Italian authorities have seized €20 million in assets in Tuscany, including property, vineyards, and olive groves, allegedly bought with money embezzled from actress Ursula Andress.
In only three months, we have made significant progress, freezing, seizing, and forfeiting cryptocurrency worth more than $578 million from these criminals. She said her office will seek forfeiture through the courts and aims to return funds to victims.
AI czar David Sacks said California is taking a potentially "scary direction" if voters approve a wealth tax on billionaires. "This is not a tax, this is an asset seizure," Sacks told CNBC on the sidelines of the World Economic Forum in Davos. Sacks, a longtime venture capitalist, is just one of the many voices in the tech industry who have denounced "The Billionaire Act." Craft Ventures, the firm Sacks cofounded with Bill Lee, previously announced that Sacks had relocated to the Austin area in December.
A Dubai bank is instrumental in the long-running detention of the 71-year-old British businessman Ryan Cornelius who is serving a 30-year sentence that will keep him in jail until he is 84, his brother-in-law claims. Recent accounts show the Dubai Islamic Bank (DIB), which claims to be the trailblazer in championing Islamic values in banking, is on course to make more than $2bn in profit this year.
BANGKOK Prosecutors in Taiwan, Hong Kong and Singapore seized hundreds of millions of dollars in assets belonging to a Cambodian businessman whom the U.S. accuses of heading a global scam syndicate. It's the latest in a string of investigations and asset seizures that began when American prosecutors charged Chen Zhi, the founder of Cambodia's Prince Holding Group, with running a large-scale cyber-scam network whose operations span countries including the U.S., the U.K. and Palau.
In July, the High Court granted Patrick Lawlor and his wife, Leonie, free legal aid to challenge Cab's case against them A convicted bagman for an organised crime gang has asked the High Court for more free legal aid in order to have a quantity surveyor value his home as he fights a Criminal Assets Bureau (Cab) bid to seize the property.
