By Jeff Dale2023-09-19T20:42:00
The Securities and Exchange Commission (SEC) announced charges against a New York firm and its owner for operating as an unregistered investment adviser to a lone client: a sanctioned Russian oligarch.
Michael Matlin, owner and principal of Concord Management, founded the firm in 1999 to provide investment advice for compensation and to supervise and manage the client’s investments in U.S.-based private funds, the SEC said in a press release Tuesday.
From at least 2012 through March 2022, Concord and Matlin sourced, arranged, and monitored hundreds of investments in private equity and hedge funds on behalf of the client, according to the SEC’s complaint, filed in U.S. District Court for the Southern District of New York.
2023-08-31T15:09:00Z By Kyle Brasseur
U.K.-based foreign exchange service Wise Payments was cited for breaching the country’s sanctions levied against Russia as part of the Office of Financial Sanctions Implementation’s first use of its disclosure enforcement powers acquired last year.
2023-08-15T20:59:00Z By Jeff Dale
Freedom Holding Corp. was accused of “brazen sanctions evasion,” along with openly flouting anti-money laundering and know your customer regulations, as part of an investigative report published by short seller Hindenburg Research.
2023-04-27T20:12:00Z By Adrianne Appel
New York attorney Robert Wise faces up to five years in prison after pleading guilty to making payments to maintain U.S. properties secretly owned by sanctioned Russian oligarch Viktor Vekselberg.
2025-10-16T20:38:00Z By Neil Hodge
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
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