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Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, pleaded guilty in April last year to conspiracy to engage in money laundering. On social media, where Abbas had posted videos of himself tossing wads of cash like confetti, he referred to himself as a real estate developer. His social media account was a treasure trove of information for investigatorsFederal investigators have described Abbas as a prolific money launderer who leveraged his social media platform to gain notoriety and brag about his wealth. In a 2020 affidavit, federal officials detailed how his social media accounts provided details needed to confirm his identity. Even Abbas’ Instagram birthday party photos helped the investigation.

Companies Enbridge Inc FollowNov 4 (Reuters) - Canadian energy infrastructure firm Enbridge Inc (ENB.TO) on Friday announced a C$3.6 billion ($2.65 billion) expansion of the southern segment of its British Columbia (B.C.) Gas production in Western Canada this year neared record levels of 18 billion cubic feet a day. Enbridge said the expansion of the southern part of its system, known as T-South, will add 300 million cubic feet per day (cfpd) of capacity. It will serve customers in the Pacific Northwest and southern B.C., as well as the Woodfibre LNG project that Enbridge bought a C$1.5 billion stake in earlier this year. Enbridge shares were trading 1.6% higher at C$54.51 on the Toronto Stock Exchange on Friday after the company reported a higher third-quarter adjusted profit.

Eastern Canada, with its strong electricity-generating winds and short shipping distance, is a prime potential source for green hydrogen. Most hydrogen output uses natural gas or coal, called gray hydrogen, but companies want to produce green hydrogen without emissions by separating hydrogen from oxygen in water using wind-powered electrolyzers. Green hydrogen is typically more expensive, but soaring natural gas prices have elevated gray hydrogen production costs above those of green hydrogen, according to an October report. GERMANY-CANADA HYDROGEN PARTNERSHIPGermany and Canada signed a non-binding agreement in August to ship clean Canadian hydrogen to Germany by 2025. "We believe in green energy, but we don’t believe in destroying nature for a profit or supplying Germany," Rowe said.

☆ A survey of first-year investment bank analysts could indicate a shift in how future junior bankers are trained up
▼ + stars: | 2022-11-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Would you like to get inside the mind of Wall Street's junior bankers? Insider's Emmalyse Brownstein got her hands on recruitment firm Odyssey Search Partners' survey of first-year investment banking analysts. Click here to check out 13 of the most interesting data points from a survey of first-year investment banking analysts. 3. Business students don't want to work on Wall Street. Almost 90,000 business students from around the globe were surveyed on the top employers they would most want to work for.

Lara and Roger Griffiths bought their dream home … and then life fell apart. The Daily MailBefore they won a $2.76 million lottery jackpot in 2005, Lara and Roger Griffiths, of England, reportedly never argued. Then they won and bought a million-dollar barn-converted house and a Porsche, not to mention luxurious trips to Dubai, Monaco, and New York City. Shortly after, there were claims that Roger drove away in the Porsche after Lara confronted him over emails suggesting that he was interested in another woman. That ended their 14-year marriage.

☆ Garland to hold news conference on 'significant national security cases'
▼ + stars: | 2022-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +1 min

WASHINGTON — Attorney General Merrick Garland will hold a news conference Monday afternoon to discuss "significant national security cases addressing malign influence schemes and alleged criminal activity by a nation-state actor in the United States," the Department of Justice announced in an advisory. ET, and will be joined by Deputy Attorney General Lisa O. Monaco, FBI Director Christopher Wray, Assistant Attorney General for National Security Matthew G. Olsen and other Justice Department officials. The advisory didn't provide any additional details about the case, including what the alleged criminal activity entails or what foreign country or countries may be involved. Justice Department officials generally avoid taking law enforcement action that could affect voting within 60 days of an election. It's unclear if the announcement Monday is related in any way to the upcoming election.

☆ U.S. to announce criminal cases against a 'nation-state' -Justice Department
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 24 (Reuters) - The top law enforcement officials in the United States will on Monday announce U.S. action targeting "malign influence schemes and alleged criminal activity" by a "nation-state actor," the Department of Justice said. The national security cases will be discussed at a news conference at 1:30 p.m. (1730 GMT), the department said in a statement, without giving further details. Register now for FREE unlimited access to Reuters.com RegisterThe Justice Department also did not cite whether the schemes involved or were aimed at the Nov. 8 midterm U.S. elections. In July, the Justice Department filed charges over a multi-year political operation aimed a spreading Russian propaganda or influencing U.S. elections. In November 2021, the United States imposed Iran-related sanctions over attempts to influence the 2020 U.S. presidential election.

☆ DOJ says it needs more money for the Jan. 6 probe. The next spending bill may be its last chance.
▼ + stars: | 2022-10-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +8 min

WASHINGTON — The Biden administration says it is in critical need of more money to bring the Jan. 6 rioters to justice. The Justice Department has told Congress that more than $34 million in funding is "critically needed" to fund the investigation. “The cases are unprecedented in scale and is expected to be among the most complex investigations prosecuted by the Department of Justice,” the Justice Department wrote to the legislative branch. Before they broke for recess, lawmakers involved in the talks told NBC News that the fate of the Justice request was still unsettled. I don’t have any problem giving the Justice Department the resources it needs to do that,” he said.

☆ Democratic Lawmakers Ask Justice Department to Publish Data on Corporate Crime
▼ + stars: | 2022-10-20 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

A trio of Democratic lawmakers is asking the U.S. Justice Department to publicly disclose data related to its prosecution of corporate crime. ), comes after a top Justice Department official said data showed a decline in corporate criminal prosecutions. “We need to do more and move faster.”Sen. Durbin serves as chair of the Senate Judiciary Committee, which plays an oversight role over the Justice Department. The federal government hasn’t published a comprehensive report on corporate crime trends since 1979, the Democratic lawmakers said Thursday. A Justice Department report titled “Illegal Corporate Behavior” recommended that the agency start publicizing enforcement data through the Bureau of Justice Statistics.

Instead, they're embroiled in a battle over who is the legal owner of all that stolen crypto. A company spokesperson told CNBC that Bitfinex customers could have sold the tokens for cash and then used the cash to buy more bitcoins at the time. The decision to offer customers tokens came after the company decided to generalize its losses across all account holders by 36%. Bitfinex hack victim Rafal Bielenia. Will Hogarth, who also had his crypto stolen in the Bitfinex hack, told CNBC, "I still expect my bitcoin back and I don't see any reason why they would keep it."

Lafarge, which became part of Swiss-listed Holcim (HOLN.S) in 2015, agreed to pay $778 million in forfeiture and fines as part of the plea agreement. "Lafarge made a deal with the devil," Breon Peace, the top federal prosecutor in Brooklyn, told reporters following the guilty plea. At that point, Islamic State took possession of the remaining cement and sold it for the equivalent of $3.21 million, prosecutors said. REUTERS/Charles PlatiauHolcim said that former Lafarge executives involved in the conduct concealed it from Holcim, as well as from external auditors. No Lafarge executives were charged in the United States.

Companies Lafarge Sa FollowHolcim AG FollowNEW YORK, Oct 18 (Reuters) - French cement maker Lafarge pleaded guilty on Tuesday to a U.S. charge that it made payments to groups designated as terrorists by the United States, including Islamic State. The admission in Brooklyn federal court marked the first time a company has pleaded guilty in the United States to charges of providing material support to a terrorist organization. Lafarge, which became part of Swiss-listed Holcim (HOLN.S) in 2015, agreed to pay $778 million in forfeiture and fines as part of the plea agreement. U.S. prosecutors said that Lafarge paid Islamic State and al Nusra Front, through intermediaries, the equivalent of approximately $5.92 million. At that point, Islamic State took possession of the remaining cement and sold it for the equivalent of $3.21 million, prosecutors said.

☆ French company Lafarge pleads guilty to making payments to ISIS, is fined $778 million
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench company Lafarge pleads guilty to making payments to ISIS, is fined $778 millionCNBC's Eamon Javers joins 'Closing Bell' with Deputy Attorney General Lisa Monaco to discuss a French cement company called Lafarge that was giving money and material support to ISIS in order to keep a cement plant open in Syria. Monaco also discusses the largest crypto scam so far.

☆ LGBTQ Italians on alert as right-wing alliance triumphs in election
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +6 min

BERLIN — The triumph of a right-wing alliance in Italy’s election has raised concern among LGBTQ advocates, who fear nationalist leader Giorgia Meloni could adopt anti-gay policies as prime minister and set back their efforts to boost equality. What is Meloni’s stance on LGBTQ rights? Days before the election, however, a senior member of her Brothers of Italy (FdI) group suggested same-sex parenting was not normal. Despite lagging most of its EU neighbors on LGBTQ rights, a 2020 study by the U.S.-based Pew Research Center found 75% of Italians think homosexuality should be accepted. In the northern city of Verona, Stefano Ambrosini, a gay 28-year-old PhD student, said he feared Meloni’s election triumph could lead to an increase in homophobic violence.

☆ Crédit Agricole Subsidiaries to Settle Alleged Violations of U.S. Sanctions
▼ + stars: | 2022-09-26 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Two subsidiaries of French bank Crédit Agricole Group’s corporate and investment banking arm have agreed to pay more than $1.12 million in civil penalties to settle alleged violations of U.S. sanctions, the Treasury Department said on Monday. Separately, CFM Indosuez Wealth, a Monaco-based indirect subsidiary also of Crédit Agricole Corporate and Investment Bank, has agreed to pay $401,039 for allegedly violating sanctions against Cuba, Iran and Syria, OFAC said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Representatives of Crédit Agricole Corporate and Investment Bank didn’t immediately respond to a request for comment. The two subsidiaries were responsible for implementing the compliance policies of their two parents, Crédit Agricole SA and its investment banking arm, but failed to do so from as early as 2011 until 2016, according to OFAC.

☆ YouTubers are pushing dodgy crypto investment advice. Here’s why you should ignore it.
▼ + stars: | 2022-09-26 | by ( Rob Price | Meghan Morris | ) www.businessinsider.com time to read: +15 min

Together, these revenue streams mean cryptocurrency influencers profit off their viewers no matter which way the market turns. Of course, crypto YouTube is a far cry from the regulated world of traditional finance. Armstrong told the Post that he made "maybe close to a million" from before dropping sponsored content in January 2022. A price list leaked by ZachXBT appears to show that dozens of small crypto influencers also have menus for similar undisclosed deals. But with little regulatory oversight, crypto influencers show little sign of slowing down — despite the precipitous decline of the crypto market.

☆ Amazon's new unit has more than 400 employees, focused on helping engineers avoid rote work
▼ + stars: | 2022-09-22 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Today, we're kicking things off with my colleague Eugene Kim's look at a (secret) new team at Amazon. Amazon CEO Andy Jassy is trying to fix the company's crumbling engineering culture. According to leaked documents, Amazon formed the "Amazon Software Builder Experience" group to "focus on improving the experience of software builders across Amazon." Some Amazon engineers have expressed that they're "overwhelmed" by mundane software upgrade work, manual testing and deployment, and hard-to-use developer tools. The Meta CEO announced on Instagram: "Happy to share that Max and August are getting a new baby sister next year!"

☆ A 23-year-old, self-described 'Crypto King' reportedly had his Lamborghini, BMWs, and McLarens seized after investors sued him claiming he stole $35 million
▼ + stars: | 2022-09-21 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Aiden Pleterski, who calls himself "Crypto King," had $2 million of assets seized, CBC Toronto reports. Now, he's being sued by former investors in a bankruptcy proceeding and two civil lawsuits. The seized assets of the man, Aiden Pleterski, include his Lamborghini, two McLarens, and two BMWs, CBC Toronto first reported. A lawyer for Pleterski told CBC Toronto that Pleterski thinks the claims against him by former investors are "wildly exaggerated." In a meeting with creditors, Pleterski reportedly told them he was "very unorganized," and didn't keep records of his investments.

☆ Formula 1 in 2023: Record 24-race calendar revealed as Las Vegas debuts and China returns
▼ + stars: | 2022-09-21 | by ( Matt Morlidge | ) www.cnbc.com time to read: +4 min

"We are excited to announce the 2023 calendar with 24 races around the world. Making way for 2023 is the French GP, and a previously touted race in South Africa has not been included. The calendar was approved by the FIA and the World Motor Sport Council and revealed by F1's governing body on Tuesday. Formula 1 has revealed a record race calendar for 2023, with the sport set to hold 24 races in a season for the very first time. The 2023 Formula One Monaco Grand Prix will be held on Sunday 28th May, 2023."

SEC Climate Rule Won’t Demand Extensive Reporting From Small Businesses, Gensler Says Public companies wouldn’t be required to ask small private suppliers to report on their carbon footprints, the SEC chairman said, responding to concerns about compliance costs. The Morning Risk Report The Justice Department targets executive pay, probationary deals to curb corporate crime, and Biden orders deeper scrutiny of foreign investment in tech and supply chains. Also, SEC climate rule won’t demand extensive reporting from small businesses, Gensler says. Cryptocurrency Exchange Gemini Names Insider as Compliance Chief Christopher Mariadason’s promotion is the latest change in the company’s risk and compliance team in recent months. U.S. Banking Regulator Appoints New Climate Risk Chief Nina Chen, trained as a chemical engineer, joins the Office of the Comptroller of the Currency after leading the newly-created climate division at New York’s financial regulator.

☆ F1 is the biggest party weekend of the year in Singapore, but it'll easily set you back thousands of dollars. We broke down the prices.
▼ + stars: | 2022-09-19 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

The 2022 F1 Singapore Grand Prix is taking place from September 30 to October 2. Around 268,000 fans attended the 2019 F1 Singapore Grand Prix — the second-highest on record since the 2008 inaugural race, race organizer Singapore GP told local news outlet The Straits Times. Here's how much it'll cost you to party big during F1 weekend in Singapore. The Marina Bay skyline as viewed from Marina Bay Sands. 4FR/Getty ImagesLAVO, an Italian restaurant also on the MBS rooftop, is holding a Race Weekend Party Brunch.

☆ The world's most powerful are gathered in London for Queen Elizabeth II's funeral. Here's who is — and isn't — there
▼ + stars: | 2022-09-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Wpa Pool | Getty Images Entertainment | Getty ImagesHundreds of global dignitaries are gathered in London Monday to attend the funeral of Queen Elizabeth II, marking a level of ceremony unseen in the U.K. for decades. Britain's King Charles III waves as he's driven down the Mall in London on September 19, 2022, ahead of the State Funeral Service of Britain's Queen Elizabeth II. - Leaders from around the world will attend the state funeral of Queen Elizabeth II. President of United States Joe Biden and Jill Biden arrive for the State Funeral of Queen Elizabeth II at Westminster Abbey on September 19, 2022 in London, England. Japan's Emperor Naruhito and his wife Empress Masako arrive at Westminster Abbey in London on September 19, 2022, for the State Funeral Service for Britain's Queen Elizabeth II.

☆ Justice Department Targets Executive Pay, Probationary Deals to Curb Corporate Crime
▼ + stars: | 2022-09-15 | by ( Dylan Tokar | Dave Michaels | ) www.wsj.com time to read: +5 min

Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. “What you’re seeing here is an approach that is focused on both individual accountability and corporate responsibility,” she said. The policy changes are likely to face some pushback from companies and lawyers, and could be rolled back by future administrations. It also targets corporate policies concerning executive compensation, pushing companies to design clawback policies that would apply in cases where an executive is involved in wrongdoing. Companies that do so may be eligible for probationary deals and can avoid additional oversight measures that prosecutors sometimes impose after a settlement is struck.

☆ DOJ is changing the way it prosecutes companies, and it could put more executives in jail
▼ + stars: | 2022-09-15 | by ( Eamon Javers | ) www.cnbc.com time to read: +2 min

The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. DOJ is changing the incentive structure for companies negotiating with the government over cases of corporate wrongdoing, according to the official. The government will give credit to companies that come forward with information and names of individual executives involved in criminal activity, the official said. The department plans to also make it much more difficult for companies to get successive non-prosecution agreements. New rules are also expected on corporate compliance monitors who are often tasked with making sure companies stay on their best behavior after misconduct.

☆ Factbox: World leaders to attend Queen Elizabeth's funeral
▼ + stars: | 2022-09-12 | by ( ) www.reuters.com time to read: +6 min

Canadian Prime minister Justin Trudeau and Sophie Gregoire Trudeau attend the funeral of Her Majesty Queen Elizabeth II in Westminster Abbey. Jack Hill/Pool via REUTERSRegister now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 19 (Reuters) - Queen Elizabeth's state funeral will take place in London on Monday and a host of world leaders, royalty and other dignitaries will attend. Countries that have not been invited include Syria and Venezuela because London does not have normal diplomatic relations with those states. Britain has also not invited representatives from Russia, Belarus or Myanmar after it imposed economic sanctions on those countries. Related ContentFactbox: Plans for Queen Elizabeth's state funeral on MondayFactbox: Comments from crowds in London on Queen ElizabethFactbox: World leaders to attend Queen Elizabeth's funeralFactbox: Order of service for Queen Elizabeth's state funeralWindsor Castle, Queen Elizabeth's home and now final resting placeWestminster Abbey - traditional church for royals in life and death(This story was refiled to correct spelling of first name of Belize governor general)Register now for FREE unlimited access to Reuters.com RegisterCompiled by Farouq Suleiman and Kate Holton Editing by Deepa Babington and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

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