It was one of the final decisions Trump officials made before leaving office. On January 15, 2021, the Treasury Department eased sanctions on Israeli billionaire Dan Gertler, temporarily restoring his access to a web of companies and frozen bank accounts that U.S. officials say he used to bilk more than $1.3 billion in mining revenues…
Danske Bank (DANSKE.CO) pleaded guilty to bank fraud conspiracy on Tuesday and agreed to forfeit $2 billion as part of an agreement with the United States to settle a long-running investigation involving billions of dollars in illicit payments. The accord with the Justice Department marks the first time the United States has taken action against…
Lifezone Metals, which plans to mine nickel in Tanzania with a low carbon footprint, will list in New York in a deal with blank-check acquisition firm GoGreen Investments , the companies said on Tuesday. Lifezone Metals, valued by the special purpose acquisition company (SPAC) deal at around $1 billion, owns the Kabanga Nickel mine and…
A British businessman accused of conspiring to violate U.S. sanctions placed on Russian oligarch Oleg Deripaska will fight extradition from Britain at a hearing in May, his lawyers told a London court on Monday. Graham Bonham-Carter is said by federal prosecutors in Manhattan to have worked for entities controlled by Deripaska, the billionaire founder of…
Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies who deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former UK prime minister…
A Hollywood producer’s stunning Southampton manse was completely destroyed in a blaze early Friday, officials said. The inferno broke out just before 12:24 a.m. at the Long Island estate of Oren Aviv, who has produced such flicks as “National Treasure,” authorities said. The blaze was under control within 30 minutes — but the “house was…
Earnings more than doubled in the 12 months through September, Trafigura said on Thursday, while revenue surged to $318.5 billion. The oil and petroleum products business had “an exceptionally strong year,” said Chief Financial Officer Christophe Salmon. The volatility and disruptions sparked by the war have helped create the most profitable period in history for…
The boss of the giant crypto exchange Coinbase has accused mainstream media outlets of being too soft in their coverage of disgraced FTX founder Sam Bankman-Fried, even as billions in customer funds remain missing. Coinbase CEO Brian Armstrong blasted the treatment Bankman-Fried has received during an ongoing media apology tour that has included widely scrutinized…
A former police officer who was tasked with protecting Jewish communities from terror attacks was reportedly among the 25 people arrested in connection with an alleged far-right plan to violently topple the German government. The Guardian reported Friday that Michael Fritsch was arrested near Hanover in northern Germany. The former police officer was detained along…
The House Ethics Committee is investigating Democratic New York Rep. Alexandria Ocasio-Cortez, the congressional panel confirmed Wednesday. The eight-member committee provided no details about the nature of the investigation, saying only that it had decided to extend its consideration of a matter brought to its attention on June 23 of this year, and would announce…