Latest Money laundering News
Puerto Rico suspends operations of bank amid global probe
SAN JUAN, Puerto Rico (AP) — Authorities announced Thursday they have suspended the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion. The bank was founded...
Prosecutors: 'Tiger King' star trafficked endangered animals
COLUMBIA, S.C. (AP) — “Tiger King” star Bhagavan “Doc” Antle has been charged with buying or selling endangered lemurs, cheetahs, and a chimpanzee without the proper paperwork, federal prosecutors in South Carolina said Thursday. The latest charges are on top of money...
Alex Murdaugh charged in money laundering and drug scheme
COLUMBIA, S.C. (AP) — Once prominent and soon-to-be disbarred South Carolina lawyer Alex Murdaugh has been indicted again, this time prosecutors saying his crimes extended to an eight-year money laundering and painkiller ring with a friend and former client charged with trying to help him commit...
Ex-lawyer who stole over $3.4M from clients pleads guilty
PORTLAND, Ore. (AP) — A former Oregon personal injury lawyer who stole more than $3.4 million from her clients has pleaded guilty to seven federal charges in what the state bar has called the worst fraud by a lawyer in the state’s history. Lori E. Deveny, who relinquished her...
Credit Suisse fined for facilitating cocaine cash laundering
ZURICH (AP) — A Swiss court on Monday said it has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago. The court also ordered the confiscation of the equivalent of more than $12 million...
2 Mississippi businessmen indicted in pandemic fraud case
JACKSON, Miss. (AP) — Two Mississippi businessmen, including one who served on the governor's economic recovery advisory commission, have been indicted on charges connected to the fraudulent receipt of more than $2 million in pandemic relief money, prosecutors said Friday. A...
Judge acquits key figures in Panama Papers scandal
PANAMA CITY (AP) — A Panamanian judge acquitted 39 people in a money laundering case Thursday, including lawyers Jurgen Mossack and Ramón Fonseca, who were key figures in the Panama Papers case. Judge Baloísa Marquínez Morán ruled that the prosecution did not prove that the law...
Minneapolis-area house-flipper pleads guilty to fraud
MINNEAPOLIS (AP) — A woman who ran a house-flipping business in the Minneapolis area has pleaded guilty to defrauding real estate investors out of more than $3 million. Suzanne Griffiths, 46, is charged with one count of wire fraud and one count of money laundering. Authorities say...
California man gets 5 years for money laundering
MADISON, Wis. (AP) — A federal judge in Madison has sentenced a California man to five years in prison for his role in a money laundering scheme. U.S. District Judge William Conley sentenced Sinval De Oliveira of Torrance on Wednesday. According to prosecutors, De...
Dubai arrests 2 Gupta brothers over South African fraud case
DUBAI, United Arab Emirates (AP) — Dubai police said Tuesday they arrested two brothers from the Gupta family, wanted over allegedly looting state money with former South African President Jacob Zuma. The arrest of Atul and Rajesh Gupta, who had lived for years in the sheikhdom,...
