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🎯 Criminals and sanctions-busters exploiting UK secrecy loophole. An offshore firm helped create companies used by members of Vladimir Putin's inner circle, including one hiding the late mercenary boss Yevgeny Prigozhin's yacht. BBC
Top Stories
🚀 Crypto at the Center of $300M Fraud Case in China. A Chinese court has sentenced 21 people for transferring the proceeds of online fraud and illegal casinos denominated in Tether (USDT) to Chinese Yuan (RMB). CoinDesk
🚀 Ex-PR Exec Accused of Grifting Megan Fox, Mindy Kaling Pleads Guilty to Fraud. Andrew Garson’s elaborate plot to concoct “fictitious” marketing campaigns saw him con his firm out of millions of dollars. Daily Beast
🚀 SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC. Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M to buy luxury cars and homes from funds that they told investors were "locked." CoinDesk
🚀 How Russia Is Restructuring Wagner Group’s Africa Operations. After the death of Wagner leader Yevgeny Prigozhin, the Kremlin is putting a new power structure in place that will take over the group’s sprawling operations in Africa, which have advanced Russian influence on the continent for almost a decade. WSJ
🚀 FDIC is probing former First Republic Bank directors and officers. The investigation is the third the FDIC has opened into bank failures earlier this year which cost the federal government's deposit insurance fund about $32 billion. Reuters
🚀 U.S. officials hold their breath for Iranian cyberattacks. Critical infrastructure owners and operators are stepping up security, as the U.S. government keeps a close eye on evolving threats from Tehran in cyberspace. Politico
🚀 U.S. Gave $30 Million to Top Chinese Scientist Leading China's AI 'Race'. Pentagon funding for Song-Chun Zhu, the former director of a pioneering AI center at UCLA, continued even as he took a position at a Beijing university whose primary goal is to support Chinese military research. Newsweek
🚀 Costco’s Sale of Security Cameras With Chinese Components Raises Alarms in Congress. Dahua is on the Department of Commerce "Entity List" because of its reported connection to the alleged repression of Uyghurs in the Xinjiang region of China. Messenger
🚀 DEA agent leaked secret information about Maduro ally targeted by US. A federal narcotics agent leaked sensitive information about one of Washington’s top criminal targets in Venezuela as part of a scheme to sell government secrets to defense lawyers. AP
🚀 Turkey in 'Final Stage' of Bringing Crypto Legislation as Last Step to Get Off FATF's Gray List. Turkey has been on the "gray list" of the Paris-based global money laundering and terror financing watchdog since 2021. CoinDesk
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