Latest Money laundering News

Portland trio indicted in international money laundering

Oct. 18, 2019 5:45 PM EDT

PORTLAND, Ore. (AP) — Three Portland residents have been indicted in an international money laundering scheme involving Mexico and China, but they are believed to be out of the country. KOIN-TV reports Shefeng Su, Xinhua Li Yan and Xiancong Su were living in Portland at the time the indictment covers,...

State speaker's campaign aide charged with money laundering

Oct. 18, 2019 4:57 PM EDT

PROVIDENCE, R.I. (AP) — A campaign aide to the state House speaker has been indicted on a charge of money laundering, Rhode Island's attorney general announced Friday. Jeff Britt is charged with a felony count of money laundering and misdemeanor charge of making a prohibited campaign contribution,...

The Latest: Lawyer says Speaker's campaign aide was set up

Oct. 18, 2019 4:27 PM EDT

PROVIDENCE, R.I. (AP) — The Latest on a campaign aide to the state House speaker being indicted on a charge of money laundering (all times local): 4:15 p.m. A lawyer for a campaign aide to the state House speaker says his client was used as a "fall guy" and is anxious to clear his name at a public trial....

34 sentenced as part of 'Gangster's Paradise' investigation

Oct. 18, 2019 5:02 AM EDT

MEMPHIS, Tenn. (AP) — Federal prosecutors say 34 people in Tennessee have been sentenced to prison terms for laundering money as part of a drug trafficking ring. U.S. attorney's office prosecutors in Memphis said in a news release Thursday that the group of defendants sold drugs and laundered money for a...

Sentencing delayed for charity lead who embezzled over $550K

Oct. 17, 2019 6:47 AM EDT

BATON ROUGE, La. (AP) — Sentencing has been delayed for a Louisiana hospital foundation's former fundraising chief, who was convicted this summer of stealing more than $550,000 in donations. News outlets report 49-year-old John Paul Funes' Thursday sentencing has been pushed to Oct. 24 because of a...

Baltimore attorney pleads not guilty in narcotics case

Oct. 16, 2019 6:12 PM EDT

GREENBELT, Md. (AP) — A prominent Baltimore defense attorney has pleaded not guilty to charges stemming from an alleged narcotics conspiracy. Court records show Kenneth Ravenell was arraigned Wednesday on one count each of racketeering conspiracy, conspiracy to commit money laundering and narcotics...

Delay in ex-South African leader's case as appeal planned

Oct. 15, 2019 5:09 AM EDT

PIETERMARITZBURG, South Africa (AP) — Court proceedings for former South African president Jacob Zuma were pushed back to Feb. 4 on Tuesday as his legal team said it would appeal a ruling dismissing its attempt to halt prosecution on graft charges for good. Zuma faces charges of corruption, money...

Honduran cartel figure testifies he bribed presidents

Oct. 11, 2019 7:09 PM EDT

NEW YORK (AP) — The former boss of Honduras' Los Cachiros cartel testified Friday that he paid hundreds of thousands of dollars in bribes to the current and former presidents of Honduras in exchange for protection from extradition to the United States and other favors. Devis Leonel Rivera Maradiaga said in...

Chicago man faces charges linked to sports gambling

Oct. 11, 2019 4:08 PM EDT

CHICAGO (AP) — A 35-year-old Chicago man has been indicted on federal charges that accuse him of illegal gambling and of hiding sports-betting income in a bankruptcy proceeding. A Friday U.S. attorney's office statement says Michael Frontier used an online sportsbook based in Costa Rica, then paid or...

Ex-real estate agent pleads not guilty in Arizona fraud case

Oct. 11, 2019 12:18 AM EDT

PHOENIX (AP) — A former Coolidge real estate agent accused of wire fraud and money laundering has pleaded not guilty. Sarah Nicole Kelley was arraigned Wednesday in U.S. District Court in Phoenix. Her trial is scheduled to start Dec. 3. Kelley was indicted last month on 24 counts of wire fraud and eight...