Crowdestor VIP client – a political businessman with a dubious reputation
The crowd financing platform Crowdestor has raised around 50 million euros since mid-2019, almost a fifth of which leads in one way or another…
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Crowdestor – is it Envestio 2.0? Ponzi scheme in Latvian style
During 2020, several crowdfunding platforms had already failed in Estonia, but the loudest scandal in Latvia was about Envestio, as its roots could be…
FCMC recalls its press release of 29th April 2019 titled “FCMC suspends Compliance Control Department Director”
FCMC revokes from the day of its issuance the order of the previous FCMC’s Chairman P. Putniņš of 29th April 2019 on suspension of…
ABLV FOUNDATION RECEIVES DONATIONS FROM OFFSHORE ENTITIES INVOLVED IN UKRAINIAN AND MOLDOVAN SCANDALS 1
Early in the year, the American financial crime watchdog FinCEN published a report alleging ABLV Bank, the third largest bank in Latvia, was guilty…
LATVIA – WE HAVE MONEY LAUNDERING BUT NO LAUNDERERS. A STORY OF CORRUPTION
For years, international institutions and our allies in the U.S. have spoken about money laundering on an industrial scale in Latvia. Latvian government officials…
HAS THE STATE POLICE INITIATED A CRIMINAL INVESTIGATION AGAINST THE U.S. GOVERNMENT?
We are witnessing a Magnitsky case in miniature here in Latvia. Sergey Magnitsky was a tax lawyer who detected a scheme for looting vast…
HOW IS THE STATE BEING LOOTED IN LATVIA?
While certain media and some political forces try, by leaking the materials of seven year old operational cases, to maintain the illusion that corruption…
ILMĀRS RIMŠĒVIČS DECLARED SUSPECT IN ANOTHER CRIMINAL INVESTIGATION
According to information available to Puaro.lv, the Corruption Prevention and Combating Bureau (KNAB) has presented Bank of Latvia president Ilmārs Rimšēvičs with a decision…
ABLV BANK SPREADS LIES THAT DECEASED BUNKUS COULD NOT HAVE BECOME ITS LIQUIDATOR
According to the TV3 show “Nekā personīga”, ABLV Bank representatives have claimed that murder victim Mārtiņš Bunkus could not have been a liquidator of…
WHO MURDERED MĀRTIŅŠ BUNKUS? VERSIONS
Clearly, today we cannot know the answer to this question – all we can do is consider possible versions. There are many feasible scenarios,…
ALL OF BUNKUS’ EFFORT BEFORE HIS DEATH WAS DEVOTED TO THE ABLV LIQUIDATION SCENARIO – WHICH THE BANK’S SHAREHOLDERS DID NOT WANT
Interests described in the “Nekā personīga” broadcast indicate that Mārtiņš Bunkus’ actions preceding death had been an active nuisance to the interests of ABLV…
HEAD OF STATE DISCUSSING NEW GOVERNMENT WITH U.S.-CONFIRMED BRIBER AND MONEY LAUNDERER
In February this year, the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) came out with an unusually harsh report on ABLV bank…
ECB ACCUSES LATVIA OF IGNORING RIMŠĒVIČS’ CONSTITUTIONAL INDEPENDENCE
The European Central Bank (ECB) has accused Latvia of disregarding the constitutional independence of Ilmārs Rimšēvičs, full member of the ECB council and Bank…