|
The Morning Risk Report: Alleged Kickback Scheme Leads to Murder-for-Hire, Money-Laundering Charges |
|
|
| |
|
|
The home of Leonid and Tatyana Teyf in Raleigh, N.C. PHOTO: GERRY BROOME/ASSOCIATED PRESS
|
|
|
A man living in North Carolina who allegedly laundered part of $150 million in kickbacks related to Russian military contracts was charged in a plot that authorities say involved an extramarital affair, a murder-for-hire plan, immigration fraud and bribing a public official, Risk & Compliance Journal’s Samuel Rubenfeld reports.
The case centers on 57-year-old Belarus-born Leonid Teyf, who was charged along with his wife and three others. Mr. Teyf took part in the scheme between 2010 and 2012, when he was an executive at a Russian military contractor, prosecutors alleged. Others involved received some of the money; Mr. Teyf, his wife and others transferred some funds into the U.S., including about $39.5 million into accounts held at Bank of America, prosecutors said.
|
|
|
|
Authorities seek to seize more than $39 million in assets related to the case, including a mansion in Raleigh, N.C.; $2.6 million in artwork; multiple Mercedes-Benz vehicles; and a Ruger pistol with an obliterated serial number, according to the indictment, which was unsealed Wednesday. The Teyfs were arrested last week, according to court records, on the same night that local media reported that authorities raided their home. A call to the family’s home wasn’t answered. A lawyer for Mr. Teyf didn’t respond to a request for comment.
Nearly all of the assets transferred to the Bank of America accounts were moved from places seen as red flags for money laundering, prosecutors said. One account received $14.7 million in wire transfers from accounts in Belize, the British Virgin Islands, Hong Kong, Panama and the Seychelles, prosecutors said. Of the accounts from which these funds originated, prosecutors said, more than $13 million came from Cyprus and the rest from Hong Kong.
|
|
|
|
Deutsche Bank Faces Fresh Calls for Scrutiny in Congress |
|
Scrutiny of Deutsche Bank AG on Capitol Hill looks to be intensifying as Germany’s largest lender deals with multiple investigations into its ability to prevent illicit money flows.
|
|
|
FDA Withdraws Proposed Generic-Drug Labeling Rule |
|
|
|
U.S. Companies Asked to Disclose More About Their Workers |
|
Some of the country’s largest pension funds want companies to disclose more information on worker pay, location and the types of jobs their employees do.
|
|
|
Economists See U.S.-China Trade War as Biggest Threat in
2019 |
|
|
French Riots Inflict Pain on Paris’s Shopkeepers |
|
|
U.S. to Africa: Pick Either US or China and Russia, Not
Both |
|
|
Las Vegas Housing Weakness Signals the Slowdown Is
Spreading |
|
|
Regulators Pinpoint One Source of Latest Romaine Lettuce
Outbreak |
|
One source of the latest nationwide E. coli outbreak linked to romaine lettuce is the sediment of an irrigation reservoir on a Californian produce farm, food regulators said Thursday.
|
|
|
|
Starbucks to Offer Coffee Delivery Across U.S. |
|
Starbucks Corp. plans to expand coffee delivery across the U.S. with UberEats as part of a broader strategy to try to reach more customers.
|
|
|
LVMH Seals $2.6 Billion Deal for Hotel Operator
Belmond |
|
French luxury-goods company LVMH Moët Hennessy Louis Vuitton SE said Friday it has agreed to acquire Belmond Ltd., a London-based owner and operator of high-end hotels around the world.
|
|
|
GE to Sell Part of Digital Business |
|
General Electric Co. said it reached a deal to sell off part of its GE Digital business and set aside the rest in a separate company, as the conglomerate narrows its focus and scales back its software ambitions.
|
|
|
BlackRock, Microsoft to Build Retirement-Planning
Platform |
|
|
L Brands Sells La Senza Lingerie to Private-Equity
Firm |
|
|
Instacart, Whole Foods Part Ways |
|
Whole Foods is severing ties with delivery service Instacart Inc., as the natural supermarket chain’s owner Amazon.com Inc. expands its own delivery efforts.
|
|
|
|
|
Apple is planning a new campus in Austin, Texas, that could eventually have the capacity for 15,000 employees. PHOTO: JAY JANNER/ASSOCIATED PRESS
|
|
|
Apple Plans Billion-Dollar Austin Campus in Wave of New
Sites |
|
Apple Inc. said it plans to invest $1 billion building a new corporate campus in Austin, Texas, promising to create as many as 15,000 jobs, as it and a handful of other tech giants expand their footprint beyond the West Coast.
The Cupertino, Calif.-based iPhone maker said it would also establish new offices in three cities—San Diego, Seattle and Culver City, Calif.—where it said it would add more than 1,000 employees in each place. Over the next three years, Apple said it would add hundreds of jobs in cities where it already has offices, including New York, Boston and Portland, Ore.
|
|
|
Renault Sticks With Carlos Ghosn as Internal Probe Finds No Illegality |
|
Renault SA’s board said Carlos Ghosn, under arrest in Japan for allegedly understating his compensation, will remain chairman and chief executive of the auto maker after it found no financial wrongdoing in France.
|
|
|
Caterpillar Puts CEO Back in Charge of Board |
|
Caterpillar Inc.’s chief executive Jim Umpleby has been named chairman of the machinery giant’s board as well, cementing his leadership nearly two year into his tenure.
|
|
|
|
Big Four Accounting Firms’ Revenue Rises 10.4% |
|
Global revenue at the Big Four accounting firms rose more than 10% in 2018, their strongest annual growth in at least a decade, as they continued a long shift toward consulting over their core auditing businesses.
|
|
|
|
|
|