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Bambino Fraud, China Wrench, and Hold the Mayo
Illicit Edge - Edition for August 26, 2025
Hello! It’s August 26, and we’re tracking today’s top stories: Man with same name as Babe Ruth charged in fraud case, how China influences elections in America’s biggest city, Sinaloa leader ‘El Mayo’ pleads guilty in U.S. trafficking case, record cocaine haul had enough to fatally overdose the entire population of Florida, and much more...
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🎯 FEATURED STORY
Man with same name as Babe Ruth charged in fraud case. George Herman Ruth is charged with mail fraud, identity theft, fraudulent use of Social Security numbers, money laundering, making false statements to his probation officer, and possessing firearms after having previously been convicted of felonies. AP
🔥 TOP STORIES
How China Influences Elections in America’s Biggest City. NYT
Chinese Companies Buying Up Land Across New Hampshire Under Scrutiny. Newsweek
Sinaloa leader ‘El Mayo’ Pleads Guilty in U.S. Trafficking Case. CBS
Record cocaine haul had enough to fatally overdose the entire population of Florida. CBS
Trump fires Federal Reserve Gov. Lisa Cook over mortgage fraud allegations. NYP
Dutch online bank Bunq fined for failures in money laundering controls. Reuters
U.S. Tariffs Squeeze India’s Diamond hub, Freezing Exports and Jobs. WaPo
Trump says China has to give U.S. magnets or face 200% tariff. Reuters
Norway Wealth Fund Divests From Caterpillar Over Gaza 'Rights Violations’. AFP
Argentina investigates kickback scheme entangling President Milei's inner circle. AP
IN THE NEWS
💥 SANCTIONS
Iran faces reimposition of sanctions unless it negotiates on nuclear program. CNN
Trump weighs sanctions on officials implementing EU tech law. Reuters
Oil rises as Ukraine strikes and new Russia-sanctions talk tighten supply. Reuters
Banco do Brasil urges legal action over social media posts on U.S. sanctions. Reuters
Publication of Final Rule to Remove the Syria Sanctions Regulations. U.S. Treasury
🔐 RUSSIA & CHINA
China’s Nvidia Ban Is a Win for the U.S. WSJ
How U.S. nuclear sanctions on China backfired. SCMP
In Africa, Russia is swapping a ruthless paramilitary for a replica it can control. CNN
Former Agricultural Bank of China vice president given life sentence for graft. Xinhua
China tightens rare earth rules, extending controls to imported minerals. SCMP
💸 CORRUPTION & FINANCIAL CRIME
How a Florida Congresswoman Siphoned Millions From Taxpayers To Fund Her Campaign. Free Beacon
How the Richest People in America Avoid Paying Taxes. Atlantic
HSBC’s Swiss unit culls wealthy Middle East clients amid regulator scrutiny. FT
Ex-Directors of Abramovich-Linked Firm Indicted in €25M Cyprus Tax Case. OCCRP
Billions in ‘nonprofit’ peculation now largely fund America’s left. NYP
Money laundering Allegations Surface Around Smartmatic. Guardian
🔐 CRYPTO & CYBER
Bug bounty cuts are setting crypto up for billion-dollar hacks. Cointelegraph
Farmers Insurance says 1M customers affected by cyberattack on third-party vendor. Record
U.S. Banks Warn Stablecoin “Loophole” Could Trigger $6.6T Deposit Flight. BeInCrypto
South Korea arrests Chinese hacker accused of targeting BTS singer. Record
Russia Weighs Banning Google Meet Amid Wider App Crackdown. Record
🚚 TRAFFICKING
Boxer Julio César Chávez Jr. Released Pending Trial Over Alleged Cartel Ties. AP
Cartel-linked Ring Moved Fentanyl and Meth by Semi-truck up the West Coast. DOJ
Bill would treat fentanyl trafficking as attempted murder. NYP
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