Latest Money laundering News

Prosecutors say W.Va. woman pleads guilty to contractor scam

Sep. 21, 2020 6:30 PM EDT

CHARLESTON, W.Va. (AP) — A West Virginia pharmacist pleaded guilty on Monday to swindling millions from investors and pretending to be a government contractor, prosecutors announced. Natalie Cochran admitted in federal court to wire fraud and money laundering. She defrauded about $2.5 million from at least...

FILE - In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York.  Shares of some major banks are tumbling before the market open Monday, Sept . 21, 2020, following a report alleging those including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon continued to profit from illicit dealings with disreputable people and criminal networks despite being previously fined for similar actions.   (AP Photo/Richard Drew, File)

Bank shares slide on report of rampant money laundering

Sep. 21, 2020 5:29 PM EDT

The financial sector was hit hard Monday following a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite previous...

Ex-Speaker aide's money laundering trial scheduled for Oct.

Sep. 20, 2020 12:44 PM EDT

PROVIDENCE, R.I. (AP) — A former campaign aide to Democratic Rhode Island House Speaker Nicholas Mattiello is headed to trial early next month to face a money laundering charge related to a campaign mailer. A Superior Court judge this past week in a hearing involving state prosecutors and an attorney for...

Paraguayan ex-politician, husband plead guilty in conspiracy

Sep. 17, 2020 12:58 PM EDT

TRENTON, N.J. (AP) — A former member of Paraguay’s Congress and her husband have pleaded guilty to conspiracy to commit money laundering, U.S. authorities announced. Cynthia Elizabeth Tarragó Diaz, 41, and her husband Raimundo Va, 45, agreed to accept at least $2 million in U.S. currency from...

Man convicted of scamming elderly through dating sites

Sep. 17, 2020 10:34 AM EDT

GREENBELT, Md. (AP) — A man from Nigeria has been convicted in Maryland of helping to scam elderly victims out of thousands of dollars. WJLA reported Wednesday that Seun Banjo Ojedokun, 37, was convicted of conspiracy to commit money laundering in a federal court in Greenbelt. He faces up to 20 years in...

Illinois man sentenced for IRS scam that netted nearly $900K

Sep. 16, 2020 2:21 PM EDT

WORCESTER, Mass. (AP) — An Illinois man who impersonated an IRS employee and stole nearly $900,000 has been sentenced to three years in federal prison. Ashokkumar Patel was sentenced Tuesday by a U.S. district judge to 40 months behind bars with a year of supervision after release, the Sprigfield...

FILE - Iin this Jan.13, 2020 file photo, former president of the IAAF (International Association of Athletics Federations) Lamine Diack arrives at the Paris courthouse, Monday, Jan. 13, 2020. A Paris court is delivering its verdict Wednesday Sept. 16, 2020, in the trial of Lamine Diack on corruption, money laundering and breach of trust charges against the one-time supremo of global track and field athletics, and according to prosecutors, creamed off millions for himself, with his son.(AP Photo/Thibault Camus, File)

Former IAAF head Lamine Diack sentenced to 2 years in prison

Sep. 16, 2020 12:59 PM EDT

PARIS (AP) — Former track federation president Lamine Diack was sentenced Wednesday to two years in prison for corruption during his nearly 16-year tenure at the IAAF, most notably a scheme that allowed Russian athletes who paid millions in hush money to keep competing when they should have been suspended...

FILE - In this Feb. 13, 2020 file photo, Brazilian former President Luiz Inacio Lula da Silva arrives for a meeting with the Italian Cgil union, in Rome. Prosecutors in Brazil’s sprawling Car Wash corruption investigation on Monday, Sept. 24, charged former the former President with money laundering, less than a year after the country’s top court ordered him freed from jail while he appealed his conviction in another case. (AP Photo/Andrew Medichini, File)

Brazil's da Silva faces new charge of money laundering

Sep. 14, 2020 9:38 PM EDT

RIO DE JANEIRO (AP) — Prosecutors in Brazil's sprawling Car Wash corruption investigation on Monday charged former President Luiz Inácio Lula da Silva with money laundering, less than a year after the country's top court ordered him freed from jail while he appealed his conviction in another case. ...

Prison guard, inmate's mother accused in drug smuggling case

Sep. 12, 2020 12:56 PM EDT

WILMINGTON, Del. (AP) — Two Delaware inmates, a prison guard and an inmate's mother have been indicted on drug dealing, conspiracy and money laundering charges. Newly released court documents show the charges stem from the alleged smuggling of synthetic marijuana into Delaware's largest prison, the James...

Fifth indicted in a scheme to rig state education contracts

Sep. 11, 2020 4:45 PM EDT

JACKSON, Miss. (AP) — A Memphis lawyer has been indicted for conspiring with a former top official in the Mississippi Department of Education to rig contracts and steal public money, authorities said Friday. Errol Harmon, 47, is charged with conspiracy, bribery, and interstate transportation in aid of...