Financial markets
banks, insurance companies, brokers
How London became the dirty money capital of the world
| Financial Times | Russian oligarchs and companies have been investing in London for two decades, encouraged by British politicians of all stripes, but critics say the ‘London laundromat’ cleans dirty money from Russia and across the globe. The FT…
The Collapse of Lehman Brothers – A Simple Overview
| Company Man | The Lehman Brothers bankruptcy is the largest one of all time and it helped spark the 2008 financial crisis. The subject can be a bit complex but given that it’s such a historical event, I think…
How the pandemic has fuelled money laundering I FT
| Financial Times | Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities…
How Malaysia’s Banking Scandal Led To the Death of an Auditor
| VICE | The assassination of Bank Bumiputra Malaysia Berhad (BBMB) senior auditor Jalil Ibrahim shook the world. Prior to 1MDB, one of Malaysia’s biggest financial scandals was the Bank Bumiputra scandal. An elaborate scheme of corruption, false accounting, and…
- 2021
- Corruption, Financial crisis
How The Biggest Banks Get Away With Fraud
| ColdFusion | The mechanics of the fraud: how leveraged / inverse ETPs are constructed mathematically to defraud investors, many of which may not even know these are in their accounts. An extreme number of reverse splits…. why would the…
- 2021
- Financial fraud
Leaked documents reveal UK banks helped fraudsters and money-laundering
| BBC News | Leaked documents have revealed how some UK banks have helped criminals, money launderers and Russians under sanctions – and have also failed to stop crime when they suspected it. The documents – known as the FinCEN…
- 2021
- Money Laundering
The Man Behind the World’s Biggest Financial Fraud | Investigators
| VICE | This is the inside story of the world’s biggest financial fraud, the 1MDB scandal, where billions of dollars were stolen to fund the lavish lifestyle of businessman Jho Low. He used the stolen money to fund his…
- 2021
- Financial fraud
The Rise of Money Launderers on Snapchat and Instagram | Crimewave
| VICE | Gangs are always looking for new ways to launder their money, and in cities like London, Birmingham and Manchester, using money mules has become one of their favorite methods. Young and vulnerable people are convinced by criminals,…
- 2021
- Money Laundering
Credit Card Scammers on the Dark Web
| VICE | Credit card fraud has been on the rise for about a decade. In 2016 alone, losses topped $24 billion worldwide, half of which affected cardholders in the US. With a virtually unlimited amount of money to be…
- 2018
- Financial fraud
The Oligarchs
| Al Jazeera | Aljazeera’s investigative unit unravels a high-stakes international plot by powerful Eastern European oligarchs to make millions of dollars off a crooked deal. According to a Ukrainian analyst, “It sounds like an agreement between criminal bosses. You…
- 2018
- Financial fraud