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#moneylaundering

9 posts9 participants0 posts today
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beSpacific

#WSJ #Trump administration is withdrawing from some types of #whitecollar law #enforcement, including cases involving #foreign #bribery, public #corruption, #moneylaundering and #crypto markets effectively redefining what business conduct constitutes a #crime. #WhiteHouse #executive order in Feb said #bribery prosecutions hurt the ability of #US companies to compete #overseas, punishing them for practices that are #routine in some parts of the world. #WTF ncja.org/crimeandjusticenews/d #ElSalvador

NCJA · DOJ Is Leaving Some Kinds Of White-Collar Crime EnforcementThe Trump administration is withdrawing from some types of white-collar law enforcement, including cases involving foreign bribery, public corruption, money laundering and crypto markets. In some cases, the administration is effectively redefining what business conduct constitutes a crime, reports the Wall Street Journal. A White House executive order in February said bribery prosecutions hurt the ability of U.S. companies to compete overseas, punishing them for practices that are routine in som
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⚯ Michel de Cryptadamus ⚯

Prediction: #Binance is going to get out from under the independent monitoring and billions of dollars in #moneylaundering fines (which, contrary to the way it is phrased in WSJ, I’m pretty sure have not all been paid yet - payment was to take place over the course of several years) it was hit with in exchange for helping grow the market share of the Trump + Witkoff family stablecoin #USD1 (launched by #WorldLibertyFinancial / #WLFI).

wsj.com/finance/regulation/bin

WSJ Binance Seeks to Curb US Oversight While in Deal Talks With Trump’s Crypto Company Executives for the cryptocurrency exchange met with Treasury officials last month after the company entered into talks with a Trump family venture Executives from cryptocurrency exchange Binance met with Treasury Department officials last month and discussed loosening U.S. government oversight on the company, while it was also exploring a business deal with a Trump family crypto venture, according to people familiar with the talks. The Binance executives asked Treasury officials in Washington to remove a U.S. monitor that oversees the exchange’s compliance with anti-money-laundering laws, some of the people said. The move would mark a first step toward returning the company, which in 2023 pleaded guilty to violating those laws, to the U.S. market. Binance has also been in talks to list a new dollar-pegged cryptocurrency from World Liberty Financial, a crypto venture backed by President Trump’s family, other people familiar with the discussions said. Listing the token, known as a stablecoin, could catapult it into a huge market and potentially bring in billions in profit for the family. Those dealings mark the progression of a growing alliance between the Trump family and Binance, the world’s largest cryptocurrency exchange, which paid a record $4.3 billion fine for allowing terrorists, drug traffickers and sanctioned actors
#uspol#crime#corruption
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⚯ Michel de Cryptadamus ⚯

The Russian money launderer / memecoin pump and dumper who just sent $25 million to Trump's #WorldLibertyFinancial crypto scam a few days ago, Andrei Grachev, just tweeted that "it is a crime szn bro" and "no crying in the casino".

Grachev's an old business partner of #JustinSun (Huobi Russia was reportedly involved in laundering money to facilitate the #UkraineWar) and his firm #DWFLabs is absolutely infamous for scamming even in the scam-riddled crypto space (no mean feat).

Andrei Grachev @ag_dwf it is a crime szn bro everyone has a head and should not cry in the casino ++)
#Huobi#moneylaundering#crime
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⚯ Michel de Cryptadamus ⚯

oh look, another #fintech bankruptcy involving Evolve Bank & Trust.

some other fun places Evolve has popped up:

1. issuer of #FTX and #BlockFi debit cards (before those companies blew up and customers lost all their money)
2. #GeorgeSantos and #AndyOgles held their campaign money at Evolve
3. #Synapse bankruptcy which cost customers of a bunch of fintech "banks" like #Yotta most if not all of their money
4. Partnered with "anti-woke" fintech #GloriFi
5. Got hacked by Russia midway through Synapse bankruptcy proceedings
6. Anonymous crypto debit card issuer for #ZELF
7. Frequently found to be the bank used by #pigbutchering fraudsters
8. Sanctioned by federal reserve for #moneylaundering

The fact that Evolve has not been shut down is insane. Banking system cannot survive if these kinds of bad actors roam free like the wind.

* more on Evolve: fintechbusinessweekly.substack
* even more: fintechbusinessweekly.substack

SCOOP: Another BaaS platform bankruptcy (yes, it involves troubled Evolve Bank & Trust) BaaS platform Solid declares bankruptcy; it had partnered with Evolve Bank & Trust, CBW Bank & Lewis & Clark Bank. What we know: Solid memorably was sued by its own investors, FTV, who accused the company of manipulating revenue numbers during its Series B fundraise. The matter was ultimately settled with Solid buying back FTV's stake at a 56% discount. Solid and Evolve have also been embroiled in lawsuits stemming from Solid's relationship with EZBanc, an entity with links to a convicted Russian money launder. Suits stemming from the EZBanc relationship accuse Solid and Evolve of fraud, negligence, and breach of fiduciary duty, among other allegations. Now, the company is seeking Chapter 11 bankruptcy protection, according to a petition filed in U.S. Bankruptcy Court in Delaware on Monday, April 7th.
#EvolveBank#EvolveBankAndTrust#finreg
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Frankie ✅

‘Elon Musk WHM’ Was a Prolific Money Launderer for Hackers and Drug Traffickers. It Was Secretly the FBI

In 2023 the FBI quietly arrested a notorious money launderer called ElonmuskWHM. Then the FBI secretly ran his operation for nearly a year to catch (and give money to) more criminals.

404media.co/elon-musk-was-a-pr

404 Media · ‘Elon Musk’ Was a Prolific Money Launderer for Hackers and Drug Traffickers. It Was Secretly the FBIIn 2023 the FBI quietly arrested a notorious money launderer called ElonmuskWHM. Then the FBI secretly ran his operation for nearly a year to catch (and give money to) more criminals.
#news#tech#technology
Continued thread
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⚯ Michel de Cryptadamus ⚯

2/ one's tinfoil hat immediately starts to wonder if the #OCC hack was an inside job attributable to poorly vetted members of the new administration...

remember, chinese crypto scammers have a long history of pretending to be maga af to try to get in good with the trump administration (and succeeding) and no one is more interested in hacking the OCC than a chinese crypto money launderer

Who is Guo Wengui, the Chinese billionaire who owns the boat Steve Bannon was arrested on? Multiple people familiar with the matter told NBC News there is a separate federal inquiry involving a company linked to both men, GTV Media Group.
#moneylaundering#crime#corruption
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⚯ Michel de Cryptadamus ⚯

One of America’s important federal agencies that works to combat international money laundering and other financial crimes got hacked a few weeks ago. Penetration was detected on Feb. 12th but who knows how long they were compromised. #winning

> "The Office of the Comptroller of the Currency (OCC) today notified Congress of a major information security incident. On February 11, 2025, the OCC learned of unusual interactions between a system administrative account in its office automation environment and OCC user mailboxes."

occ.gov/news-issuances/news-re

Comptroller of the Currency
OCC.govOCC Notifies Congress of Incident Involving Email SystemThe Office of the Comptroller of the Currency (OCC) today notified Congress of a major information security incident, as required by the Federal Information Security Modernization Act.
#OCC#uspol#eupol
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⚯ Michel de Cryptadamus ⚯

Trump just issued the first ever presidential pardon for a corporation a few days ago.

He pardoned #BitMEX, a crypto company whose founder's new venture he is personally invested in (#WorldLibertyFinancial invested at least $4.7 million into #ArthurHayes's new Ethena project via the #ENA token), allowing BitMEX to avoid paying a $100 million fine for their #moneylaundering conviction. The pardon happened mere hours before the fine was due to be paid.

(Trump pardoned the actual BitMEX founders, all of whom had already served out their sentences, a few weeks ago).

theintercept.com/2025/04/02/tr

The Intercept · Trump Just Pardoned … a Corporation?By Matt Sledge
#uspol#corruption#hongkong
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MediaFaro News Digest

Huawei corruption probe: eight charged.

The Belgian prosecutor has charged eight people with active corruption, money laundering and criminal organisation in an investigation into Huawei’s suspected illegal payments to secure support from European lawmakers in the company’s interests.

Three suspects are now under electronic surveillance, two were released under conditions and three remain in prison.

mediafaro.org/article/20250404

The Huawei logo. | Sean Gallup/Getty Images
Politico.eu · Huawei corruption probe: eight charged.By Mathieu Pollet
#Huawei#Lobbying#Corruption
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⚯ Michel de Cryptadamus ⚯

#TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.

> "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."

protos.com/justin-sun-bailed-o

#corruption#uspol#asia
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