Category
Crime Scene
Investigation · Justice · Power
Operation Car Wash, Ten Years On: The $10bn Brazil Scandal No One Finished Prosecuting
Lava Jato dismantled Petrobras, jailed a president and reshaped Latin American politics — then collapsed under a Supreme Court ruling. A timeline reconstruction using court records, bank filings and wiretap transcripts.
The Wirecard Phantom Balance: How €1.9bn Vanished From an Audited Bank Account
EY signed off on accounts referencing escrow balances in the Philippines that never existed. Using BaFin investigation files and Wirecard's own internal documents, we reconstruct the exact mechanism of the fraud.
The Celsius Network Collapse: Alex Mashinsky Sentenced to 12 Years for $7bn Fraud
Blockchain forensics firm Nansen confirmed the wallet movements. DOJ charging documents fill in the intent. The former crypto CEO was sentenced on May 8, 2025 in Manhattan federal court.
Do Kwon Extradited: The Terraform Labs Founder Faces Justice in New York
After 22 months of legal proceedings in Montenegro, Do Kwon was extradited to the United States in March 2025. The SDNY indictment charges him with eight federal counts including securities fraud, wire fraud, and commodities fraud over the $40bn Terra-Luna collapse.
The Binance DOJ Monitorship: One Year of Court-Ordered Compliance
Changpeng Zhao was released in September 2024 after a four-month sentence. The five-year DOJ corporate monitorship of Binance — imposed as part of the historic $4.3bn plea agreement — is now in its second year. We review the monitor's quarterly reports and the structural reforms underway.