Latest Money laundering News

Zuma's trial postponed until October in South Africa

Sep. 22, 2021 11:43 AM EDT

JOHANNESBURG (AP) — The corruption trial of former South African President Jacob Zuma was postponed until Oct. 26 while the judge considers a plea from Zuma's lawyer that the prosecution team be dismissed from the case for being biased. Zuma wasn't present for the...

White House blacklists Russian ransomware payment 'enabler'

Sep. 21, 2021 18:09 PM EDT

WASHINGTON (AP) — The Biden administration sought Tuesday to choke the finances of criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say helped at least eight ransomware gangs launder virtual currency. The...

California woman accused in $6M student loan debt scam

Sep. 21, 2021 16:50 PM EDT

OAKLAND, Calif. (AP) — A California woman has been arrested on suspicion of masterminding a student loan debt relief scam that bilked thousands of borrowers out of more than $6 million, the state's top prosecutor announced Tuesday. Angela Kathryn Mirabella, 47, ran a...

Ex-South African president absent at corruption trial

Sep. 21, 2021 09:23 AM EDT

JOHANNESBURG (AP) — Former South African president Jacob Zuma did not attend a hearing in his corruption trial Tuesday, prompting prosecutors to question his absence and ask the judge to examine his medical records. Zuma was released from an unrelated 15-month jail...

Grand jury indicts ex-lawmaker in alleged kickback scheme

Sep. 20, 2021 14:47 PM EDT

SANTA FE, N.M. (AP) — A former high-ranking Democratic state legislator and Albuquerque public school administrator has been indicted by a grand jury on charges of racketeering, money laundering, fraud and ethics violations in connection with an alleged kickback scheme, prosecutors said...

Lawmakers question German poll front-runner over searches

Sep. 20, 2021 09:07 AM EDT

BERLIN (AP) — Finance Minister Olaf Scholz, the front-runner in Germany's election, appeared before lawmakers during the final week of campaigning on Monday to face questions over an investigation of an anti-money-laundering unit that resulted in a recent police search at his ministry. ...

West Virginia woman gets nearly 3 years in wire fraud scheme

Sep. 16, 2021 04:12 AM EDT

CHARLESTON, W.Va. (AP) — A West Virginia woman has been sentenced to nearly three years in federal prison for defrauding Charleston-area businesses. Misty Brotherton-Tanner, 41, was sentenced in federal court in Charleston for her April guilty plea to wire fraud and...

LA man admits fraudulently obtaining $9M in COVID-19 loans

Sep. 15, 2021 14:36 PM EDT

LOS ANGELES (AP) — A Los Angeles man has pleaded guilty to fraudulently obtaining $9 million in loans from COVID-relief programs, some of which he transferred to his stock trading accounts and used for gambling trips to Las Vegas, federal prosecutors said. Andrew...

Mexico gives drug lord Vicente Carrillo Fuentes 28 years

Sep. 14, 2021 18:50 PM EDT

MEXICO CITY (AP) — A judge in Mexico has sentenced drug lord Vicente Carrillo Fuentes to 28 years in prison for organized crime, money laundering and weapons violations, prosecutors announced Tuesday. Carillo Fuentes was a former leader of the Juarez drug cartel, based...

Judge declares mistrial at trial of Backpage.com founders

Sep. 14, 2021 17:59 PM EDT

PHOENIX (AP) — A judge declared a mistrial Tuesday at the trial of the founders of the lucrative classified site Backpage.com on charges of facilitating prostitution and laundering money after deciding prosecutors had too many references to child sex trafficking in a case where no one faced...