Latest Money laundering News

2 Oregon men plead guilty to conspiracy to distribute pot

Apr. 22, 2019 4:47 PM EDT

PORTLAND, Ore. (AP) — Two men who grew marijuana in Oregon and shipped it to Texas, Virginia and Florida have entered guilty pleas in federal court to marijuana distribution and money laundering conspiracy charges. The U.S. Attorney's Office in Portland says Cole Griffiths of Hood River and Raleigh Lau of...

Peruvian judge orders jail for former president Kuczynski

Apr. 19, 2019 5:15 PM EDT

LIMA, Peru (AP) — A Peruvian judge has ordered that former president Pedro Pablo Kuczynski be jailed for up to three years as authorities investigate his alleged involvement in a corruption case. The order announced Friday against Kuczynski, which is designed to prevent him from trying to flee during the...

US official lauds Cyprus' anti-money laundering efforts

Apr. 19, 2019 7:40 AM EDT

NICOSIA, Cyprus (AP) — A senior U.S. Treasury Department official says Cyprus has done "outstanding" work to curtail money laundering. Treasury Department Assistant Secretary Marshall Billingslea says Cyprus has made "enormous progress and improvements" in its legal framework as well as in law enforcement....

Japanese father, son appear in Las Vegas in $1.5B fraud case

Apr. 18, 2019 8:27 PM EDT

LAS VEGAS (AP) — Two former investment executives from Japan pleaded not guilty in Las Vegas on Thursday to criminal fraud charges in what prosecutors have called a $1.5 billion international Ponzi scheme. Junzo Suzuki, 70, and his son, Paul Suzuki, 40, arrived in custody in the U.S. on Wednesday, and...

Affidavit details fraud case of man linked to Russian agent

Apr. 16, 2019 7:31 AM EDT

A South Dakota man linked to an admitted Russian covert agent is accused of obtaining at least $2.3 million from 78 people for bogus investments dating to at least 1997, according to documents unsealed Monday. Businessman and conservative political operative Paul Erickson, of Sioux Falls, has pleaded not guilty...

Loughlin, Giannulli plead not guilty in college bribery scam

Apr. 15, 2019 4:22 PM EDT

BOSTON (AP) — "Full House" actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, pleaded not guilty Monday to charges that they paid $500,000 in bribes to get their daughters into the University of Southern California. The couple is among 50 prominent parents, athletic coaches and...

Prosecutors ask Peru judge to keep ex-president behind bars

Apr. 15, 2019 11:42 AM EDT

LIMA, Peru (AP) — Prosecutors in Peru are asking a judge to keep former President Pedro Pablo Kuczynski behind bars as he is investigated for suspected money laundering related to Latin America's biggest graft scandal. Deputy prosecutor Hernan Mendoza made the request Monday morning, saying the former Wall...

Test taker pleads guilty in college admissions bribery scam

Apr. 12, 2019 4:57 PM EDT

BOSTON (AP) — A former Florida prep school administrator pleaded guilty Friday to taking college entrance exams for students in exchange for cash to help wealthy parents get their kids into elite universities. Mark Riddell admitted to secretly taking the ACT and SAT in place of students, or correcting...

The Latest: Test taker pleads guilty in college bribery scam

Apr. 12, 2019 3:08 PM EDT

BOSTON (AP) — The Latest on dozens of people charged in the sweeping college admissions scam (all times local): 3 p.m. A former Florida prep school administrator has pleaded guilty to rigging students' entrance exam scores in a nationwide college admissions cheating scheme. Mark Riddell pleaded guilty in...

Oregon man pleads guilty in marijuana trafficking case

Apr. 11, 2019 7:54 PM EDT

SALEM, Ore. (AP) — An Oregon man pleaded guilty Thursday to marijuana and money laundering charges in what federal prosecutors said was a vast conspiracy to traffic marijuana from Oregon to Texas and Virginia. Federal authorities said they seized 11,000 marijuana plants, 546 pounds of processed marijuana,...