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Weekly Roundup: Securities Fraudster Exposed College Admissions Scandal, Russian Banks Discuss Workarounds to US Sanctions, and More

The federal investigation into an alleged college-admissions scandal that has led to a range of charges—including bribery and money laundering—against dozens of celebrities, athletics coaches and high-profile entrepreneurs began after a pump-and-dump securities fraudster in Boston tipped off FBI agents after being caught, sources told the Boston Globe. More Large Russian lenders such as Sberbank, Gazprombank and others are developing a strategy to maintain their access to correspondent accounts and the global financial system at large in the event that one or more of them are targeted with U.S. sanctions, sources told Reuters. More Swedbank has identified roughly $10 billion...

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