Moris Beracha was once “Customer A”Julio Herrera Velutini’s Bancrédito’s
FinCEN, the Financial Crimes Enforcement Network of the U.S. Treasury, “In the matter of Bancrédito International Bank and Trust Corporation” included the following description: “Customer A, an associate of Executive A, was a Venezuelan national with residences in Venezuela, and Miami, Florida. Customer A opened a personal banking account at Bancrédito in March 2014. At the time Customer A opened his account, Customer A was publicly named in a civil lawsuit stemming from a connection to a criminal Venezuelan Ponzi and bribery scheme.” [bold added] The civil lawsuit is: Carney v. Beracha et al. 3:12-cv-00180.

In a landmark decision, the U.S. Commodity Futures Trading Commission (CFTC) has levied a fine of $55 million against Trafigura Trading LLC, a subsidiary of the global commodities trader based in Houston, Trafigura PTE, Ltd. This action marks the first-ever enforcement by the CFTC under its whistleblower protection rule, established seven years ago. Announced on June 17, 2024, the settlement addresses several violations related to the Commodity Exchange Act (CEA) and CFTC regulations committed by Trafigura Trading LLC.

In a recent exposé, The International Consortium of Investigative Journalists (ICIJ) has drawn attention to the intricate methods utilized by Russian disinformation campaigns to sway public opinion. A key element of these tactics is known as narrative laundering, which involves crafting misleading information that appears credible by imitating reputable sources. This approach has become increasingly common in light of the ongoing conflict in Ukraine, with many false narratives regarding Ukrainian President Volodymyr Zelenskyy and his associates gaining traction online.

A customer of the unlawfully operating online casino Rolletto reported a series of unauthorized transactions involving their Monzo, HSBC, and Barclays bank accounts. These transactions, which took place between May 24 and May 25, 2024, were processed by PayOp and sent to Rolletto, a platform owned by Santeda International. These transactions highlight serious breaches of anti-money laundering (AML) laws.
FinTelegram issues an urgent warning againstThe nature of these transactions raises significant concerns regarding violations of anti-money laundering (AML) regulations. FinTelegram issues an urgent warning concerning Rolletto.

Jason Trador, aged 46 and residing in Scott Depot, West Virginia, was found guilty on April 10, 2024, for multiple counts related to deceitful practices against federal authorities, including making a false statement to federal agents, intentionally inflating property values on a loan application, and three counts of providing false statements to the United States Department of Housing and Urban Development (HUD).

Roscoe Copeland, 49, Detroit, Michigan, was sentenced yesterday to six years in prison for fraudulently conspiring to obtain over $650,000 in advance fees from borrowers seeking real estate loans. According to court documents, Copeland, was the founder and CEO of Alexis Realty Solutions LLC (ARS), which purported to be an alternative funding source for prospective […]

German Antonio Lopez-Velasquez, 55, Modesto, California, pleaded guilty today to conspiring to commit bank fraud.

According to court documents, German Antonio Lopez-Velasquez, a real estate agent, worked with Lisa Santos, 48, Long Beach, California, a mortgage loan officer, and Marko Antonio Lopez, 27, Modesto, California, a real estate agent and notary public, to obtain fraudulent mortgage loans for properties based in Stanislaus, San Joaquin, and Santa Clara Counties in California, and elsewhere…

The UK’s financial regulators presented significant challenges for Revolut, which was establishged by Nik Storonsky in 2015and Vlad Yatsenko, both Russian citizens.

both originally from Russia. After a three-year application process, the UK’s leading fintech firm has finally obtained a UK banking license with certain conditions. This achievement will allow Revolut to accept customer deposits and provide its branded loans, including mortgages, setting the groundwork for a future stock market listing.

While already incarcerated, the U.S. Commodity Futures Trading Commission (CFTC) has revealed that the U.S. District Court for the Western District of Texas has mandated [Abner Alejandro Tinoco](https://fintelegram.com/tag/abner-alejandro-tinoco) and his business, [Kikit & Mess Investments, LLC](https://fintelegram.com/tag/kikit-mess-investments), to pay over $31 million in financial restitution.