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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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