Legal & Regulatory
Thames Water's Debt Crisis To Be Passed On To Customers With 40% Bill Hike
Thames Water, a major UK water company, grapples with £15 billion ($19.5 billion) debt. As expected £500 million ($650 million) funding falls through, and bill hikes up to 40% will be implemented instead.
Russia Suspiciously Received $20 Billion Crypto Transfers; US And UK Now Investigating
The US and UK are investigating cryptocurrency transactions exceeding $20 billion routed through a Russian-based virtual exchange, part of their strategy to combat sanctions evasion linked to Vladimir Putin's actions in Ukraine.
Hunter Biden Asks Court to Junk $1.4 Million Tax Evasion Case as Politically Motivated, But Judge Appears Skeptical
A federal judge seemed unconvinced on Hunter Biden's lawyers' arguments that his tax evasion case should be dismissed because it is politically motivated.
FTX Founder Sam Bankman-Fried Could Get Over 100 Years in Prison After Cryptocurrency Fraud Case
Sam Bankman-Fried, former CEO of FTX cryptocurrency exchange, faces potentially over 100 years in jail for fraud. Prosecutors advocate for a 40 to 50-year term, while his defense seeks a minimal 6-year sentence.