Latest Money laundering News

2 Utah polygamous group members plead guilty in tax scheme

Jul. 19, 2019 7:07 PM EDT

SALT LAKE CITY (AP) — Two executives of a Salt Lake City biodiesel company linked to a polygamous group have pleaded guilty to charges filed in what prosecutors have called a $511 million tax credit scheme, according to documents made public Friday. Washakie Renewable Energy once described itself as the...

The Latest: US still mulling retaliation for French tech tax

Jul. 18, 2019 6:53 AM EDT

CHANTILLY, France (AP) — The Latest on the G-7 finance ministers' meeting (all times local): 12:50 p.m. U.S. Treasury Secretary Steven Mnuchin says the White House will press ahead with its investigation of France's digital tax, which is aimed at companies like Google and Amazon, as a possible unfair trade...

Ex-US Rep. Fattah loses bid to cut 10-year prison term

Jul. 12, 2019 5:00 PM EDT

PHILADELPHIA (AP) — A longtime Pennsylvania congressman lost his bid to have his 10-year prison term reduced after four bribery and money laundering counts were thrown out on appeal. Philadelphia Democrat Chaka Fattah Sr. is two-and-a-half years into a prison term handed down for misusing more than...

Man sentenced for trafficking synthetic opiates

Jul. 12, 2019 10:41 AM EDT

PORTLAND, Ore. (AP) — A suburban Portland man who distributed counterfeit oxycodone pills laced with fentanyl has been sentenced to nearly five years in federal prison. The Oregonian/OregonLive reports 37-year-old Johnell Cleveland was sentenced Thursday. He pleaded guilty to conspiracy to possess with...

Attorney for ex-presidents in Mexico ordered to stand trial

Jul. 10, 2019 3:29 PM EDT

MEXICO CITY (AP) — A judge in Mexico on Wednesday ordered a prominent attorney linked to former presidents to stand trial on charges of organized crime and money laundering. A federal official who was not authorized to be quoted by name confirmed the case involves allegations that lawyer Juan Ramon Collado...

Mexican prosecutors arrest prominent lawyer in capital

Jul. 9, 2019 9:40 PM EDT

MEXICO CITY (AP) — Mexican federal prosecutors say they have arrested a prominent lawyer on suspicion of involvement in organized crime and money laundering. A statement from the Attorney General's Office says attorney Juan Ramón Collado was detained Tuesday in an affluent neighborhood of Mexico City...

El Salvador court absolves 2 ex-presidents in graft case

Jul. 5, 2019 7:07 PM EDT

SAN SALVADOR, El Salvador (AP) — A court in El Salvador has absolved two former presidents and three other defendants of criminal responsibility in the alleged diversion of $10 million donated by Taiwan to help victims of 2001 earthquakes. Tony Saca and Francisco Flores had been accused of money laundering...

Olympic greats Bubka, Popov deny Rio 2016 vote-buying claims

Jul. 5, 2019 11:47 AM EDT

LAUSANNE, Switzerland (AP) — Olympic gold medalists Sergey Bubka and Alexander Popov have denied claims made in a Brazilian court they were paid to vote for Rio de Janeiro's winning bid to host the 2016 Summer Games. The International Olympic Committee said Friday its ethics commission has contacted both...

French comedian known for anti-Semitic jokes guilty of fraud

Jul. 5, 2019 10:46 AM EDT

PARIS (AP) — A French court has convicted controversial comedian Dieudonne on fraud and money laundering charges and sentenced him to two years in prison. Dieudonne M'bala M'bala, who has previously been found guilty of anti-Semitism, was not present for Friday's verdict and sentencing to three years in...

'Wolf of Wall Street' producer charged in Malaysian scandal

Jul. 5, 2019 1:54 AM EDT

KUALA LUMPUR, Malaysia (AP) — "The Wolf of Wall Street" producer and stepson of Malaysia's former prime minister pleaded not guilty on Friday to laundering $248 million from a state investment fund, becoming the third person in his family charged in the 1MDB scandal that helped end Najib Razak's government...