Tag

Smuggling

All articles tagged with #smuggling

industries20 days ago•33 min saved

Indictment ties Nvidia chips to a $2.5B China smuggling scheme via Super Micro

A federal indictment accuses three men tied to Super Micro of helping smuggle Nvidia GPUs into China in a roughly $2.5 billion scheme, using shell companies and counterfeit packaging to hide shipments of restricted chips and servers. The case, which pressured Super Micro’s stock and underscores ongoing export-control enforcement, challenges Jensen Huang’s claim of no evidence of diversion and highlights gaps in how the industry polices the movement of advanced chips to China.

via MarketWatch|

#export-controls #industries #nvidia

business22 days ago•4 min saved

Supermicro-linked trio charged in bid to smuggle Nvidia AI chips to China

Three men tied to Supermicro were indicted for conspiring to smuggle Nvidia B200 and H200 AI chips inside servers to China without licenses, using a Southeast Asia-based company to repackage shipments worth billions; Wally Liaw and Willy Sun were arrested, Steven Chang is a fugitive. They face charges including conspiracy to violate the Export Controls Reform Act, smuggling, and defrauding the United States, with potential decades in prison, underscoring ongoing enforcement of U.S. export controls on advanced AI hardware.

via NBC News|

#ai-chips #business #export-controls

world2 months ago•323 min saved

Brother of Israel’s security chief linked to Gaza smuggling ring arrest

Bezalel Zini, brother of Shin Bet chief David Zini, was arrested with 14 others in a police bust accusing a smuggling network of moving illegal goods—primarily cigarettes—into Gaza for profit. The indictment alleges 14 crates of cigarettes worth about 365,000 shekels (~$117,000), along with mobile phones and car parts, trafficked via West Bank and Gaza routes sometimes under humanitarian pretexts. Prosecutors say the ring aided Hamas and threatened Israeli security; Zini’s attorney denies the charges and notes no evidence links him to his brother. The investigation was led by police and Shin Bet, separately from the brother’s agency.

via cnn.com|

#bezalel-zini #gaza-strip #israel

world2 months ago•2 min saved

Shin Bet chief’s brother faces wartime aiding charge over Gaza cigarette smuggling

Israeli prosecutors charged Bezalel Zini, brother of Shin Bet head David Zini, with aiding the enemy in wartime for allegedly smuggling 14 cartons (about 7,000 packs) of cigarettes into Gaza in exchange for 365,000 shekels; the case is tied to a broader indictment accusing a crime ring of smuggling goods including iPhones and car parts to Hamas, with two accomplices also charged and Zini denying the allegations. His brother is not implicated.

via BBC|

#gaza #indictment #israel

world2 months ago•2 min saved

Germany arrests five in €30 million sanctions-busting smuggling ring to Russia

German authorities arrested five men suspected of running a network that smuggled goods worth at least €30 million to Russian defence companies, bypassing EU sanctions through front companies and about 16,000 deliveries; an asset freeze of €30 million was issued as raids took place across several cities, with five suspects still at large.

via Euronews.com|

#defence-industry #eu-sanctions #germany

markets2 months ago•2 min saved

Silver spike fuels frenzy, smuggling and cost pain for industry

A historic surge in silver prices, driven by speculation, dollar skepticism and solar-demand, sparked a global buying frenzy, market distortions and smuggling into China, while squeezing manufacturers with higher costs and raising the risk of sharp reversals for investors.

via Seeking Alpha|

#markets #silver #slv

world3 months ago•0 min saved

Central Banks Boost Gold Reserves Amid Rising Geopolitical Tensions

Central banks are engaging in gold trading to combat smuggling activities, reflecting efforts to tighten financial controls and curb illegal trade. The article discusses the strategic move by authorities to use gold transactions as a tool against illicit activities.

via Financial Times|

#central-banks #economic-policy #financial-regulation

world3 months ago•3 min saved

Airport Uncovers Foul-Smelling Shipment Linked to Rhino Horn Smuggling

Authorities at Changi Airport in Singapore seized a record 35.7 kg of smuggled white rhino horns hidden in furniture fittings, highlighting ongoing efforts to combat illegal wildlife trade and protect endangered species like rhinos.

via Yahoo|

#conservation #rhino-horns #singapore

world3 months ago•2 min saved

Mainland China Seeks Taiwan Smugglers in Undersea Cable Damage Case

China has accused two Taiwanese men of leading a smuggling operation involving a vessel that damaged undersea cables in February, amid ongoing tensions and accusations of hybrid warfare between China and Taiwan. Taiwan denies Chinese involvement, calling the incident a maritime accident, and criticizes China's public accusations and reward offers for information. The incident highlights the vulnerability of undersea cables, crucial for global communications, to sabotage and accidental damage.

via Al Jazeera|

#china #hybrid-warfare #smuggling

world3 months ago•2 min saved

Chinese Investigation Links Taiwanese Smugglers to Subsea Cable Damage

Chinese authorities investigated a smuggling operation led by two Taiwanese men involving a vessel that damaged subsea cables, with political tensions escalating as China offers a bounty for suspects and Taiwan denies Chinese jurisdiction, accusing Beijing of political manipulation.

via Reuters|

#china #diplomatic-tension #smuggling

world3 months ago•6 min saved

Ukrainian Men Risk Lives to Escape War on Motorcycles and Borders

Amid Ukraine's ongoing conflict and manpower shortages, many Ukrainian men are risking their lives crossing the mountains illegally into neighboring countries like Romania to avoid military conscription, with some paying smugglers and others risking death in treacherous conditions, highlighting the human toll and desperation caused by the war.

via CNN|

#draft-evasion #mountain-crossing #smuggling

world3 months ago•6 min saved

Belarusian Balloons Fuel Hybrid Tensions in Lithuania

Giant balloons carrying contraband from Belarus into Lithuania are being used in what Lithuania suspects is a hybrid attack to destabilize and exert political pressure, leading to border security measures, airport closures, and increased military patrols, amid broader tensions involving Russia and Western sanctions.

via BBC|

#balloons #belarus #hybrid-warfare

world4 months ago•2 min saved

Iran Seizes Multiple Vessels for Fuel Smuggling in Persian Gulf

Iran's Islamic Revolutionary Guard Corps seized an Eswatini-flagged tanker carrying 350,000 liters of allegedly smuggled fuel in the Strait of Hormuz, prompting Eswatini to deny any involvement, amid ongoing tensions over Iran's nuclear program and maritime security issues.

via Middle East Eye|

#eswatini #iran #smuggling

world5 months ago•2 min saved

Exotic Primates Seized at Mumbai Airport in Airport Luggage

Indian customs seized two endangered Silvery Gibbons, one dead and one alive, hidden in a checked bag at Mumbai airport, along with nearly 8 kg of illegal weed, highlighting ongoing wildlife smuggling issues.

via CBS News|

#endangered-primates #mumbai-airport #silvery-gibbon

world5 months ago•1 min saved

Lithuania plans to close Belarus border over balloon smuggling incidents

Lithuania has warned it will shoot down balloons used for cigarette smuggling from Belarus, closing border crossings and airports affected by these incursions, as part of its response to hybrid attacks and airspace violations, with plans to consult NATO.

via BBC|

#balloons #belarus #border