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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

🎙️ New Podcast Drop!

FinCrime Unfiltered with Sarah Beth Felix
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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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