A British national pleaded guilty on Tuesday in Brooklyn federal court for his role in a fraud scheme that took nearly $100 million from victims who funded loans to fake wine collectors, Reuters said. 

The U.S. Supreme Court has declined to hear an appeal from Halkbank, leaving the lender to face criminal charges over allegations that it helped Iran evade sanctions and launder billions of dollars through the American financial system.

The U.S. Justice Department will shut down its flagship anti-cartel task force as part of the most far-reaching DOJ shakeup in two decades, according to internal documents reviewed by Reuters.

U.S. federal prosecutions for drug crimes have fallen to their lowest level in decades this year after the Trump administration redirected agents to immigration enforcement, according to a Reuters analysis.

The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.