Aziz Rahman, Senior Partner at Rahman Ravelli, assesses the NatWest money laundering penalty for any pointers to the future. NatWest being fined £265 million for its money laundering failings will have come as little surprise to anyone – certainly not the bank. It pleaded guilty two months ago to charges brought by the Financial Conduct […]
Prosecutors said that the founder of the now-defunct medical startup had knowingly lied about Theranos’ technology, which she claimed could detect diseases with just a few drops of blood. The jury found Holmes guilty of four charges, including conspiracy to commit fraud against investors, and three counts of wire fraud. In total, Holmes faced 11 […]
NatWest Markets admitted some of its traders in London, Singapore, and Connecticut were involved in a scheme to manipulate US Treasury market prices through a practice known as “spoofing” between 2008 and 2018. In addition to paying the $35 million fine, NatWest Markets also agreed to serve three years of probation. “As we have previously […]
On Monday, the United States filed a civil forfeiture complaint to return over $150 million to a subsidiary of Tokyo-based Sony Corp after the funds were allegedly stolen then seized by law enforcement during the FBI’s investigation of the incident. Back in May, an employee of Sony Life Insurance Company Ltd in Tokyo allegedly embezzled […]
On Friday, the prosecution will have the opportunity to present a rebuttal before the case goes to the jurors. Elizabeth Holmes faces 11 charges of defrauding investors, medical professionals, and patients over Theranos’ blood-testing technology, which the company claimed could carry out hundreds of tests with just a single drop of blood. Holmes faces up […]
In a complaint on Monday, Debevoise & Plimpton said that the owners of “debevoise-law.com” and “debovoise-laws.com” have been using the names of actual Debevoise & Plimpton attorneys in emails sent out to victims as part of a phishing scheme. Debevoise & Plimpton remains unaware of who is running the two websites because a privacy service […]
The decision comes as a major blow to Assange’s effort to prevent his extradition to face espionage charges in the US. However, his finance immediately expressed that an appeal would be launched against the court’s ruling. Assange is wanted in the US over the publication of thousands of classified documents in 2010 and 2011. Senior […]
Former investors in the now-defunct company have testified at the trial that Holmes had led them to believe that Theranos’ technology had been adopted by the US military. As Holmes’ testimony in defence against fraud charges nears its end, she denied making such statements to investors. Holmes also said she did not recall telling an […]
In the old west, a Texas rancher would brand all of his cattle so that they could be identified if a question of ownership arose. Over the past couple of decades, the Texas judicial system has seen the rise of a different kind of branding: the overloading of defendants with conditions under which they must […]
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