The former head of a virtual reality company pleaded guilty to securities fraud in June 2018. Neil Chandran was a past CEO of the Sungame company. Through this company, Chandran conducted a scheme to steal millions from investors. He did this through the sale of computer tablets valued at $1,000. The perpetraitor told victims [...]
In July 2018, a career criminal from Utah received an additional seven year prison sentence. This time for a telemarketing scam. The perpetraitor, Chad Gettel, created a scam that affected more than 10,000 people. According to prosecutors, these victims suffered losses of about $9 million. Gettel was already serving prison time for a mortgage [...]
Dutch authorities arrested an elderly couple in October 2017. The names of the perpetraitors are Herman van O and Chun L . Tax fraud, money laundering, forgery and illegal banking were the reasons behind the couple's arrest. Their crimes involved over €41 million (about $47 million) total. The arrest occurred at the couple's home [...]
A large investigation in the UK resulted in the arrest of 3 financial advisers on July 21, 2016. The arrests came as a part of a raid by the UK's HM Revenue & Customs (HMRC) authority. The perpetraitors arrest was for tax fraud. The search for the fraudsters required more than 30 officers from [...]
Black Sea Port police in Ukraine arrested Giuseppe Donaldo Nicosia in 2017. Nicosia is an Italian fugitive who was on the run for three years. He was on the run for stealing money and tax fraud. His crimes came to light during the Panama Papers scandal of 2016. This scandal revealed how many wealthy [...]
Fake news! Soccer star Lionel Messi “sentenced” to prison for tax fraud. Real news: He then gets off with a fine.
A Spanish court convicted soccer star, Lionel Messi of tax fraud in 2016. His conviction came after the release of the Panama Papers in the Spring of 2016. The Panama Papers are documents that were stolen and leaked to the public. The contents of these documents became a global scandal because it revealed financial [...]
Romania's richest man, Ion Tiriac, appeared on documents released in the Panama Papers scandal in 2016. The Panama Papers revealed how wealthy people around the world hid money to avoid paying taxes. Until 2016, these people successfully hid their money in offshore bank accounts. This strategy made it difficult to locate funds and assisted [...]
President of Chilean anti-corruption group resigns after Panama Papers scandal exposes financial skulduggery.
The President of an anti-corruption branch in Chile has stepped down. His name is Gonzalo Delaveau. Delaveau was the President of the Chilean branch of Transparency International. He resigned after the Panama Papers scandal. This scandal made over 11 million documents of confidential information public. The Panama Papers are documents that show how the [...]
Two billionaire brothers from Hong Kong named Thomas and Raymond Kwok were charged for bribery in 2012. After their arrest, only one of the brothers was found guilty. That brother, Thomas Kwok received a sentence of five years in prison in 2014. Raymond Kwok was acquitted of all charges. After the sentencing of Raymond [...]
Famed British Lord Ashcroft’s Belize bank found out and fined $$$ millions in the ongoing Panama Papers scandal.
Since the release of the Panama Papers in 2016, many of the world's richest people have been exposed for tax evasion. The Panama Papers are documents that reveal how offshore bank accounts are used to hide wealth. The documents showed that avoiding taxes was one of the main reasons for these accounts. Using this [...]