Al-Rawi’s…
Cayman Islands Bank fined and forfeit’s millions over helping US tax cheats
By Patricia Hurtado and David Voreacos From Bloomberg Cayman National Units Admit Helping U.S. Citizens Avoid Taxes March 9, 2016 — 2:52 PM COT Updated on March 9, 2016 — 3:14 PM COT Two units of Cayman National Corp. pleaded…
Baltimore politics delay Wilmer fees in police probe
By Julie Triedman, From The Am Law Daily As part of a compromise related to funding a $6.4 million settlement with the family of Freddie Gray, Wilmer, Cutler, Pickering, Hale and Dorr will have to wait a bit longer to…
Swiss banks fined for helping U.S. citizens evade taxes
From CBC Crédit Agricole, Dreyfus Sons, Baumann avoid criminal charges after hiding assets from IRS Three Swiss banks, including a unit of France’s Crédit Agricole SA, will pay a total of more than $130 million US to the U.S. Justice…
VW hit with onslaught of class actions across 32 States
By Amanda Bronstad, From The National Law Journal Volkswagen A.G.’s legal problems jumped into overdrive this week. More than 175 class actions in 32 states have been filed over the emissions scandal that erupted last month. Almost all the lawsuits…
