Plus: Elite Clients of Busted High End Brothel Network Could Be Unmasked...
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12/19/23

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Greetings!  It's December 19, and we're tracking today's top stories: China Sinochem buys rare Venezuela oil cargo after U.S. suspends sanctions, Putin faces "trilemma" in Russia's fragile economy, Claudine Gay's DEI empire at Harvard, elite clients of brothel network could be unmasked, and much more...

 

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Featured Story

 

🎯 China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions. In October, Washington suspended sanctions on Venezuela's oil and gas exports, prompting a flurry of spot trades of crude through Trafigura and Vitol. Reuters

 

Top Stories

 

🌎 Putin is trying to solve a 'trilemma' in Russia's fragile wartime economy. Behind the scenes, Vladimir Putin is trying to solve a tricky "trilemma" as the country's economy heads into 2024. Insider

 

🌎 Claudine Gay’s DEI Empire. Harvard’s embattled president quietly built “diversity” ideology into every facet of campus life. City Journal

 

🌎 Elite Clients of Busted High End Brothel Network Could Be Unmasked. Prosecutors said the Massachusetts and Virginia brothel network’s little black book read like a who’s who of the professional classes. Daily Beast

 

🌎 U.S. court approves settlement against Binance, firm to pay $2.7B to CFTC. Former Binance CEO CZ Zhao has been ordered to pay $150M, too. Cointelegraph

 

🌎 FBI posts takedown notice on AlphV ransomware group’s website. The darknet website of the AlphV/Blackcat ransomware gang was replaced by a splashpage on Tuesday announcing it had been seized by the FBI. Record

 

🌎 Chinese Traders and Moroccan Ports: How Russia Flouts Global Tech Bans. Using specialized e-commerce sites, secretive shipping workarounds and a constellation of middlemen, Russia has obtained the tech components it needs. NYT

 

🌎 A Secluded Runway, a Turkish Spymaster and No Guns: the New World of Hostage Exchanges. Washington turns to Middle East power brokers to bring prisoners home; a former U.S. Marine for a Russian drug smuggler. WSJ

 

🌎 Give Russia’s Frozen Assets to Ukraine Now. At the very beginning of the conflict, the U.S., the EU, the United Kingdom, and other democratic governments jointly froze more than $300B in Russian sovereign assets. Atlantic

 

🌎 The $10B charity no one has heard of. Eye-popping growth, fueled by the meteoric rise of cryptocurrencies and digital art assets, has prompted questions from philanthropy and tax experts. AP

 

🌎 Vietnam Property Tycoon Faces Trial Over $12.5B Fraud. Lan was arrested in last year along with three others, including the group’s CEO, on suspicion of appropriating trillions of dong from investors and other entities. Bloomberg

 

🌎 Russian banker who is under sanctions sold £15m of shares in Philip Hammond crypto firm Copper. Transaction involving Mikhail Klyukin could have attracted scrutiny from U.S. sanctions enforcer Guardian

IN THE NEWS

Corruption & Financial Crime 

 

💸 Nikola founder Trevor Milton sentenced to four years in prison for fraud CNBC

 

💸 How a $51M State-Built Beauty Clinic in Turkmenistan Ended Up in the Hands of the President’s Family. OCCRP

 

💸 SEC Claims ‘Staggering’ Fraud by Firm Hindenburg Called Out Bloomberg

 

💸 Mastermind ‘Fat Leonard’ Gets the Last Laugh in Disastrous Navy Corruption Trial WSJ

 

More news...

Russia

 

🇷🇺 How to Make Russia Pay for Ukraine WSJ

 

🇷🇺 EU targets Russia’s diamond industry in its latest round of sanctions AP

 

🇷🇺 US seeks to claw back Russian oil trade under the G7 price cap Reuters

 

🇷🇺 European Court to rule over Roman Abramovich’s inclusion on EU’s sanctions list CNN

 

More news...

China

 

🇨🇳 The Road to China-Free Supply Chains Is Long. Warning: Legless Lizards Ahead WSJ

 

🇨🇳 China, Russia, Iran and Cuba all tried to meddle in 2022 US congressional elections CNN

 

🇨🇳 Chinese EV giants are planning factories in Mexico Insider

 

🇨🇳 Lawmakers want Biden to reject export licenses for Chinese drone maker DJI Reuters

 

More news...

Crypto & Cyber

 

🔐 Do Kwon Successfully Appeals Extradition Decision by Montenegro Court CoinDesk

 

🔐 36M people affected by data breach at Xfinity Record

 

🔐 Crypto leaders build colossal $78 million war chest for 2024 Axios

 

🔐 Scammers Are Tricking Anti-Vaxxers Into Buying Bogus Medical Documents Wired

 

More news...

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