Japanese baseball star Shohei&nbsp;Ohtani's former interpreter has been charged with bank fraud for stealing millions of dollars from the Los Angeles Dodgers player to cover gambling debts, U.S. officials announced at a news conference on Thursday (April 11).

Ippei Mizuhara is accused of stealing more than $16 million from an account of&nbsp;Ohtani's that Mizuhara had helped set up, and sending the funds to an illegal sports gambling operation, according to U.S. Attorney E. Martin Estrada.

Ohtani, who signed a record $700 million, 10-year contract to join the Dodgers this season, told reporters at a March 25 press conference that he was a victim of theft by Mizuhara and that he never bet on baseball or knowingly paid a bookmaker.

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Federal investigators have not found any evidence suggesting Mizuhara placed bets on baseball games, according to Estrada. Estrada said the Justice Department considers&nbsp;Ohtani&nbsp;a victim of Mizuhara's alleged fraud and has not accused him of any wrongdoing.

Mizuhara is expected to make his first court appearance in U.S. District Court in downtown Los Angeles in the near future. Bank fraud carries a statutory maximum sentence of 30 years in federal prison.

Japanese baseball star Shohei Ohtani's former interpreter has been charged with bank fraud for stealing millions of dollars from the Los Angeles Dodgers player to cover gambling debts, U.

Japanese baseball star Shohei Ohtani's former interpreter has been charged with bank fraud for stealing millions of dollars from the Los Angeles Dodgers player to cover gambling debts, U.S. officials announced at a news conference on Thursday (April 11). Ippei Mizuhara is accused of stealing more than $16 million from an account of Ohtani's that Mizuhara had helped set up, and sending the funds to an illegal sports gambling operation, according to U.S. Attorney E. Martin Estrada. Ohtani, who signed a record $700 million, 10-year contract to join the Dodgers this season, told reporters at a March 25 press conference that he was a victim of theft by Mizuhara and that he never bet on baseball or knowingly paid a bookmaker. Also read: OJ Simpson passes away: Reliving NFL legend's sensational run in 1973 Federal investigators have not found any evidence suggesting Mizuhara placed bets on baseball games, according to Estrada. Estrada said the Justice Department considers Ohtani a victim of Mizuhara's alleged fraud and has not accused him of any wrongdoing. Mizuhara is expected to make his first court appearance in U.S. District Court in downtown Los Angeles in the near future. Bank fraud carries a statutory maximum sentence of 30 years in federal prison.

Japanese baseball star Shohei Ohtani's former interpreter charged with federal bank fraud

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. 
 
The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto-related financial and payment services, and the State Council, China`s cabinet, vowed to clamp down on bitcoin mining and trading. 
 
The public security ministry said that by Wednesday afternoon police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money. 
 
The money launderers charged their criminal clients a commission of 1.5% to 5% to convert illegal proceeds into virtual currencies via crypto exchanges, the ministry said via its official Wechat account. 
 
China`s Payment &amp; Clearing Association said on Wednesday that the number of crimes involving the use of virtual currencies is on the rise. 
 
Because cryptocurrencies are anonymous, convenient and global in nature, "they have increasingly become an important channel for cross-border money laundering," the association said in a statement. 
 
Cryptocurrencies have already become a popular means of payment in illegal gambling activities. Nearly 13% of gambling sites support the use of virtual currencies, and blockchain technology has made it more difficult for authorities to track the money, according to the association.

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said.

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto-related financial and payment services, and the State Council, China`s cabinet, vowed to clamp down on bitcoin mining and trading. The public security ministry said that by Wednesday afternoon police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money. The money launderers charged their criminal clients a commission of 1.5% to 5% to convert illegal proceeds into virtual currencies via crypto exchanges, the ministry said via its official Wechat account. China`s Payment & Clearing Association said on Wednesday that the number of crimes involving the use of virtual currencies is on the rise. Because cryptocurrencies are anonymous, convenient and global in nature, "they have increasingly become an important channel for cross-border money laundering," the association said in a statement. Cryptocurrencies have already become a popular means of payment in illegal gambling activities. Nearly 13% of gambling sites support the use of virtual currencies, and blockchain technology has made it more difficult for authorities to track the money, according to the association.

China arrests over 1,100 suspects in crackdown on crypto-related money laundering

In a major operation, Central Bureau of Investigation (CBI) is carrying out searches at 169 places across the country as part investigation into bank fraud cases.

The searches are being carried out in Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, MP, Maharashtra, Punjab, Tamil Nadu, Telengana, UP, Uttarakhand, Dadra and Nagar Haveli.

CBI has registered around 35 Cases related to Bank frauds involving more than Rs 7000 crore.

Further details are awaited.&nbsp; 
&nbsp;

In a major operation, Central Bureau of Investigation (CBI) is carrying out searches at 169 places across the country as part investigation into bank fraud cases.

In a major operation, Central Bureau of Investigation (CBI) is carrying out searches at 169 places across the country as part investigation into bank fraud cases. The searches are being carried out in Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, MP, Maharashtra, Punjab, Tamil Nadu, Telengana, UP, Uttarakhand, Dadra and Nagar Haveli. CBI has registered around 35 Cases related to Bank frauds involving more than Rs 7000 crore. Further details are awaited.

CBI registers bank fraud cases worth over Rs 7000 crore

Fugitive liquor baron, Vijay Mallya, on Thursday morning said that he had made an offer to settle before the honourable High Court Court of Karnataka which, he claimed, is an ''<a href="http://www.wionews.com/india-news/mallya-prepares-for-lengthy-appeal-against-uk-governments-extradition-order-195448">achievable offer</a>''. 
&nbsp; 
''I have made the offer to settle before the Hon’Ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA ?'''he said in a series of early morning tweets on Thursday.&nbsp;

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I have made the offer to settle before the Hon’Ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA ?
— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/1095843887111946243?ref_src=twsrc%5Etfw">February 14, 2019</a></blockquote>
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Mallya also lamented the media reports on the Enforcement Directorate (ED) claims that he hid his wealth.&nbsp;&nbsp;

''Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of Court ? Shameful misleading of public opinion but unsurprising,'' he said.

He asked Prime Minister Narendra Modi why he was&nbsp;not instructing his banks to take the money he had put on the table.

''Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher,'' he said in another tweet.

Referring to Modi's speech in the Parliament yesterday, he said that PM had referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative ''I can only infer that reference is to me,'' he said.

''The Prime Ministers last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative I can only infer that reference is to me,'' he said in another tweet.

Fugitive liquor baron, Vijay Mallya, on Thursday morning said that he had made an offer to settle before the honourable High Court Court of Karnataka which, he claimed, is an ''achievable offer''.

Fugitive liquor baron, Vijay Mallya, on Thursday morning said that he had made an offer to settle before the honourable High Court Court of Karnataka which, he claimed, is an ''achievable offer''. ''I have made the offer to settle before the Hon’Ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA ?'''he said in a series of early morning tweets on Thursday. I have made the offer to settle before the Hon’Ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA ? — Vijay Mallya (@TheVijayMallya) February 14, 2019 × Mallya also lamented the media reports on the Enforcement Directorate (ED) claims that he hid his wealth. ''Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of Court ? Shameful misleading of public opinion but unsurprising,'' he said. He asked Prime Minister Narendra Modi why he was not instructing his banks to take the money he had put on the table. ''Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher,'' he said in another tweet. Referring to Modi's speech in the Parliament yesterday, he said that PM had referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative ''I can only infer that reference is to me,'' he said. ''The Prime Ministers last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative I can only infer that reference is to me,'' he said in another tweet.

Made an offer to settle before honourable Karnataka High Court: Vijay Mallya  

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Japanese baseball star Shohei Ohtani's former interpreter charged with federal bank fraud

China arrests over 1,100 suspects in crackdown on crypto-related money laundering

CBI registers bank fraud cases worth over Rs 7000 crore

Made an offer to settle before honourable Karnataka High Court: Vijay Mallya