Category Archives: trade

L.A. fashion district firms raided in cartel money laundering probe

Federal agents

Sinaloa cartel bosses had a problem. They were holding a hostage and needed to get the $140,000 ransom his family agreed to pay from the United States to Mexico in the form of pesos.

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The Swiss Attorney General is looking into embezzlement and money laundering.

Former German goalkeeper Franz Beckenbauer is being investigated by the Swiss Attorney General on suspicion of embezzlement and money laundering, according to reports.


Putin’s Cronies Helped Russian Mafia In Spain, Prosecutors Say: Report

Vladimir Putin
Russian President Vladimir Putin attends a session of the Civic Chamber at the Kremlin in Moscow, Russia, on June 23, 2015.

One of Russia’s largest mafias operated out of Spain for more than a decade with help from some of Russian President Vladimir Putin’s cronies, prosecutors in Madrid said.

A 488-page complaint to the Central Court obtained by Bloomberg News alleged direct links between Moscow officials and the St. Petersburg-based crime organization Tambrov, which allegedly moved into Spain in 1996 to launder profits from its criminal activities.

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Organized crime on the rise in Germany

The annual report into organized crime, presented in Berlin on Wednesday by interior minister Thomas de Maizière, showed a 7.2 percent increase last year in the number of investigations into organized crime.

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Hunting The World’s Most Wanted People Smuggler

Ermias Ghermay is a wanted man. Last year alone his gang is said to have made $10 million trafficking people to Europe. Alex Crawford reports from Libya.

The hunt for the world’s most wanted people smuggler took us through some of the most inhospitable places on Earth as well as some of the most dangerous.

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Hungarian Enterpreneur Plans to Turn Paphos into Dubai


A Hungarian entrepreneur is planning to invest 7.5 billion euros in order to turn Paphos into a luxury tourist destination that resembles Dubai. His ambitious plans include the construction of an artificial island, as well as three or four large hotels and a marina for luxury yachts.

The investment concerns the area of Yeroskipou and the land belongs to the Church of Cyprus. The issue was discussed at a government meeting attended by the Cypriot Minister of Interior Socrates Hasikos and Agriculture, Natural Resources and Environment Nicos Kouyialis, with the participation of Archbishop Chrysostomos, who appeared confident that this huge investment will be implemented soon.

The Hungarian investor seeks to attract wealthy businessmen from his country, who will transfer their companies to Cyprus and permanently reside on the site he is planning to create.

Playboy Model Cathy Schmitz, Aged 24, Marries 81-Year-Old Billionaire Richard Lugner

Cathy Schmitz

German Playboy model Cathy Schmitz has married Austrian construction billionaire Richard Lugner following a whirlwind romance.

The 24-year-old tied the knot with the mogul, who is 57 years her senior, in a lavish ceremony held at the Schönbrunn Palace, in Vienna.

Lugner is best known for inviting A-list women including Raquel Welch, Pamela Anderson, Paris Hilton and most recently, Kim Kardashian to accompany him to the annual Vienna Opera Ball.

Earlier this year, he made headlines after he branded Kardashian “annoying” for paying him little attention at the ball and refusing to dance with him.

Ahead of their nuptials, Lugner, who has been married four times before, told online newspaper The Local he had finally found the woman of his dreams in Schmitz.

“Apart from the big age difference everything fits. Of course I argued less when I was alone, but a man needs a partner,” he gushed.

“Hopefully, this time it’s the right thing.”

The newlyweds started dating in February and got engaged in August after the 81-year-old magnate popped the question.

Schmitz worked as an official Playboy Bunny at the Playboy Club in Cologne before landing the cover of German Playboy in 2013.

Announcing her wedding on Facebook, she said: “In love, engaged, married!” along with a picture of her wedding ring.

She later described her big day as “an incredible and unforgettable experience”.

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