Publication of senate torture report won’t end litigation
By Zoe Tillman, From Legal Times, The Senate Intelligence Committee on Tuesday released hundreds of pages of previously classified documents providing new details on the scope of the CIA’s detention and interrogation program. The full study, at more than 6,700…
Caribbean News front pg story iBusiness iCrime iCulture iEntertainment iEnvironment iLocal News iTech iWorld News News Sports Local
iNews Briefs
Canover Watson, FIFA member, charged with fraud in CarePay probe in Cayman Islands Canover Watson (43), a Cayman Islands businessman, a past winner of the Young Caymanian Leadership Award and member of FIFA’s financial monitoring panel has been charged with five…
Fort Lauderdale trial aims to topple top level of secret bank accounts
By John Pacenti, From Daily Business Review The Justice Department cracked open Switzerland’s centuries-old custom of banking secrecy when it forced UBS AG to disclose the names of secret U.S. account holders on top of fining it $780 million. But…
Cayman Islands investment advisor sentenced in US for money laundering
Washington, DC—(ENEWSPF)—October 3, 2014. Eric St-Cyr, an investment advisor, and Patrick Poulin, an attorney, were sentenced today to serve 14 months in prison and three years of supervised release each for conspiring to launder monetary instruments, the Justice Department and…
Caribbean-based [Cayman Islands] investment advisor sentenced for using offshore accounts to launder and conceal funds
Washington, DC—(ENEWSPF)—September 5, 2014. Joshua Vandyk, an investment advisor, was sentenced today to serve 30 months in prison for conspiring to launder monetary instruments, the Justice Department and Internal Revenue Service (IRS) announced. Vandyk, a U.S. citizen, and Eric St-Cyr…
BofA agrees to pay $17-billion penalty over mortgage meltdown
By Scott Reckard From Los Angeles Times BofA reportedly near mortgage deal Bank of America reportedly agrees to a $17-billion settlement of government claims over the mortgage meltdown A Bank of America deal would be the largest arising from the…
Here’s evidence that insanely long prison terms are a bad way to deter crime
By Corey Adwar From Business Insider A wide-ranging new report from the National Research Council on mass incarceration in the United States finds that lengthy prison sentences are not the best way to deter crime. From 1972 to 2012, the…
US Justice Dept. investigating missing IRS emails
From Newsmax The Justice Department said Wednesday that it was investigating the circumstances behind the disappearance of emails from a former senior Internal Revenue Service official, part of a broader criminal inquiry into whether the agency had targeted conservative groups…
Citigroup settles with US government for $7 Billion
By Brendan Pierson, from New York Law Journal New York will get $182 million out of a $7 billion settlement between Citigroup Inc. and the federal government over the bank’s activity in the subprime mortgage market, which was announced Monday….
Caribbean-based lawyer pleads guilty in laundering sting [Cayman Islands]
By David Voreacos From Bloomberg A Caribbean-based lawyer charged in a sting operation pleaded guilty to helping launder what he was told were proceeds of a bank fraud designed to hide $2 million from U.S. tax officials, according to the…
