Plus: $100M Fine Wine Fraudster Extradited for Money Laundering in Massive Ponzi Scheme...
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12/18/23

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Happy Monday!  It's December 18, and we're tracking top stories to start your week: Putin turns Western boycott into a bonanza, China looks to Malaysia to evade chip sanctions, Israel hunts mysterious Hamas kingpin, British man charged in $100M fine wine Ponzi scheme, and much more...

 

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Featured Story

 

🎯 How Putin Turned a Western Boycott Into a Bonanza. If companies want to leave Russia, the president is setting the terms — in ways that benefit his government, his elites and his war. NYT

 

Top Stories

 

🌎 Chinese firms look to Malaysia for assembly of high-end chips. As sanctions bite and AI boom fuels demand, smaller Chinese semiconductor design firms are struggling to secure sufficient advanced packaging services at home. Reuters

 

🌎 The Hunt for Hamas’ Most Mysterious Kingpin. Israel claims to have unmasked the anonymous spokesman for Hamas – but the truth behind the figure known as “Abu Obaida” may be more of an enigma than it seems. Daily Beast

 

🌎 British man charged with running $100M wine Ponzi scheme. Bordeaux Cellars brokered loans between investors and high-net-worth wine collectors it said would be fully collateralized by high-value collections of wine. Independent

 

🌎 Israel Found the Hamas Money Machine Years Ago. Nobody Turned It Off. The ledgers, pilfered from the computer of a senior Hamas official, listed assets worth hundreds of millions of dollars. NYT

 

🌎 FBI secretly taped James Biden as it probed attorney who paid $100K to his consulting firm. Lion Hall has come into focus for Republican investigators looking into whether the president’s brother has used the company to filter money to the rest of the Biden family. NY Post

 

🌎 Seven Months Inside an Online Scam Labor Camp. A man was abducted by a Chinese gang and forced to work in a scam operation. He gathered financial information, photos and videos and shared the material. NYT

 

🌎 BlackRock, State Street Subpoenaed in House ESG Probe. A congressional panel is looking into allegations from critics that they colluded in key investments. Bloomberg

 

🌎 Central American Development Bank's Role in Guatemala’s Odebrecht Scandal. A loan from CABEI may have been a key part of the Brazilian construction company’s bribery scheme. OCCRP

 

🌎 Abramovich Pledged $3 Billion for Ukraine War Victims. The Money Is Frozen in the U.K. Funds from the sale of Chelsea FC are sitting in a U.K. bank account amid a dispute between the oligarch and Britain. WSJ

 

🌎 Tether responds to US lawmakers’ calls for DOJ action, onboards FBI. Tether has reacted to lawmakers’ requests for DOJ action over its stablecoin use, claiming it wants to be a “world class partner to the U.S.” Cointelegraph

 

🌎 Why We’re Helping Yazidi Americans Get Justice. Ms. Murad is part of a group of over 400 Yazidi Americans suing the French company Lafarge. NYT

IN THE NEWS

Russia & China

 

💥 Austria backs EU Russia sanctions after Ukraine removes Raiffeisen from blacklist Reuters

 

💥 Turkey saves $2B on Russian oil as imports soar despite sanctions Reuters

 

💥 Russian oligarch Usmanov: A tricky case for German justice DW

 

💥 China Isn’t Taking Friend-Shoring Lying Down Bloomberg

 

More news...

Corruption & Financial Crime

 

💸 Football’s ‘thugs and oligarchs’ run risk of EU money-laundering crackdown Politico

 

💸 Jeffrey Epstein Never Stopped Abusing Women—and His VIP Circle Helped Make It Possible WSJ

 

💸 Vatican court sentences Cardinal Becciu to prison for embezzlement, abuse of office Fox

 

💸 The DEI industry’s most notorious grifters UnHerd

 

More news...

Crypto & Cyber

 

🔑 Iran petrol stations hit by cyberattack Reuters

 

🔑 In Cambodia’s ‘underground’ crypto economy, Tether becomes coin of choice for Chinese-linked activities SCMP

 

🔑 U.S. SEC Denies Coinbase's Push for Crypto Regulations as 'Unwarranted' CoinDesk

 

🔑 Britain's National Grid drops China-based supplier over cyber security fears Reuters

 

More news...

Drug War

 

💣 10 IEDs found at US-Mexico border in cartel gunfight Fox

 

💣 Ex-Mexico drug czar seeks new US trial after cartel bribery conviction Reuters

 

💣 California men sent ‘wholesale’ meth, cocaine disguised as noodles, car parts to Australia, New Zealand NY Post

 

💣 Hot find: Customs officers in California seize $10 million worth of meth and cocaine hidden in jalapeño paste CNN

 

More news...

"Patriotism means that we cherish a nation's history and feel concern for its future long after we ourselves have gone." --Margaret Thatcher

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