Credit Suisse fined $2m over money laundering linked to cocaine trafficking

Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking. The court found Credit Suisse didn’t do enough to prevent money laundering by members of the crime ring, which prosecutors said moved tons of cocaine into … Read more

Credit Suisse Found Guilty in Bulgarian Money-Laundering Case

By Ed Frankl Credit Suisse AG was found guilty on Monday by a Swiss court for failing to stop money laundering in a historic case involving a Bulgarian drug-trafficking gang. The decision is the latest reputational blow for the bank, which issued a profit warning earlier in June as it undergoes a tough turnaround plan … Read more

57 per cent of Ontarians can not afford a house in their own city: survey

The dream of home ownership for many Ontarians may never become a reality, according to a new survey. New research published Wednesday by Canada’s largest independent real estate brokerage, Right at Home Realty, shows that more than 57 percent of residents do not believe they will ever be able to afford a home in their … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

‘So scary’: Mississauga driver recounts moment when shovel hit car on Highway 403

It started as a routine drive for Komal Syed. “I went on the 403 from Winston Churchill”, the Mississauga resident told CTV News Toronto. “I just had two … exits to take.” It was just before 11 am on Monday and Syed was headed to an appointment. She says she noticed a white sedan pull … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

Police Reports: June 20, 2022 | Local News

Incidents reported to Danville and Vermilion County police include: Friday, June 17: 1:00 am, property damage accident, 11000 block of Indianola Ridge Farm Road. 10:06 am, property damage accident in Bismarck, 23000 block of North 1800 East Road. 11:08 am, property damage accident, Wilkin Avenue and Gilbert Street. 11:14 am, criminal damage, 2700 block of … Read more

Ontario real estate prices will take biggest hit in these areas

Ontario’s housing market has been red hot for years now, but that could soon change, and some areas will be hit harder than others. A new report by Canadian financial services cooperative Desjardins said the Canadian housing market has reached “an inflection point.” Since the Bank of Canada began to raise interest rates in order … Read more

Retailers’ renewed confidence in brick-and-mortar fueling surge in commercial leases

Tara Deschamps, The Canadian Press Published Wednesday, June 8, 2022 3:17 PM EDT Last Updated Wednesday, June 8, 2022 3:17 PM EDT TORONTO – When the COVID-19 pandemic struck and many abandoned in-person shopping and dining out, brick-and-mortar retail became one of the most undesirable assets in Canada. But now, as many Canadians no longer … Read more