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Brooklyn Daycare Owner Sentenced in $64 Million Medicaid Fraud Scheme
A Brooklyn social adult daycare owner has been sentenced to 76 months in federal prison for her role in a Medicaid fraud and illegal kickback scheme involving approximately $64 million in fraudulent claims. Zakia Khan, 55, was sentenced in federal court in Brooklyn after previously pleading guilty in August 2025 to conspiracy to commit health care fraud and conspiracy to defraud the United States and pay health care kickbacks. She was also ordered to pay more than $56 million
33 minutes ago


South African Regulator Imposes R35.6 Million in AML Penalties on Three Financial Institutions
South Africa’s Prudential Authority has imposed financial penalties totalling R35.6 million on Capitec Bank, Albaraka Bank and Ninety One Assurance for breaches of requirements under the Financial Intelligence Centre Act. The sanctions were announced on 11 September 2026 and followed supervisory inspections conducted between 2021 and 2023. Capitec received a total financial penalty of R28 million following an inspection conducted in 2023. Of this amount, R5.5 million was cond
36 minutes ago


German Authorities Raid Suspected Illegal Online Gambling Operation Linked to €5.8 Billion in Stakes
German authorities have conducted coordinated searches against a suspected illegal online gambling operation that allegedly processed more than €5.8 billion in wagers between mid-2021 and the end of 2023. The operation took place on 11 September 2026 in Frankfurt and the wider Rhine-Main region, with 11 properties searched by more than 100 officers. The investigation was conducted by the Frankfurt Public Prosecutor’s Office together with the Frankfurt tax investigation author
1 day ago
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Alpha Bank Spends €14.87 Million on Latest Share Buyback
Alpha Bank has purchased 3,152,886 of its own shares for a total consideration of approximately €14.87 million as part of its ongoing share buyback programme. The purchases were carried out on Euronext Athens between 7 and 9 September 2026, with the bank paying an average price of €4.7160 per share. The buyback programme was approved by Alpha Bank shareholders at the bank’s Annual General Meeting on 26 June 2026 and was subsequently put into effect on 31 July. The largest ind


Europe’s Illegal Online Gambling Market Estimated to Reach €13 Billion in 2026
Europe’s illegal online gambling market has grown at an estimated compound annual rate of 18% since 2019 and could reach approximately €13 billion in value by the end of 2026, according to research commissioned by the European Gaming and Amusement Federation and produced by Regulus Partners and Helios. The study examined black-market online gambling activity across 28 European jurisdictions, including the United Kingdom, Germany, the Netherlands, France, Belgium, Spain, Portu


New Zealand Sets 29 September Auction for Online Casino Licences
New Zealand will begin the auction stage of its new online casino licensing process on 29 September 2026, with up to 15 licences available under the country’s newly established regulatory framework. The Department of Internal Affairs (DIA) will conduct the licensing process under the Online Casino Gambling Act 2026, which established New Zealand’s first domestic licensing regime for online casino gambling. The Act came into force on 1 May 2026, with supporting regulations tak


Brooklyn Daycare Owner Sentenced in $64 Million Medicaid Fraud Scheme
A Brooklyn social adult daycare owner has been sentenced to 76 months in federal prison for her role in a Medicaid fraud and illegal kickback scheme involving approximately $64 million in fraudulent claims. Zakia Khan, 55, was sentenced in federal court in Brooklyn after previously pleading guilty in August 2025 to conspiracy to commit health care fraud and conspiracy to defraud the United States and pay health care kickbacks. She was also ordered to pay more than $56 million
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