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Man Sentenced for Attempting to Bribe African Officials

A multi-million dollar scheme to bribe top African officials in order to boost a Chinese energy company has landed Patrick Ho, a former Hong Kong government official who US Attorney Geoffrey S. Berman on Monday called “brazen,” to three years in jail.

Bulgarian Ministers Resign Over Posh Real Estate Scandal

Bulgarian Deputy Minister of Energy Krasimir Parvanov became the third top official to resign on Tuesday, after OCCRP partners revealed that a slew of Bulgarian politicians snagged luxurious real estate in Sofia, the nation’s capital, for just a quarter of market price.

Temer Arrested in Lava Jato Investigation

Brazil arrested ex-president Michael Temer for bribery connected to the Lava Jato, or “Car Wash” operation on Thursday, in a massive scandal dubbed “the largest foreign bribery case in history,” by the US Department of Justice.

Report: US$32.7 Billion Lost in Telecom Fraud Annually

Telecommunications or telecom fraud is a fast-growing field of criminal activity and a low-risk alternative to traditional methods of financial crime, costing today’s world some US$32.7 billion (€29 billion) annually, according to a joint report published Thursday by Europol’s European Cybercrime Centre and Trend Micro, a Taiwanese cyber security and defense company.