Latest Money laundering News

U. of Miami professor pleads guilty in Venezuela graft case

Jun. 1, 2020 7:01 PM EDT

MIAMI (AP) — A University of Miami professor blamed a controversial law enforcement informant for his career-ending decision to try and hide $3 million in proceeds from a corruption scheme run by a businessman connected to Venezuela’s socialist government. Bruce Bagley revealed the identify of the...

2 indicted for bilking $13M from North Carolina Medicaid

Jun. 1, 2020 12:14 PM EDT

RALEIGH, N.C. (AP) — Federal authorities in North Carolina say a man and woman from Las Vegas have been arrested and accused of using obituary postings siphon $13 million in fraudulent charges from the North Carolina Medicaid Program. Latisha Harron, 44, also known as Latisha Holt, and Timothy Harron, 50,...

Kentucky school worker pleads guilty in $1.6M fraud scheme

May. 28, 2020 2:47 PM EDT

FRANKFORT, Ky. (AP) — A former Kentucky school finance director accused of stealing more than $1.6 million from a district over nearly a decade has pleaded guilty to federal charges, according to the U.S. Justice Department. Lesley Wade pleaded guilty to concealing money laundering and filing a fraudulent...

Man gets more than 9 years in drug trafficking case

May. 26, 2020 4:52 PM EDT

BURLINGTON, Vt. (AP) — A 37-year-old Connecticut man is going to prison for more than nine years for his role in a drug trafficking and money laundering operation in Vermont, Maine and Connecticut, federal prosecutors said Tuesday. Korey Stewart, who used a number of aliases, was sentenced last week in...

FILE - In this April 3, 2019, file photo, actress Lori Loughlin, front, and her husband, clothing designer Mossimo Giannulli, left, depart federal court in Boston after a hearing in a nationwide college admissions bribery scandal. On Thursday, May 21, 2020, the U.S. Attorney's Office in Boston said Loughlin and Giannulli have agreed to plead guilty to charges of trying to secure the fraudulent admission of their two children to the University of Southern California as purported athletic recruits. (AP Photo/Steven Senne, File)

Loughlin, Giannulli to serve prison time for college scam

May. 21, 2020 4:31 PM EDT

“Full House” actress Lori Loughlin has agreed to serve two months behind bars and her fashion designer husband, Mossimo Giannulli, has agreed to serve five months as part of a deal to plead guilty to cheating the college admissions process, according to court papers filed Thursday. Loughlin, 55, and...

Couple arrested in cross-border kidnapping that left 2 dead

May. 18, 2020 8:23 PM EDT

SAN DIEGO (AP) — A Southern California woman and her boyfriend have been arrested on suspicion of collecting ransom in a kidnapping that killed two of three U.S. citizens held in Mexico, federal prosecutors said Monday. Leslie Briana Matla, 20, and Juan Carlos Montoya Sanchez, 25, are charged with one...

An anti-government protester shouts slogans, while wearing a mask to help curb the spread of the coronavirus, during ongoing protests in front of the Ministry of Economy, in downtown Beirut, in Beirut, Lebanon, Monday, May 18, 2020. (AP Photo/Hassan Ammar)

Lebanese Central Bank official charged in currency probe

May. 18, 2020 1:57 PM EDT

BEIRUT (AP) — A Lebanese prosecutor on Monday charged a senior central bank official with manipulation of the exchange rate and money laundering as part of an ongoing probe amid the country's financial turmoil. The move reflects a growing clash between the central bank and the government at a critical...

FILE - In this July 3, 2018, file photo, Riza Aziz, right, stepson of Malaysian former Prime Minister Najib Razak, arrives at Anti-Corruption Agency in Putrajaya, Malaysia. Malaysian prosecutors have dropped money laundering charges against

Former top prosecutor says Riza deal 'terrible for Malaysia'

May. 18, 2020 12:46 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's former attorney-general said Monday that when prosecutors dropped money-laundering charges against “The Wolf of Wall Street” producer and stepson of ex-Prime Minister Najib Razak they gave him a “sweetheart deal" that is “terrible for...

FILE - In this July 5, 2019, file photo, Riza Aziz, stepson of Malaysian former Prime Minister Najib Razak, walks into a court room at Kuala Lumpur High Court in Kuala Lumpur, Malaysia. Malaysian prosecutors have dropped money laundering charges against

Malaysia drops charge against 'Wolf of Wall Street' producer

May. 15, 2020 9:01 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysian prosecutors have dropped money laundering charges against “The Wolf of Wall Street” film producer and stepson of ex-Prime Minister Najib Razak in a move slammed by Human Rights Watch on Friday as a “triumph for impunity and corruption." Former...

Atlanta lawyer imprisoned in wife's 1992 murder dies at 67

May. 14, 2020 12:20 PM EDT

ATLANTA (AP) — A former Atlanta attorney convicted of arranging the slaying of his wife in 1992 has died in prison, according to his lawyer. Fred Tokars, 67, died of natural causes over the weekend while incarcerated in Pennsylvania, his attorney, Jerry Froelich, confirmed to news outlets this week. Fred...