Financial Fraud

Investors Sue Over Failed $130M Tinian Casino Development

Johnny K.
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Casino project updates, Asian Casino News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Northern Mariana Islands
A decade after grand promises of a “Titanic-themed” resort and casino on Tinian, the ambitious project has collapsed into a legal battle. Twenty-three Chinese nationals are now seeking $13.4 million in damages,...

Ex-DPWH Engineers Under Fire for Casino Losses and Flood Project Irregularities; Philippine AMLC to Investigate

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
Philippine Senate President Pro Tempore Panfilo Lacson has laid out serious allegations against a group of former Department of Public Works and Highways (DPWH) engineers, whom he referred to as the “BGC Boys” ...

U.S. Treasury Cracks Down on Southeast Asia Scam Hubs With New Sanctions

Vanja Mitic
Cambodia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Cheating, Online gambling regulation, Gaming Industry News, Employment & Careers, Myanmar, Crime, Financial Fraud, Fines, Lawsuits & Litigation
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sweeping sanctions on an extensive web of scam operations across Southeast Asia, citing their role in defrauding America...

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, South Korea
South Korea’s customs authorities have broken up a major illegal remittance scheme that funneled massive sums of money overseas to support gambling activities in the Philippines. The Korea Customs Agency (KCA) ...

Feds Push for Reduced Sentence for Bookie Who Aided Ohtani Case

Johnny K.
U.S.A., Las Vegas, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Money Laundering, Illegal Bookmaking, Sports betting, Crime, Financial Fraud, Nevada
Federal prosecutors are urging a California judge to impose a prison sentence far below federal guidelines for bookmaker Mathew Bowyer, whose gambling operation reached high-profile clients and drew scrutiny to...

Chinese Underground Banking Networks Fuel Global Criminal Finance

Vanja Mitic
Cryptocurrency, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, China, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Online Gambling News, Crime, Financial Fraud
Chinese underground banking systems, known informally as “fei qian” or “flying money,” have become central to the operations of organized crime groups around the world. Functioning beyond the reach of regulated...

Codere Implicated in Spanish Investigation Tied to Ex-Minister Montoro

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Employment & Careers, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Spain
A wide-reaching investigation by Catalonia’s police force, Mossos d’Esquadra, has revealed potential misuse of influence by former Spanish Finance Minister Cristóbal Montoro in connection with the gambling sect...

Over 600k Social Aid Recipients Suspected of Online Gambling in Indonesia

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Asian Casino News, Online Gambling News, Oceania Casino News, Crime, Financial Fraud
The Indonesian government is intensifying its crackdown on online gambling, revealing that hundreds of thousands of social assistance recipients may be diverting funds to illegal betting activities. According t...

Olympic Casino Faces €8.4 Million Fine Over Embezzlement Case

Johnny K.
Lithuania, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, European Casino News, Crime, Financial Fraud, Fines, Lawsuits & Litigation
Lithuania's Olympic Casino Group Baltija has been slapped with a substantial €8.4 million fine following a major investigation into its operations by the country’s Gaming Control Authority. The fine relates to ...

Ippei Mizuhara Sentenced for Stealing $17 Million from Shohei Ohtani to Fund Gambling Debts

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., MLB, Gaming Industry News, Economy/Finance, Employment & Careers, Sports betting, Crime, Fines, Lawsuits & Litigation, Financial Fraud
Ippei Mizuhara, the former interpreter for Los Angeles Dodgers star Shohei Ohtani, has been sentenced to 57 months in federal prison after admitting to stealing nearly $17 million from the baseball superstar. T...