{ }
Billionaire Gautam Adani has been indicted in the United States on bribery charges. This legal development raises significant concerns regarding his business dealings and the implications for his vast empire. Further details on the case are expected to unfold as the situation develops.
Jay Clayton, selected by President-elect Donald Trump as U.S. Attorney in Manhattan, emphasized the office's strong position to tackle national security issues. He highlighted a focus on combating terrorism financing and money laundering as key priorities moving forward.
LetterOne Holdings, a UK investment firm established by sanctioned Russian billionaires, has failed to overturn a British government-ordered sale of a broadband provider. The High Court ruled the government's decision was fair and reasonable, dismissing the challenge from the firm founded by Mikhail Fridman, Petr Aven, and German Khan.
Gary Wang, co-founder of FTX, was sentenced to time served and three years of supervised release after pleading guilty to multiple fraud charges. He was ordered to forfeit $11 billion and credited for his cooperation with authorities, which included testifying against founder Sam Bankman-Fried. Wang expressed remorse in court, stating he took the "cowardly path" and vowed to make amends.
Bill Hwang, founder of Archegos Capital Management, is set to be sentenced for fraud and market manipulation linked to the 2021 collapse of his $36 billion family office. Prosecutors are seeking over 20 years in prison and $10 billion in restitution, while Hwang"s lawyers argue he should receive no prison time, citing his current worth of approximately $55 million.
Marine Le Pen has accused prosecutors of attempting to impose a "political death sentence" through a trial for alleged embezzlement, which could bar her from running for president in 2027. She claims the prosecution is politically motivated and threatens to withdraw support from Prime Minister Michel Barnier"s government over budgetary disagreements, particularly regarding tax increases. Le Pen emphasized that the proposed penalties would irreparably damage her reputation and undermine democracy.
Switzerland is set to combat organised crime through a national strategy initiated by Justice Minister Beat Jans. The Federal Office of Police (Fedpol) will lead the effort, emphasizing that tackling this growing threat requires a collective societal approach. Organised crime poses risks to public safety, the legal economy, and victims of human trafficking, with Switzerland's stable political and financial environment making it an attractive hub for various criminal activities.
The Ghaoui Group has secured a partial judgment of approximately $500,000 against Anderson, who is contesting the ruling, claiming he was unaware of the lawsuit until December 2023. Additionally, the group is pursuing a civil fraud case against Anderson and two GHI employees, all of whom deny the allegations. Anderson faces scrutiny over a failed transaction involving a $500,000 deposit for medical gloves, which he claims he could only partially return due to a fire at GHI's warehouse.
Bill Hwang, founder of Archegos Capital Management, faces a potential 21-year prison sentence for orchestrating a market manipulation scheme that led to over $10 billion in losses for lenders. Convicted of multiple felonies, including securities fraud, Hwang's lack of remorse and history as a repeat offender have influenced the prosecution's demands, which also include the forfeiture of $12.35 billion for victim compensation. An appeal is anticipated as Hwang's defense argues against the necessity of a prison term, citing insufficient evidence linking his actions to the financial fallout.
UnitedHealth is defending its $3.3 billion acquisition of Amedisys against a DOJ lawsuit aimed at blocking the deal due to antitrust concerns. Optum, a subsidiary of UnitedHealth, argues that the merger will enhance care delivery and competition in the home health market, which remains highly competitive. The DOJ previously attempted to challenge UnitedHealth's acquisition of Change Healthcare in 2021, but that lawsuit was unsuccessful.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.