Plus: Fake Agents – Inside the Mind-Blowing Scam That Bankrupted Senior Citizen, Looted His Retirement Accounts...
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7/30/24

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Greetings!  It’s July 30, and we’re tracking today's top stories: Protests erupt in Venezuela as questions grow over strongman Maduro’s victory, Wells Fargo must face lawsuit over sham job interviews, billionaire Putin ally forfeits £750,000 in UK sanctions case, how one man lost $740,000 to scammers targeting his retirement savings, and much more...       

 

Visit Illicit Edge for the latest news and real-time updates!

Featured Story

 

🎯 Protests erupt in Venezuela as questions grow over strongman Maduro’s victory. The next 24 hours will be key in seeing how Maduro responds to the allegations against him. CNN 

 

🚩 Putin hails Maduro's win, Kremlin says it is deepening ties Reuters

 

🚩 U.S. to Weigh Venezuela Vote Transparency on Future Sanctions Bloomberg

 

Top Stories

 

🌎 Wells Fargo must face lawsuit over sham job interviews. Wells Fargo defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. Reuters

 

🌎 Billionaire Putin ally forfeits £750,000 in UK sanctions case. NCA said forfeiture of cash belonging to Petr Aven was first time it has recovered, rather than frozen, sanctioned funds. Guardian

 

🌎 How One Man Lost $740,000 to Scammers Targeting His Retirement Savings. For three months a 76-year-old retired lawyer thought he was part of a government investigation that felt like something out of the movies. NYT

 

💸 Payment Scams: Information on Financial Industry Efforts GAO

 

🌎 Sinaloa Cartel leader Ismael Zambada kidnapped, flown to the U.S. Many details of the arrest of the two Sinaloa Cartel leaders remain steeped in secrecy. USAT

 

🌎 Iran Raked In $16B From Illicit Oil Sales in Just 4 Months. Iran’s illicit oil trade, which is heavily sanctioned by the U.S. and other Western nations, has been booming. Free Beacon

🌎 Oil companies sold the public on a fake climate solution – and swindled taxpayers out of billions. Companies touted the potential of CCS publicly, as they downplayed the technology internally. Vox

 

🌎 Trial begins for U.S. citizen accused of acting as Chinese agent. Prosecutors say Shujun Wang exploited his leadership role in New York communities supporting democracy in China to collect information on dissidents. Reuters

 

🌎 Mozambique wins UK lawsuit against Privinvest over 'tuna bond' scandal. The southeast African country sued Privinvest and its now late owner Iskandar Safa, alleging they paid bribes to Mozambican officials and Credit Suisse bankers. Reuters

 

🌎 How Infostealers Pillaged the World’s Passwords. It’s a gold mine for hackers – and a disaster for anyone who becomes a target. Wired

IN THE NEWS

Russia

 

🇷🇺 Russian Economy Dealt a Blow by China Newsweek

 

🇷🇺 Malaysia Says BRICS Chair Russia Backs Its Bid to Join Bloc Bloomberg

 

🇷🇺 Russia’s Arctic LNG 2 Plant Cut Runs to Five-Month Low Amid Sanctions Bloomberg

 

🇷🇺 Failed North Korea satellite launch engine points to Russian role Reuters

 

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China

 

🇨🇳 U.S. Machine Maker Files Bankruptcy, Blaming Chinese Regulators Bloomberg

 

🇨🇳 The Rise of ByteDance’s CapCut Threatens Adobe and Canva Bloomberg

 

🇨🇳 As China’s leverage on North Korea slips, it’s time for a new approach SCMP

 

🇨🇳 WuXi AppTec Sees Sales Drop as US Seeks to Cut Ties With China Bloomberg

 

🇨🇳 In Myanmar, An Impossible Election Is in China’s Interests Diplomat

 

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Corruption & Financial Crime

 

💸 Calif. school official who stole $17M from low-income district and hid cash in a mini-fridge is sent to prison NYP

 

💸 Ex-NRA Head Wayne LaPierre Given 10-Year Ban After Corruption Verdict Forbes

 

💸 Vanishing Texas companies linked to millions of dollars in fraudulent Medicare billings CBS

 

💸 UAE Takes Step Towards Legalizing Gambling With Lottery License Bloomberg

 

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Crypto & Cyber

 

🔐 Biden’s cybersecurity legacy: ‘a big shift’ to private sector responsibility Cyberscoop

 

🔐 Bitfinex hacker Razzlekhan was job hunting at Bitcoin 2024 Protos

 

🔐 Casper Network halts operations following security breach Cointelegraph

 

🔐 Compound DAO asleep at the wheel as $25M governance ‘attack’ passes Protos

 

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Trafficking

 

🚚 Chinese migration surge tests President Biden and Chinese President Xi Jinping WaPo

 

🚚 Drug smugglers targeting Oslo as gateway into Europe Guardian

 

🚚 Olive oil fraud and mislabeling cases hit record high in EU Guardian

“Truth, it seems, is always bashful, easily reduced to silence by the too blatant encroachment of falsehood..." --Alexander Solzhenitsyn

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