Five people who helped launder the proceeds of a £1.2m computer scam have been jailed. The fraud targeted elderly and vulnerable people, tricking them into paying out thousands of pounds each to fix non-existent IT problems. Between May 2015 and November 2019 the gang transferred £1,289,837 to two brothers based in India, who had been […]
Former San Joaquin Valley Congressman TJ Cox has accepted a plea deal in a federal case where he faces wire fraud, money laundering and other criminal charges, court documents filed Wednesday show. Cox is expected to have a change of plea hearing July 29 in the U.S. District Court that covers the Fresno area. A […]
Former San Joaquin Valley Congressman TJ Cox has accepted a plea deal in a federal case where he faces wire fraud, money laundering and other criminal charges, court documents filed Wednesday show. Cox is expected to have a change of plea hearing July 29 in the U.S. District Court that covers the Fresno area. A […]
TD Bank is under investigation after Justice Department agents discovered a money laundering operation through the bank associated with illicit fentanyl. Agents discovered that millions of dollars in illicit funds in New York and New Jersey came through the bank, according to court documents seen by the Wall Street Journal and sources familiar with the […]
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, is facing sentencing in a Seattle courtroom on Tuesday. US prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. Zhao pleaded guilty and stepped down as Binance chief executive in November as the […]
The president of the Football Association of Zambia (Faz) has been arrested and charged with money laundering offences. The country’s Drug Enforcement Commission (DEC) alleges that Andrew Kamanga obtained government funds under false pretences and was part of a conspiracy to defraud. The DEC says the 57-year-old used the money to fund trips for two […]
Feds are charging five Chinese nationals with money laundering after they say the suspects were part of a Chinese money-laundering operation that assisted drug trafficking operations by depositing drug money into Charlotte banks. In March, a grand jury indicted Enhua Fang, Shu Jun Zhen, Jianfei Lu, Maoxuan Xia, and Shao Neng Lin. The federal court […]
The lettering and the logo of “Commerzbank” can be seen on a sign in front of the Commerzbank headquarters. Sebastian Gollnow/dpa Germany’s financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank’s inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully […]
A former high-ranking prison security officer has been indicted on numerous federal charges including selling more than 100 cellphones to dozens of prison inmates. Christine Livingston, 46, a former S.C. Department of Corrections captain, was arraigned Thursday afternoon in federal court on charges that included money laundering, wire fraud and bribery. Evidence in her case […]
The trial of 27 people charged in connection with the worldwide “Panama Papers” money laundering started on Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack Fonseca law firm that was at the heart of the 2016 massive document leak. The Panama Papers include a collection of 11 million […]
Tigran Gambaryan has been detained in Nigeria since February [Getty Images] An executive from cryptocurrency firm Binance has pleaded not guilty to money laundering charges in a Nigerian court. US citizen Tigran Gambaryan was arrested in February, along with his colleague Nadeem Anjarwalla, a British-Kenyan dual national. Their detention came as Nigeria accused Binance of […]
Former Sacramento City Councilman Sean Loloee and three workers from his supermarket chain were named in a new federal indictment unsealed Friday, with Loloee now accused of filing false tax returns and cheating workers out of pay they were owed. The superseding indictment names Loloee and his supermarket general manager, Karla Montoya, who were both […]