Kody Zander is the fifth person to be charged in connection to an ongoing investigation into alleged money laundering of millions of dollars’ worth of gold. James Hinds, QC, who represents the prosecution in the matter, told Summary Court Magistrate Valdis Foldats, “Kody Zander was charged in relation to a four-handed matter now before the […]

Key facts Primeo was a Madoff feeder fund that invested with BLMIS – Bernie Madoff’s investment advisory and trading business that was central to the Madoff Ponzi scheme. Primeo incurred huge losses and sued its custodian (HSBC) and administrator (Bank of Bermuda) for breach of duty. The Court found that there were breaches of duty […]

In court, Zarrab laid out how he paid tens of millions of dollars in bribes to Turkish government officials and banking executives to win their assistance—and cover—for the money laundering operation. He dropped a bombshell on his second day of testimony, when he implicated Erdogan as part of the scheme, saying he was told Turkey’s […]

Over six days on the stand, a star witness for the FBI spun a stunning tale of corruption and double-dealing. Looking nervous and somber, the FBI’s star witness entered from the lockup and shuffled across the New York federal courtroom in a beige prison smock. The Turkish-Iranian gold trader took a seat at the witness […]

In the recent case of HKSAR v Pang Hung Fai (FACC 8/2013), the Court of Final Appeal (the CFA) offered, for the first time, authoritative guidance on the mental element of “having reasonable grounds to believe” under section 25(1) of the Organized and Serious Crimes Ordinance (Cap 455) (the OSCO). Section 25(1) makes it an […]

In June 2010 the Royal Court confirmed the Commission’s approach in issuing public statements under Article 25, Financial Services (Jersey) Law, including where there is the risk of hardship and suffering. Homer -v- JFSC 2010 was an appeal against the Commission’s decision to issue a public statement under Article 25.   http://www.jerseyfsc.org/the_commission/general_information/public_statements/MrRussellSheltonHomer.asp In 2009 the Commission […]