A federal grand jury has indicted a 51-year-old church pastor on 26 counts of fraud, after allegedly using his position to deceive victims into investing in a cryptocurrency investment scam. That in itself would seem unusual, but what is even more bizarre is that the the pastor alleged to be behind the scheme claims that … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s embassy in London has warned the UK to “stop creating trouble” as it hit out at MPs’ “twisted mentality” over allegations that a Chinese businessman linked to Prince Andrew is a Communist party spy. … Read more
It looks like Apple is about to make history – as the first company to receive a fine under the EU’s Digital Markets Act (DMA). According to a new report from Bloomberg, the European Commission is planning to slap Apple with a fine of as much as 10 percent of the company’s global annual sales. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is preparing to launch an investigation into Temu, the Chinese online shopping business, amid concerns that the ecommerce platform is failing to crack down on sales of illegal products. The probe could be launched … Read more
U.S. prosecutors have charged Russian national Maxim Rudometov over his alleged involvement in developing and distributing the notorious Redline password-stealing malware. The charges were announced as part of “Operation Magnus,” first unveiled by the Dutch National Police on Monday. This years-in-the-making operation saw international law enforcement agencies dismantle the infrastructure of Redline and Meta, two … Read more
