Feds move to seize $126M in assets tied to illegal staffing ring in Ohio
DAYTON, OH — The United States has filed a civil forfeiture complaint targeting assets connected to an alleged $126 million illegal staffing and money laundering operation involving undocumented workers at multiple Ohio…
United States Attorney’s Office Seeks to Civilly Forfeit Assets in Nearly $6 Million Alleged Fraud Scheme
Acting United States Attorney Steven Russell announced the filing of a civil complaint seeking forfeiture of assets acquired in an alleged fraud scheme involving almost $6 million. According to the civil complaint,…
Crypto hedge fund Three Arrows’ liquidators get OK to claim U.S. assets
By Dietrich Knauth (Reuters) – Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay claim to the bankrupt Singapore-based company’s assets,…
Factbox-Canadian lawmakers approve 2022 budget measures on housing, Russian assets
(Reuters) – Canada’s Senate on Thursday passed Prime Minister Justin Trudeau’s budget, adopting a two-year ban on foreign buyers of Canadian homes and a measure allowing it to seize and dispose of…
Canada’s Senate passes budget, greenlighting measures on housing, Russian assets
OTTAWA – Canada’s Senate on Thursday passed Prime Minister Justin Trudeau’s budget, adopting a long list of measures including a two-year ban on foreign home buyers and the power to confiscate and…
Singapore trading platform recognises crypto assets of accredited investors
By Anshuman Daga SINGAPORE – Singapore-based private securities platform ADDX said it has become the first financial firm in the city-state to recognise cryptocurrency in their assessment of assets of high-net worth…
Turkish cenbank acts to boost use of lira assets as collateral -bankers
ISTANBUL – The Turkish central bank has taken steps to increase the weight of lira-denominated assets in the collateral system as part of its currency strategy and steps in this direction will…
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
(Reuters) – Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher…
Vanguard commits $290 billion of assets to be net-zero by 2050
By Simon Jessop LONDON – Vanguard, the world’s second-biggest asset manager, said it expects nine funds managing $290 billion to reach the world’s climate goal by 2050 and be at least half…
Brussels says about $24 billion of Russian central bank assets frozen in EU, less than expected
BRUSSELS – European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of the Russian Central Bank, a top EU official said on Wednesday, revealing for…
EU to make breaking sanctions against Russia a crime, seizing assets easier
By Jan Strupczewski BRUSSELS – The European Commission proposed on Wednesday to make breaking European Union sanctions against Russia a crime, a move that would allow EU governments to confiscate assets of…
Fifteen People Charged with Trafficking Semi-Truckloads of Marijuana and Laundering Drug Proceeds, Over $40 Million in Assets Seized
INDIANAPOLIS – A federal grand jury has indicted fifteen people on drug trafficking and money laundering charges. Specifically, the indictment charges the defendants with a conspiracy to distribute semi-truckload quantities of marijuana…
Russia’s Sberbank divests some non-core assets
(Reuters) – Russia’s largest lender Sberbank has ceased to be a shareholder in some non-financial assets, the company said on Thursday, as it reviews its strategy. Sberbank said it no longer owned…
BayWa r.e. Partners with REV Renewables to Manage Solar Assets
IRVINE, CALIF., May 16, 2022 — Global renewable energy company and service provider BayWa r.e., today announced it has entered into 10-year agreements with REV Renewables to provide operations and maintenance (O&M) services…
UniCredit, Citi consider swapping assets with Russian institutions – FT
(Reuters) – UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday.…
Nigeria’s markets regulator publishes rules on crypto assets
LAGOS – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto…
Lordstown Motors shares surge after it sells assets to Foxconn
(Reuters) – Shares of Lordstown Motors shares surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had closed the deal to sell its Ohio…
Italy extends vetting powers to protect key national assets
ROME – Italy’s parliament has extended Rome’s special vetting powers to protect its key national assets by including the hydroelectric sector and new companies that plan to operate in industries deemed strategic,…
Danone reorganises Chinese assets, cuts ties with Mengniu
PARIS -France’s Danone said on Friday it would end its partnership with Chinese milk firm Mengniu by selling a 25% stake it holds in milk powder maker Yashili as well as a…
China discusses protecting assets from U.S. sanctions with banks -FT
(Reuters) – Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect China’s overseas assets from U.S.-led sanctions similar to those imposed on Russia after…
India seizes $725 million of Xiaomi assets over illegal remittances
By Aditya Kalra NEW DELHI -India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp after a probe found the smartphone maker had made…
U.S. oilfield services firm Halliburton warns of risk to Russian assets
(Reuters) – U.S. oilfield services firm Halliburton Co on Friday warned it may face Russian government seizure of its $340 million in assets in the country and a future charge to earnings…
EU agrees to freeze assets of Sberbank boss, Putin’s daughters
BRUSSELS – The European Union has agreed to freeze the assets in the EU of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters and more oligarchs, according to a…
Tauber-Arons to Handle Multi-Million Dollar Sale of Top Quality Assets From World Stage Event Technology Company
Expected to be the Largest Auction of Broadcast, Lighting, LED and Audio & Video Equipment Ever Held IRVINE, Calif., April 7, 2022 — Tauber-Arons of Los Angeles is pleased to announce that they will handle the sale of over $100,000,000 of state-of-the-art entertainment technology equipment from…
Kinross Gold to sell Russian assets for $680 million
(Reuters) -Kinross Gold Corp is selling its Russian assets to Highland Gold Mining group of companies for a total of $680 million in cash, the Canadian company said on Tuesday, nearly a…
Nearly half of crypto owners first bought digital assets in 2021 -survey
By Hannah Lang (Reuters) – Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to…
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