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Legalfinancial Scandal

All articles tagged with #legalfinancial scandal

legalfinancial-scandal1 year ago

"Chinese Mogul's Financial Scam Funneled Millions to Bannon, Fox, and Gettr, Docs Reveal"

Court documents reveal that Chinese businessman Guo Wengui funneled millions of dollars to influential figures in MAGA World, including Steve Bannon, Jason Miller, and Fox News, as part of a "fraudulent scheme" to hide wealth from creditors. The trustee in Guo's bankruptcy case is seeking to recover the funds, targeting entities such as Gettr, Bannon Strategic Advisors, and Jamestown Associates. The materials also expose ties between Guo and key players on the American right, including payments to Washington Times columnist Bill Gertz's nonprofit. Notably absent from the list of defendants are Donald Trump Jr. and former Trump trade adviser Peter Navarro.

via The Daily Beast|
#fox-news#gettr#guo-wengui
legalfinancial-scandal1 year ago

"Brett Favre Ordered to Repay $730K in Mississippi Welfare Scandal"

Mississippi state auditor Shad White is still pursuing Hall of Fame quarterback Brett Favre to repay $729,790 in interest from $1.1 million in federal welfare funds that Favre allegedly received improperly. Favre, who has already repaid the original amount, is facing legal battles and defamation lawsuits related to his involvement in the scandal, which also implicates other "well-connected people" accused of diverting $77 million in funds intended for the poor.

via Yahoo Sports|
#brett-favre#defamation-lawsuit#legal-battle
legalfinancial-scandal1 year ago

"Watchdog Uncovers Fake Chicago Deal: Did Trump Evade Taxes?"

A court-appointed monitor overseeing Donald Trump’s businesses reported financial disclosures that suggest the former president evaded taxes on millions of dollars in income by hiding money in fake loan transactions. The report alleges that a major $48m loan for one of his properties in Chicago may have never actually existed, potentially allowing him to evade taxes on $48m of cancelled debt. The monitor's letter is part of a civil fraud case brought by the New York Attorney General, seeking $370m in "ill-gotten gains" and a ban on Trump and his sons from the real estate industry.

via The Independent|
#donald-trump#financial-statements#fraud
legalfinancial-scandal1 year ago

"Watchdog Uncovers Fake Loan in Trump's Chicago Deal, Raising Fraud Risk"

A court-appointed monitor overseeing Donald Trump’s businesses reported financial disclosures that suggest the former president evaded taxes on millions of dollars in income by hiding money in fake loan transactions. The report alleges that a major $48m loan for one of his properties in Chicago may have never actually existed, potentially allowing him to evade taxes on $48m of cancelled debt. The monitor's report is part of a fraud case brought by the New York Attorney General, seeking $370m in ill-gotten gains and a ban on Trump and his sons from the real estate industry.

via The Independent|
#donald-trump#financial-statements#fraud
legalfinancial-scandal2 years ago

Vatican Trial Verdict: Cardinal Becciu's Conviction Raises Questions on Papal Power

Following the guilty verdicts in the Vatican City court trial related to the Secretariat of State's financial scandal, most of the convicted defendants have announced their intentions to appeal. However, the likelihood of success is uncertain due to the complex and opaque court procedures in Vatican City. Cardinal Angelo Becciu, the star defendant, may face difficulties in avoiding the full force of the verdict against him. Other defendants, such as Fabrizio Tirabassi and Enrico Crasso, also face high evidentiary bars to clear on appeal. On the other hand, Raffaele Mincione, who was acquitted on most charges, has argued that the evidence is on his side and has pursued legal action in the UK. The credibility of Vatican City's legal system is being questioned, with some seeing the convictions as proof of financial reforms under Pope Francis, while others criticize it as a kangaroo court.

via The Pillar|
#appeals#financial-crimes#legal-system
legalfinancial-scandal2 years ago

Unveiling the Vatican's Trial of the Century: Revelations, Involvement of Pope Francis, and Verdicts Awaited

Verdicts are expected in the Vatican's complex financial trial, which involved a cardinal and nine other defendants. The trial, initially seen as an opportunity for Pope Francis to crack down on alleged financial misdeeds, failed to produce a smoking gun to support the prosecution's claims of a grand conspiracy. Instead, the trial revealed unintended revelations about Vatican vendettas, incompetence, and ransom payments that harmed the Holy See's reputation. The case centered around the Holy See's investment in a luxury London property, with allegations of fraud, embezzlement, extortion, and corruption. Cardinal Angelo Becciu, once a top adviser to Pope Francis, became enmeshed in the trial, facing accusations of embezzlement and paying for intelligence services. The trial also exposed the involvement of Monsignor Alberto Perlasca, who initially appeared as a prime suspect but later cooperated with prosecutors. The trial shed light on the pope's own role, with evidence suggesting his involvement went beyond encouragement, raising concerns about interference in the legal system.

via Yahoo News|
#cardinal-angelo-becciu#financial-misdeeds#legalfinancial-scandal