A Singapore oil magnate faces prison in a major fraud case over financing trade

A Singapore oil magnate has been sentenced to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state’s reputation as Asia’s leading oil trading hub

World - ABC News - 3 hours ago

Singapore oil trader sentenced to 17 years for ‘cheating’ HSBC over $112mn

Octogenarian Lim Oon Kuin handed long jail term as ‘deterrent’ in city-state’s fight against commodity trading corruption

World - Financial Times - 7 hours ago

FTX’s engineering chief Nishad Singh spared prison time in fraud case

Coder was one of several members of Sam Bankman-Fried’s inner circle to testify against their former boss at trial

Business - Financial Times - October 30

Lammy seeks to repair Trump relationship after ‘Nazi’ jibe

UK foreign secretary offers congratulations to US president-elect six years after branding him a ‘sociopath’

World - Financial Times - November 6

Bitcoin hits record above $75,000 as crypto industry celebrates Trump win

Republican presidential victor has vowed to end regulatory crackdown on cryptocurrency industry

World - Financial Times - November 6

Sam Bankman-Fried’s ex-deputy Nishad Singh spared prison time over crypto fraud

Former FTX executive who shared Bahamas penthouse with Bankman-Fried pleaded guilty to six felony counts. The former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse ...

World - The Guardian - October 30

British banks face an expensive motor finance crash

Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lenders

World - Financial Times - November 8

Scottish government facing £170m court case over axed bottle recycling scheme

Ministers could face a huge bill if they lose a legal fight over beleaguered bottle return plans.

UK gives asylum to son of Singapore founder over persecution claims

Lee Hsien Yang has alleged he faced oppression back home from the government his brother had led.

Ex-FTC Executive Singh Spared Prison for Role in Crypto Fraud

The former chief engineer at FTX cooperated extensively with prosecutors in their case against founder Sam Bankman-Fried.

Business - Inc. - October 30

Major verdict reached in Iraq abuse case

Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Jury awards $42M to former Iraq prison detainees Three former ...

Politics - The Hill - 5 days ago

Their Lives Were Bound by a Fraud Case; Their Fates by a Sinking Yacht

Mike Lynch and Christopher Morvillo spent 12 years together fighting a legal battle over two continents. Their victory celebration ended in tragedy.

Business - The New York Times - 2 days ago

Trio charged over suspected international PPE fraud

The trio, including a husband and wife, are charged after a National Crime Agency investigation.

Why Tesla, crypto and prisons are Trump trade winners

As the dust settles on a post-election stock market rally, some firms have already gained.

German finance minister warns of retaliation if U.S. kicks off trade war

German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation.

Business - CNBC - October 25

Alabama Prison Labor Program Faces Legal Challenges

A work-release program for Alabama prisoners provides labor for corporations and income for the state. Lawsuits are challenging its constitutionality.

Business - The New York Times - October 26

How Russia’s energy minister plotted merger of country’s oil majors

Pitch by Sergei Tsivilev, a relative of Vladimir Putin, aimed to tighten oversight of Rosneft and nationalise Lukoil

World - Financial Times - 5 days ago

Americans accused of noncitizen voter fraud face doxxing and intimidation

Efforts to purge voter rolls of noncitizens have ensnared many U.S. citizens who were newly naturalized or victims of paperwork mistakes or clerical errors, experts say.

House arrest considered as alternative to jail in bid to ease prisons crisis

Major review of sentencing announced as 1,100 inmates are freed in latest phase of early release scheme

World - Financial Times - October 22

Billions at stake in court battle over North Sea oil

Lawyers and campaigners have made their arguments before Lord Ericht in Edinburgh this week.

US woman in 1990 'killer clown' case released from prison

Sheila Keen-Warren pleaded guilty to murdering her husband's first wife while wearing a clown costume.

Woman convicted in Florida killer-clown cold case released from prison

A woman convicted of dressing up as a clown in 1990 and murdering the wife of a man she later married has been released from prison, putting to rest one of the more bizarre cold cases Florida has ...

Trump and Germany loom over uncertain COP29 finance talks

Also in this newsletter: Much ado about party politics at European commissioner hearings

World - Financial Times - 6 days ago

OMV Misses Views as Weak Refining, Oil Trading Hit Results

The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.

Business - The Wall Street Journal - October 29

Shell Earnings Beat Views as Gas Trading Offsets Low Oil Prices

Shell’s earnings topped market views thanks to its gas and upstream divisions, partly offsetting low oil prices and weak refining margins that have hit energy majors’ results over the third quarter.

Business - The Wall Street Journal - October 31

Ukraine and Russia clash over prisoners of war

World - Yahoo News - November 3

Mum’s anguish over son’s ‘endless’ prison sentence

James Lawrence threatened someone with a fake gun in 2006 and is still in prison.

JP Morgan sues customers over viral TikTok cheque fraud

“Infinite money glitch” allowed the withdrawal of funds from cheques before they were cleared by the bank.

Alarm grows over Trump and Musk’s blizzard of baseless voter-fraud claims

Falsehoods swirling on X and other platforms undermine trust and create potential for violence, critics warn. US election 2024 live: latest updates US election results 2024 – live tracker ...

World - The Guardian - November 5

Italy arrests dozens over €520mn ‘mafia tax fraud’

Luxury cars and boats among items seized over widespread VAT fraud scheme, says European prosecutor

World - Financial Times - 4 days ago

Robinhood poised as ‘major beneficiary’ of Trump’s crypto trading changes: analyst

A boost is expected from crypto-assets listings, as one analyst flags expected changes to securities laws under a Trump administration.

Business - MarketWatch - 59 minutes ago

Japan plunged into political turmoil after voters punish ruling LDP

Coalition led by Prime Minister Shigeru Ishiba’s Liberal Democratic party loses parliamentary majority

Business - Financial Times - October 28

Mexico’s New President, Claudia Sheinbaum, Faces First Major Crisis

A confrontation between the judiciary and the governing party will test Claudia Sheinbaum’s leadership and offer a window into how she will wield power.

World - The New York Times - November 1

Serious Fraud Office probes £112mn hotel built by leading UK trade union

Birmingham project commissioned by Unite has been valued at way below its construction cost

Business - Financial Times - October 21

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

Business - CNBC - October 29

Shell shares rise as oil major brushes off impacts of global refining slump

The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and ...

Business - MarketWatch - October 31

Oil prices lifted by report Iran may be planning another major strike on Israel

Oil futures finished higher on Friday, finding support after a news report that Iran may be planning another major strike on Israel.

Business - MarketWatch - November 1

Oil prices drop over 6% after Israeli airstrikes spare Iran’s oil facilities

Oil futures fell sharply Monday, with U.S. and global benchmark crude posting the largest one-day percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did ...

Business - MarketWatch - October 28

Trump ground game faces new fraud claims as video shows door-knock hack

Exclusive: clip from canvasser for Musk’s America Pac reveals apparent ease in which GPS location can be spoofed. US politics – live updates Donald Trump ’s ground game in Arizona and Nevada ...

World - The Guardian - October 22

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