The Wall Street Journal reported last week that Huawei was under federal investigation and might soon have charges filed against it. During a press conference this afternoon, the Department of Justice did just that, indicting the Chinese telecommunications on 13 counts including money laundering, obstruction of justice, and sanction violations. The seriousness of these charges primarily surrounds Huawei’s alleged violation of the U.S. sanctions against Iran. Skycom is a Huawei subsidiary that does business in Iran, but the Chinese company had made claims that it sold its ownership of the company to not violate U.S. laws. According to the DOJ, this was a lie.After covering up its ownership of Skycom, Huawei reportedly used its banking partners to clear over $100 million of Skycom’s transactions through the U.S. Huawei’s CFO, Wanzhou Meng, who was arrested last year in Canada, was named in the DOJ’s investigation. In her executive role, Meng is … [Read more...] about Huawei is facing a 13-count indictment including bank fraud by the U.S.
Banking frauds ppt
Since November and December are prime time for last minute gift shopping and booking travel tickets home, consumers are more vulnerable to hacks. The numbers are alarming. A recent study by ACI Worldwide projects a 14 percent increase in fraud attempts during the 2018 holiday season. As more shoppers turn to online shopping for the promises of amazing discounts, hackers are ready with spam emails, phishing software, and even fake applications. Have you visited TNW's hype-free blockchain and cryptocurrency news site yet? It’s called Hard Fork. TAKE ME THERE A cybersecurity intelligence company has searched mobile app stores from all over the world, looking for those containing Black Friday and Cyber Monday in the search terms. More than 5.5 percent of the results were malicious apps featuring credit card number skimmers, adware, malware, and sometimes ransomware. With almost 40 percent of online transactions from Black Friday in 2017 coming from mobile phones, the threat is … [Read more...] about It’s the season for some family time, identity theft and bank fraud
caption Paul Manafort. source Thomson Reuters A jury found Paul Manafort guilty of eight counts out of 18 related to tax fraud, bank fraud, and failure to report foreign bank accounts on Tuesday after a high stakes criminal trial. They were unable to reach a verdict on the other 10 counts he was accused of, and the judge declared a mistrial on those charges. Manafort is the former chairman of President Donald Trump’s campaign and he was indicted in the Russia investigation. Manafort is set to face trial as part of a second indictment from the special counsel Robert Mueller in Washington, DC, in September. Sign up for the latest Russia investigation updates here» A jury in Alexandria, Virginia has found Paul Manafort guilty of eight counts related to tax and bank fraud following a high stakes criminal trial that gripped the nation for weeks. Specifically, Manafort was convicted of five counts of tax fraud, two counts of bank fraud, and … [Read more...] about Paul Manafort found guilty of 8 counts of tax fraud, bank fraud, and failure to report foreign bank accounts
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By William K. Rashbaum and Ben Protess New York Times August 20, 2018 NEW YORK — Federal authorities investigating whether President Trump’s former personal lawyer and fixer, Michael Cohen, committed bank and tax fraud have zeroed in on well over $20 million in loans obtained by taxi businesses that he and his family own, according to people familiar with the matter.Investigators are also examining whether Cohen violated campaign finance or other laws by helping to arrange financial deals to secure the silence of women who said they had affairs with Trump. The inquiry has entered the final stage and prosecutors are considering filing charges by the end of August, two of the people said.Any criminal charges against Cohen would deal a significant blow to the president. Cohen, 52, worked for the president’s company, the Trump Organization, for more … [Read more...] about Cohen, President Trump’s ex-lawyer, investigated for bank fraud in excess of $20 million
Jury deliberations began Thursday in the Virginia bank and tax fraud trial of former Trump campaign chairman Paul Manafort. The jury sent a note to the judge asking for clarification about four topics, including a definition of the term, “reasonable doubt,” the standard to convict in a criminal trial. Legal experts wrote on Twitter that the note could indicate a “compromise verdict” in which the jury convicts Manafort on some charges but acquits him on others. Jury deliberations began Thursday morning in the trial of President Donald Trump’s former campaign chairman Paul Manafort, but a verdict was not reached at the end of the first day. After a two-week trial in which federal prosecutors from special counsel Robert Mueller’s team and US attorneys in Eastern District of Virginia tried Manafort on 18 federal charges of tax and bank fraud, both sides have delivered closing arguments and judge T.S. Ellis instructed … [Read more...] about The jury now deliberating Paul Manafort’s bank fraud case asked the judge a clarifying question that might concern the prosecutors