Plus: Tigran Trouble – Nigeria Mocks U.S. Pressure, Will Prosecute Kidnapped Binance Financial Crime Head Tigran Gambaryan...
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6/6/24

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Greetings.  It’s June 6, and we’re tracking today's top stories: Sanctions hurt Gazprom badly as Ukraine war rages on, Georgia court of appeals freezes election case against Donald Trump, U.S. Treasury sanctions Ecuador’s Los Lobos drug cartel, Nigeria rebukes U.S. concerns for unjustly held Binance financial crime head, and much more...

 

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🎯 Gazprom badly hurt by Ukraine war. Sanctions have cut Russia’s energy industry off from crucial technology as well as the spare parts and expertise required to repair them. Newsweek  

 

Top Stories

 

🌎 Georgia court of appeals indefinitely pauses the election subversion conspiracy case against Donald Trump. The case will be on hold until a panel of judges rules on whether Fulton County DA Fani Willis should be disqualified. CNN

 

🚩 Alvin Bragg’s prosecution of Trump was novel – and correct Hill

 

🚩 Trump Is Colluding With Putin in Plain Sight NY Mag

 

🌎 Treasury Sanctions Ecuador’s Los Lobos Drug Trafficking Organization. Los Lobos has emerged as Ecuador’s largest drug trafficking organization and contributes significantly to the violence gripping the country. U.S. Treasury

 

🌎 Nigeria defends Binance executive prosecution amid U.S. lawmakers’ criticism. Nigeria’s statement follows an appeal by 12 U.S. politicians to President Biden urging the U.S. government to use its hostage affairs unit to facilitate the release of Gambaryan. Cointelegraph

 

🌎 In Portland, the Intifada Begins in Kindergarten. Lesson plans are steeped in radicalism, and they begin teaching the principles of “decolonization” to students as young as four years old. City Journal

 

🌎 TD Money-Laundering Fines May Reach $4B. TD is under investigation by the U.S. Department of Justice, bank regulators and the U.S. Treasury Department for financial crimes at several of the bank’s U.S. branches. Bloomberg

 

🌎 The New CEO Trapped in the U.S.-China Chip Battle. ASML must balance Western demands to curb China’s access while keeping a foothold in a key market. WSJ

 

🌎 Slurs, Sexism, and Bootleg Ozempic: Bigwig Art Duo Hit With Bombshell Suit. Brilliant is suing Robilant and Voena on seven individual causes of action, including violations of the NYC and NY State Human Rights Laws. Daily Beast

 

🌎 Venezuela Opposition Presses US Officials to Halt Citgo Sale. Two weeks ago, the head of the opposition-appointed group visited DC to rally support as the share sale and Venezuelan election draw near. Bloomberg

 

🌎 UN nuclear agency’s board votes to censure Iran for failing to cooperate. The censure followed a report by IAEA that said Iran has further increased its stockpile of uranium enriched to near weapons-grade levels. AP

 

🌎 Spanish Court Grants ‘Bitcoin Jesus’ Bail in Extradition Fight. The Bitcoin early adopter and Bitcoin Cash evangelist faces extradition to the U.S. on charges of evading taxes to the tune of $48M. Bloomberg

 

🌎 How the crypto industry can comply with the Travel Rule. As FATF introduced new challenges for crypto businesses, industry leaders share insights for potential solutions. Cointelegraph

 

Visit Illicit Edge for much more financial crime news...

IN THE NEWS

Russia

 

🇷🇺 Russia’s Mercenary-Industrial Complex in Africa War on the Rocks

 

🇷🇺 Russia Bank Boss Issues Dire Economic Warning Newsweek

 

🇷🇺 Apple refused to pay bug bounty to Russian cybersecurity firm Kaspersky Lab Record

 

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Crypto & Cyber

 

🔐 Robinhood acquires global crypto exchange Bitstamp for $200M TechCrunch

 

🔐 Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi CoinDesk

 

🔐 The Age of the Drone Police Is Here Wired

 

🔐 Darknet site for Qilin gang, suspected in London hospitals ransomware attack, goes down Record

 

🔐 From deepfake nudes to incriminating audio, school bullying is going AI Hill

 

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China

 

🇨🇳 China Is Losing the Chip War Atlantic

 

🇨🇳 World’s largest solar farm brings China’s Uyghurs into spotlight Semafor

 

🇨🇳 Chinese Battery Suppliers Tied to Ford, VW Should Be Banned WSJ

 

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Corruption & Financial Crime

 

💸 The judge behind the drive to bury Latin America’s biggest corruption probe FT

 

💸 TJ Maxx store workers now wearing body cameras to thwart shoplifters CBS

 

💸 Vietnam tycoon on death row for massive fraud illegally moved money overseas Reuters

 

💸 How the seizure of a woman's purple gun led to a Chicago police corruption scandal CST

 

💸 Charleston exec who stole $6M from DC fuel startup learns punishment Post & Courier

 

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Trafficking

 

🚚 How Joe Biden’s migrant surge is making the cartels rich Telegraph

 

🚚 LAX may be drug smuggling gateway of the world ABC

 

🚚 Dozens Charged In Huge California Drugs Bust Linked to Cartel Newsweek

“This is a very serious business.” —Robert Capa on Omaha Beach

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