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At least some share purchases generated kickbacks for a Europe-based Credit Suisse relationship manager, who used a Bermuda subsidiary to facilitate unauthorised acquisitions for a billionaire client’s account, a Bermuda court heard yesterday. The re...

Week two begins today in the Supreme Court case where a former prime minister of Georgia is alleging that a Credit Suisse Bermuda unit bears responsibility in how $400 million of his money went missing. Bidzina Ivanishvili concluded on Friday his thi...

Bidzina Ivanishvili, the billionaire and former prime minister of Georgia, gifted $1 million to rogue Credit Suisse banker Patrice Lescaudron — a man who defrauded his clients for a decade and later was imprisoned for his crimes. The disclosure was m...

The former prime minister of the Caucasus country of Georgia may be called to give evidence as early as this morning in a case being heard in Bermuda’s Commercial Courts. The case, before Chief Justice Narinder Hargun, is being conducted virtually vi...

A member of the public has lost more than $10,000 in a scam investment scheme that promised high returns. A police spokesman highlighted a second scheme where fraudsters tried to obtain private financial details of victims. He explained the first fra...

The public was today warned not be fooled by two e-mails that claim to be sent from a government department and a US health authority. The first e-mail, sent from aefoggo@northrock.bm and which claimed to be from the Department of Financial Assistanc...

New online and e-mail scams have led to substantial cash losses, police warned today. A spokesman said fraudsters who posed as family members or friends had contacted people on social media platforms such as Instagram and promised a same-day return o...

The Government today warned the public about a fake e-mail that asked people to “validate” their Covid-19 status. A spokeswoman said the e-mail – which was being spread on social media – was designed to appear as if it came from the Ministry of Healt...

A former US State Department staffer has admitted being involved in a fraud scheme linked to improvements at the US Consulate in Bermuda. May Salehi, 66, who was involved in evaluating bids overseas government construction projects for the US State D...

A group of companies that operated the BitMEX crypto exchange will pay $100 million to settle allegations that they allowed years of illegal trades and violated anti-money laundering rules, resolving one of the first big cases in an emerging US crack...

The Government has shut down rumours of a Covid-19 lockdown spread through a viral e-mail. A Government spokeswoman branded the rumour “malicious nonsense” and added that there was no truth to the rumour “which seems to be spreading via a fake Govern...

Criminals exploited the cover of Covid-19 to use the “dark web” to commit fraud against local businesses, a top detective with the Bermuda Police Service has revealed. Detective Superintendent Nicholas Pedro said fraud-related numbers during the lock...