HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan faces the death penalty in a trial that began Tuesday over alleged fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP and Vietnam’s largest financial fraud case on record. The 66-year-old chair of the real estate company Van Thinh Phat allegedly … Read more
In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit fr… By FATIMA HUSSEIN Associated Press March 4, 2024, 3:05 PM ET • 2 min read WASHINGTON … Read more
NEW YORK (AP) — Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash … Read more
HONG KONG (AP) — Hong Kong customs officials have arrested seven people linked to the territory’s largest ever money laundering case, involving about 14 billion Hong Kong dollars ($1.8 billion) some of it linked to a scam case in India. The seven local residents, aged between 23 and 74, were part of a large-scale transnational … Read more
Stock market today: Wall Street waltzes past its latest milestone as S&P 500 closes above 5000 The Caledonian-Record Source link
NEW YORK (AP) — Manhattan prosecutors are weighing a potential perjury charge against Donald Trump’s former corporate finance chief in connection with testimony he gave in October at the ex-president’s New York civil fraud trial, two people familiar with the matter told the Associated Press. Allen Weisselberg, who had been the longtime chief financial officer … Read more
MIAMI (AP) — The Biden administration has released a close ally of Venezuelan President Nicolás Maduro in a swap for jailed Americans, The Associated Press has learned. Alex Saab, who was arrested on a U.S. warrant for money laundering in 2020, was released from custody Wednesday. In exchange, Maduro will free some, if not all, … Read more
VATICAN CITY (AP) — A Vatican tribunal on Saturday convicted a cardinal of embezzlement and sentenced him to 5½ years in prison in one of several verdicts handed down in a complicated financial trial that aired the city state’s dirty laundry and tested its justice system. Cardinal Angelo Becciu, the first cardinal ever prosecuted by … Read more
Updated Dec. 12, 2023 5:57 pm ET Apple is rolling out a new security setting for iPhones following Wall Street Journal reporting about a vulnerability that allowed thieves to break into victims’ devices and upend their lives. The Journal reported on a nationwide spate of thefts where criminals used iPhone owners’ passcodes to change their … Read more
Updated Nov. 9, 2023 12:52 pm ET|WSJ Pro Celsius Network, the crypto platform that touted itself as safer than a bank, won court approval to end its bankruptcy case and release most of its remaining cryptocurrency back to hundreds of thousands of customers whose funds have been trapped since last year. The plan approved in … Read more