diamonds
Coverage of diamonds in the Nexus archive.
- Trump crackdown uncovers $6.5B in fraud — and your taxes were wasted on diamonds, Ferraris and a boat named ‘Butt Nekkid’
A Trump crackdown uncovered $6.5 billion in fraud, with taxpayer funds reportedly used for luxury items like diamonds, Ferraris, and a boat named 'Butt Nekkid'. Federal authorities stated a student athlete died as a result of one of the schemes.
- Four men who stole almost £9m in VAT fraud and blew cash on gold bullion, diamonds and luxury cars jailed
Four men stole nearly £9 million through VAT fraud and spent the illicit funds on gold bullion, diamonds, and luxury cars before being jailed. The case highlights a significant financial crime involving luxury purchases and organized theft.
- Botswana prepares to take an even bigger gamble on diamonds
Botswana plans to increase its ownership stake in De Beers, the diamond company that played a key role in helping the country escape poverty. The move represents a significant economic gamble focused on strengthening national control over diamond resources.