Latest Money laundering News

Top Brazil court acquits head of Workers' Party of graft

Jun. 20, 2018 4:46 PM EDT

SAO PAULO (AP) — Justices on Brazil's highest court acquitted the Workers' Party president of corruption and money-laundering charges in a case stemming from the country's mammoth graft investigation. Supreme Court justices ruled late Tuesday that prosecutors provided no evidence corroborating the...

Iran's top leader opposes joining anti-money-laundering body

Jun. 20, 2018 7:11 AM EDT

TEHRAN, Iran (AP) — Iran's Supreme Leader Ayatollah Ali Khamenei has publically opposed joining a global anti-money laundering convention. Referring to recent debates in country's parliament on joining the Financial Action Task Force, Khamenei told lawmakers Wednesday: "It is not necessary to join...

Greece refuses to extradite slain reporter's source to Malta

Jun. 14, 2018 9:47 AM EDT

ATHENS, Greece (AP) — Greece's Supreme Court has rejected a second bid by Malta for the extradition of a Russian whistleblower who helped a murdered Maltese journalist investigate money-laundering in high places. Thursday's ruling upheld an earlier decision in April by a lower court, which had judged the...

Brothers who ran $100M health fraud scam sentenced to prison

Jun. 13, 2018 2:40 PM EDT

NEWARK, N.J. (AP) — Two brothers who admitting bribing doctors in a $100 million health care scheme were sentenced to prison Wednesday, closing a case that featured accounts of cash bribes, prostitutes and $300,000 luxury cars. David Nicoll, 44, considered the orchestrator of the seven-year scheme,...

The Latest: 2nd brother gets 43 months in medical lab scam

Jun. 13, 2018 1:45 PM EDT

NEWARK, N.J. (AP) — The Latest on the sentencing of two brothers who ran a $100 million health fraud scheme between 2006 and 2013 (all times local): 1:40 p.m. The second of two brothers involved in a bribes-for-referrals health fraud scam that brought in more than $100 million has been sentenced to 43...

Frenchman in US beard contest pleads guilty in drug case

Jun. 12, 2018 2:49 PM EDT

MIAMI (AP) — A Frenchman arrested when he arrived in the United States for a world beard-growing championship pleaded guilty in Miami federal court Tuesday to participating in worldwide online illicit drug sales using the alias "OxyMonster." Gal Vallerius, 36, pleaded guilty to drug distribution conspiracy...

Report describes Dubai real estate as money-laundering haven

Jun. 12, 2018 10:13 AM EDT

DUBAI, United Arab Emirates (AP) — War profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai's real-estate market as a haven for their assets, a new report released Tuesday alleges. The report by the Washington-based Center for Advanced Defense Studies,...

Extradited from Mexico, cartel leader gets nearly 50 years

Jun. 11, 2018 3:53 PM EDT

ATLANTA (AP) — A Texas-born man who prosecutors say rose to the top ranks of a Mexican drug cartel using ruthless violence to defeat rivals and secure control of drug trafficking routes was sentenced Monday by a federal judge in Atlanta to serve nearly five decades in prison. Edgar Valdez Villarreal, known...

The Latest: Tough prison term for Mexican drug cartel leader

Jun. 11, 2018 1:04 PM EDT

ATLANTA (AP) — The Latest on the sentencing of Edgar Valdez Villarreal, otherwise known as "La Barbie" (all times local): 1 p.m. A former Texas high school football player who authorities say rose to the top ranks of a Mexican drug cartel has been sentenced to serve nearly 50 years in federal prison on...

Marred by graft, Spanish conservatives look for a new leader

Jun. 11, 2018 8:01 AM EDT

MADRID (AP) — A Spanish court has convicted businesspeople and former conservative politicians in the eastern region of Valencia of graft and money laundering, further tarnishing the image of the party recently ousted from power over a previous corruption ruling. The National Court found 18 of 20...