NCA recovers property from former Lord Mayor of Leeds
The National Crime Agency (NCA) has secured a property on Sandmoor Drive in Leeds linked to money laundering investigations. The house was transferred to the NCA in 2020 as part of a £10 million civil recovery agreement with a businessman suspected of laundering. Mrs. Abigail Katung, a former Labour councillor and Lord Mayor of Leeds City Council, claimed an interest in the property after agreeing to buy it in 2015, paying approximately £400,000 of the £1 million price. However, the High Court ruled in June 2025 that Katung held no legitimate interest or right to the home, which remained with... [Continue Reading]
360LiveNews | 11 Mar 2026 10:39
Swiss Businessman Extradited to the United States Pleads Guilty to International Securities Fraud Scheme
Martin Schlaepfer, a 67-year-old Swiss businessman, admitted guilt to charges related to a multimillion-dollar securities fraud that duped investors with fictitious investment opportunities. Acting as the CEO of the sham Malom Group AG, Schlaepfer and co-conspirators lured victims by promising access to lucrative investments and substantial loans backed by fabricated bank documents. Victims wired approximately $6 million, which was diverted for personal use by the conspirators. Initially indicted in 2013, Schlaepfer evaded arrest for nearly 11 years before being detained in Italy in September 2024. He was extradited to the United States in July 2025 to face prosecution. This case... [Continue Reading]
360LiveNews | 11 Mar 2026 10:30
Three Men Arrested in Sheung Wan for Attempted HK$10 Million Knifepoint Robbery
Hong Kong police have arrested three men in connection with a significant knifepoint robbery in Sheung Wan, where the assailants attempted to steal HK$10 million (approximately US$1.28 million) from two victims who had just exchanged foreign currency. The arrests occurred following a police operation that was initiated after receiving a tip-off about the potential robbery attempt. The incident highlights ongoing security concerns related to currency exchange-related crimes in the bustling financial district. On the morning of the robbery, the two victims had successfully exchanged their foreign currency for Hong Kong dollars at a currency exchange store located on Hillier Street.... [Continue Reading]
