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US judge to weigh changes to FTX founder Bankman-Fried’s bail terms

Premium February 9, 2023

CONCERNS: US regulators warned banks on the dangers of dealing in cryptos in the wake of the Sam Bankman-Fried/FTX scandal. He is charged with defrauding customers and investors in his cryptocurrency exchange bank FTX and using the funds for personal use and debts owed by his hedge fund, FTX filed for Bankruptcy in November 2022. (Photo by Anthony Behar)

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NEWS: Kinahan Cartel sanctioned when gang became ‘nexus’ between organised crime and Iranian-backed terrorism, reveals intelligence chief

NEWS: EU new AML Authority (AMLA) is ‘hotly sought after agency’ that will attract ‘clustering’ of companies, says Eurogroup President

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ANALYSIS: Inside Europe’s money mule gangs infiltrating bloc’s colleges, tech companies and banks – top economic crime detective

By Luc Cohen

A US judge on Thursday is set to hear arguments on whether FTX cryptocurrency exchange founder Sam Bankman-Fried will be able to contact employees of companies he once controlled while out on bail ahead of his trial on fraud charges.

US District Judge Lewis Kaplan last week temporarily barred Bankman-Fried from contacting any current or former employees of FTX or Alameda Research, his hedge fund, after prosecutors raised concerns that the 30-year-old former billionaire may be trying to tamper with witnesses.

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Premium

NEWS: Kinahan Cartel sanctioned when gang became ‘nexus’ between organised crime and Iranian-backed terrorism, reveals intelligence chief

NEWS: EU new AML Authority (AMLA) is ‘hotly sought after agency’ that will attract ‘clustering’ of companies, says Eurogroup President

 Premium

ANALYSIS: Inside Europe’s money mule gangs infiltrating bloc’s colleges, tech companies and banks – top economic crime detective

Regulatory Watch News

  • Lithuania: 27 arrested in probe into fraud involving up to €750 000 in funds for young farmers

    European Public Prosecutor's Office

    Last week, on behalf of the European Public Prosecutor’s Office (EPPO), the Lithuanian Financial Crime Investigation Service (FCIS) carried out 46 searches and arrested 27 suspects for fraud involving up to €750 000 in funds for young farmers. Three of the suspects have been placed in detention. The searches, which involved almost 100 FCIS officers (Finansinių nusikaltimų tyrimo tarnyba), were carried out in the counties of Vilnius, Kaunas, Panevėžys, Šiauliai and Klaipėda. On the radar of the investigation, carried out by the EPPO’s European Delegated Prosecutors in Vilnius (Lithuania), in cooperation with the FCIS, are four business partners managing companies providing agricultural services.

  • Website Alert – Fraudulent website related to Hang Seng Bank, Limited

    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited relating to a fraudulent website, which has been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

  • One of Europe’s biggest pirate IPTV services taken down in the Netherlands

    Europol

    Europol has supported the Dutch Fiscal Information and Investigation Service (FIOD) in taking down an illegal IPTV (Internet Protocol television) service serving over 1 000 000 users across Europe.
    On 23 May, a series of raids were carried out across the Netherlands as part of an illegal streaming crackdown. The officers from the FIOD searched properties in various locations in The Netherlands. Several individuals were arrested on suspicion of involvement in the illegal streaming of premium content.

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