Shakira’s long tax-fraud nightmare has ended with the government of Spain on the hook to refund nearly $70 million to the Colombian-born singer after prosecutors failed to prove she spent enough time in that country to owe it a chunk of her earnings.
Since 2018, the singer has been accused of defrauding the Spanish government in three cases, for the tax years 2011, 2012-2014 and 2018. Over the years, deals were offered, rejected and accepted; charges were dropped, other charges were filed; and an eight-year prison sentence was threatened.
Shakira maintained her innocence, saying in 2022 that “Spanish tax authorities saw that I was dating a Spanish citizen and started to salivate,” referring to her relationship with Barcelona-born footballer Gerard Piqué, the father of their sons Milan and Sasha. Piqué and the singer, who met in 2010 when she did “Waka Waka,” the official song of that…
THE HASHFLARE “CLOUD MINING” PONZI SCHEME (GLOBAL/ESTONIA)
Date: February 13, 2025 (Guilty Pleas) Perpetrators: Sergei Potapenko and Ivan Turogin
Case Description: This $577 million cryptocurrency fraud remains one of the largest digital asset scams in history, with major legal developments concluding in 2025. Potapenko and Turogin operated “Hashflare,” which they marketed as a massive cryptocurrency mining operation. Hundreds of thousands of victims worldwide purchased “mining contracts,” believing they were renting hash power to mine Bitcoin. In reality, the duo was running a sophisticated Ponzi scheme.
They created fake customer dashboards that showed “real-time” mining profits, but the money being paid out was simply the capital of newer investors. They laundered the proceeds through shell companies to purchase luxury real estate and a fleet of high-end vehicles. After a massive international investigation involving the FBI and Estonian authorities, the pair agreed to forfeit over $400 million in assets. This case underscores the “Cyber-enabled Fraud” warning issued by the FATF in early 2026: as technology evolves, the scale of fraud moves from local millions to global billions in the blink of an eye.
Link to Original: ACFE – High Profile Fraud of 2025