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Elie Schwartz, CEO of Nightingale Properties, has been charged with a single count of wire fraud in a federal court in Atlanta. The charge stems from allegations that Schwartz embezzled over $50 million from CrowdStreet investors. Reports indicate that Schwartz, who is now represented by a public defender, allegedly misappropriated funds, including a $30,000 wire transfer. His previous legal team claimed he failed to pay them. Schwartz was arraigned shortly after Thanksgiving, highlighting significant financial misconduct in real estate crowdfunding.
The former director of a gold trading business has denied any knowledge of a £200 million ($255 million) money laundering scheme as he testified at a criminal trial on Thursday that the business needed informal arrangements to get access to ready cash. https://t.co/qGx2lsphJ7
An employment tribunal has ruled that Goldman Sachs discriminated against a former compliance manager, finding that the investment bank decided to make him redundant while he was on paternity leave. https://t.co/Zu2158JZVx
Trafigura director quizzed on 'Mr. Non-Compliant' in Swiss corruption case https://t.co/s36xUqf34O https://t.co/GMyJvc25Pp
