The Department of Justice (DOJ) recently announced that Geoffrey K. Auyeung, a resident of Newcastle, Wash., has been indicted in connection with a cryptocurrency money laundering scheme, facing "conspiracy to launder money, and nine counts of launder money by concealment or expenditure." Auyeung, who was arrested on Aug. 12, defrauded investors by posing as an escrow agent for oil and gas investments, then transferred client funds to accounts under his control, the DOJ said. "Once...
Gold Ten Futures, July 2, according to foreign media, the number of ships queuing at Australia's key coal port Newcastle reached 31 on July 2, a 23-month high, as climate protests and storms disrupted operations. According to Port Waratah Coal Services (PWCS), the average ship turnaround time at the two PWCS terminals in Newcastle increased to 7.61 days in June from 5.05 days in May. Shipments at PWCS terminals increased to 7.90 million tonnes in June from 7.40 million tonnes in May, but were do...