INSIGHT: Dutch horse-trading business may be rife with money laundering, tax officials say

Regulatory Watch News

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  Leader Of International Stock Manipulation Ring Pleads Guilty

  United States Attorney Office -Southern District of New York

  November 4, 2024

  Damian Williams, the United States Attorney for the Southern District of New York, announced today that RONALD BAUER pled guilty to conspiring to commit securities fraud in connection with his role in a long-running “pump-and-dump” stock manipulation scheme. BAUER pled guilty before U.S. District Judge Paul A. Engelmayer and is scheduled to be sentenced on May 20, 2025.

  U.S. Attorney Damian Williams said: “For years, Ronald Bauer orchestrated a sprawling ‘pump-and-dump’ scheme involving the shares of numerous U.S.-based issuers that preyed on ordinary, retail investors.  While Bauer and his co-conspirators lived outside of the United States, they took advantage of the U.S. markets to perpetrate their fraud and reaped millions upon millions in profits at the expense of the victims. Today’s guilty plea should send a clear message that this Office is committed to holding market manipulators accountable no matter how hard they try to conceal their crimes.”

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  British Prime Minister opens global police assembly in Glasgow

  Interpol

  November 4, 2024

    GLASGOW, United Kingdom: Keir Starmer, Prime Minister of the United Kingdom, opened the INTERPOL General Assembly, stressing the need for international police cooperation to combat pervasive organized crime. The General Assembly is INTERPOL’s supreme governing body, made up of representatives from its 196 member countries. With around 1,000 attendees, it is the largest global gathering of senior law enforcement officials, who collectively decide how INTERPOL operates. This year, the General Assembly will elect the new Secretary General, after Valdecy Urquiza of Brazil was put forward as the chosen candidate of INTERPOL’s Executive Committee.

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  Slovakia: 15 arrests, multiple bank accounts and assets seized in €1.77 million EU subsidy fraud investigation

  European Public Prosecutor's Office

  November 4, 2024

  (Luxembourg, 4 November 2024) – Today, at the request of the European Public Prosecutor’s Office (EPPO) in Bratislava (Slovakia), the Slovak Presidium of the Police Force’s Office for Combating Organized Crime arrested 15 suspects, seized 17 bank accounts, and carried out 14 searches across Žilina and Nitra regions, in connection with an alleged €1.77 million EU subsidy fraud.