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CEO Scandal, Sanctions Card, and China Fail
Illicit Edge - Edition for May 21, 2025
Greetings! It’s May 21, and we’re tracking today’s top stories: How two CEOs mixed romance and business, EU sanctions power test, Nvidia says US export controls on AI chips to China were 'a failure', ransomware attack triggers ‘system-wide’ tech outage at large network of medical centers, and much more…
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Don’t miss the latest FinCrime Unfiltered with Sarah Beth Felix!
The AML Black Hole in U.S. Lending
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🎯 FEATURED STORY
How Two CEOs Mixed Romance and Business, Leading to Scandal. Kohl’s CEO Ashley Buchanan and Chandra Holt lived together in Texas but kept their relationship quiet as their interests became intertwined at retail chains. WSJ
🔥 TOP STORIES
Does The EU Still Have The Sanctions Cards Needed To Hurt Russia? RFE
UK and Europe target Russia with major sanctions after Putin-Trump call Guardian
Nvidia says US export controls on AI chips to China were 'a failure' Reuters
Ransomware attack triggers ‘system-wide’ tech outage at large network of medical centers CNN
Justice Department opens investigation into former New York Gov. Andrew Cuomo CNN
Tornado Cash developer prosecution proceeds Axios
India’s Former UCO Bank Chief Arrested in Major Fraud Case OCCRP
Justin Sun to attend Trump's dinner with memecoin backers Cointelegraph
Paramount Could Violate Anti-Bribery Law if it Pays to Settle Trump’s ‘60 Minutes’ Lawsuit Variety
UK sanctions 'godmother' of Israel's settler movement Daniella Weiss BBC
EU to lift economic sanctions on Syria Politico
IN THE NEWS
🚩 RUSSIA & CHINA
Harvard University's alleged ties to Chinese paramilitary group, Iran-backed research spark GOP probe Fox
A Sanctions Message to Putin—and China WSJ
How critical minerals became Beijing’s ultimate trump card in US-China trade war SCMP
China Fills the U.S. Void in the Americas WSJ
EU reviews TikTok’s ‘SkinnyTok’ content for risks to minors Politico
🔐 CRYPTO & CYBER
KrebsOnSecurity Hit With Near-Record 6.3 Tbps DDoS Krebs
Milei Closes Down LIBRA Investigative Unit After It Shares Findings With Prosecutors CoinDesk
Hackers using aliases from TV show claim UK retailers are on their 'Blacklist' after cyber-attacks Daily Mail
Massachusetts Hacker to Plead Guilty to PowerSchool Data Breach Reuters
SolarWinds security chief on the risks and rewards of being a CISO Record
💸 CORRUPTION & FINANCIAL CRIME
Medicaid’s Funding Formula Rewards Overspending and Fuels Fraud Cato
El Salvador Arrests and Disappears Prominent Human Rights Attorney Rolling Stone
Top exec at ASPCA inhumanely fired after sounding alarm about ‘dangerous’ fraud at animal rights group NYP
France rejects Telegram CEO's accusations of Romanian election interference Record
A Top Law Firm Said Trump Was Infringing on the ‘Rights of All Americans.’ It Runs a Scholarship That Excludes White Students. Free Beacon
🚚 TRAFFICKING
Fishermen are baffled as dead Tiger is spotted floating in the sea Daily Mail
Personal secretary and adviser to Mexico City’s mayor killed in brazen daylight attack Guardian
‘Stop abusing animals’: Cat nabbed smuggling drugs into Costa Rica prison, video goes viral Indian Express
“Heat not a furnace for your foe so hot that it do singe yourself.”
—Shakespeare
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