Latest Money laundering News

Kentucky man sent to prison for illegal gambling operation

Jul. 11, 2020 2:12 PM EDT

BOWLING GREEN, Ky. (AP) — A Kentucky man has been sentenced to one year and three months in prison for operating an illegal gambling operation on the internet. The Daily News reports Douglas Booth was sentenced Wednesday in Bowling Green federal court after reaching a plea agreement on charges including...

FILE - This March 12, 2019, file photo shows the University Village area of the University of Southern California, in Los Angeles. A California couple has agreed to plead guilty to paying $250,000 to get their daughter into the University of Southern California as a fake volleyball recruit. (AP Photo/Reed Saxon, File)

California couple agrees to guilty pleas in college scam

Jul. 10, 2020 8:43 PM EDT

BOSTON (AP) — A California couple agreed Friday to plead guilty to paying $250,000 to get their daughter into the University of Southern California as a fake volleyball recruit. Diane Blake and Todd Blake will plead guilty in front of a judge at a future date, the U.S. Attorney’s office in Boston...

Hezbollah supporters scuffle with Lebanese army soldiers while protesting the visit by Gen. Frank McKenzie, the head of U.S. Central Command, outside ​​the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 8, 2020. (AP Photo/Bilal Hussein)

Lebanese man who financed Hezbollah in US returns home

Jul. 8, 2020 2:11 PM EDT

BEIRUT (AP) — A Lebanese businessman serving a five-year sentence in the United States for providing millions of dollars to the militant Hezbollah group arrived Wednesday in Beirut after his early release, local media reported. Kassim Tajideen was sentenced last year in a federal court in Washington for...

Massachusetts man pleads guilty to role in romance scam

Jul. 8, 2020 11:34 AM EDT

BOSTON (AP) — A Massachusetts man who authorities say played a role in scamming two women in their 70s out of a total of more than $75,000 has pleaded guilty to money laundering and visa fraud charges, federal prosecutors say. Fortune Aikorogie, 33, of Lynn, used a counterfeit Zimbabwean passport and U.S....

The sons of former Panamanian President Ricardo Martinelli, Ricardo Martinelli Linares, right, and his brother Luis Enrique stand inside a holding cell at the judicial court building in Guatemala City, Tuesday, July 7, 2020. The brothers were detained Monday on an international warrant from Interpol on charges of conspiracy to commit money laundering. (AP Photo/Moises Castillo)

Sons of ex-Panama president held in Guatemala on US charges

Jul. 7, 2020 7:38 PM EDT

GUATEMALA CITY (AP) — Two sons of former Panamanian President Ricardo Martinelli will be held in jail in Guatemala pending hearings Friday, officials said Tuesday as the U.S. government seeks their extradition for their alleged role in a bribery and money laundering scheme. Luis Enrique, 38, and Ricardo...

Ex-Air Force employee charged with stealing $774K

Jul. 7, 2020 12:38 PM EDT

GREENBELT, Md. (AP) — A Maryland man who worked as an Air Force travel coordinator has been indicted on charges that he stole more than $774,000 in government funds. Monday’s federal indictment in Maryland charges Eddie Ray Johnson Jr., 59, of Brandywine, with theft of government property and money...

The sons of former Panamanian President Ricardo Martinelli, Ricardo Martnelli Linares, center left, and his brother Luis Enrique Martinelli Linares, center right, are accompanied by their lawyers before a hearing at the judicial court building in Guatemala City, Monday, July 6, 2020. Guatemalan police detained the Martinelli brothers on an Interpol warrant for money laundering, as they attempted to board a private plane out of the country. (AP Photo/Moises Castillo)

2 sons of ex-Panama leader Martinelli arrested in Guatemala

Jul. 6, 2020 7:54 PM EDT

GUATEMALA CITY (AP) — Two sons of former Panamanian President Ricardo Martinelli were arrested Monday in Guatemala as they tried to board a private plane out of the country. Luis Enrique and Ricardo Alberto Martinelli were supposedly headed to Panama with stops scheduled in El Salvador and Nicaragua, said...

FILE - In this Nov. 26, 2019 file photo, Paul Erickson leaves the federal courthouse, in Sioux Falls, S.D. Erickson, a former conservative operative who was once linked to a Russian agent has been sentenced to seven years in federal prison on Monday, July 6, 2020, in South Dakota. (Abigail Dollins/The Argus Leader via AP File)

South Dakota man linked to Russian spy sentenced for fraud

Jul. 6, 2020 5:00 PM EDT

SIOUX FALLS, S.D. (AP) — A former conservative operative who was once romantically linked to a Russian agent was sentenced Monday to seven years in federal prison in South Dakota. Paul Erickson pleaded guilty to wire fraud and money laundering as part of fraudulent investment schemes he operated for many...

Horse mounted police officers patrol Via della Conciliazione, the street leading to St. Peter's Basilica at the Vatican, on the occasion of the Feast of Rome's Patrons Saints Peter and Paul, in Rome Monday, June 29, 2020. (Mauro Scrobogna/LaPresse via AP)

Vatican watchdog sees record cooperation levels despite raid

Jul. 3, 2020 9:13 AM EDT

The Vatican’s financial watchdog agency has reported record levels of internal cooperation despite being thrown into turmoil in October when Vatican police raided its offices as part of an investigation into a 350 million-euro (nearly $400 million) London real estate deal. The Financial Information...

U.S. Attorney John R. Lausch Jr., announces, Friday, June 26, 2020, that an investigation of an illegal drug trafficking operation on Chicago's West Side has led to federal charges against 24 purported gang members as well as the seizure of more than 30 guns and more than $1.3 million in cash in Chicago. (AP Photo/Charles Rex Arbogast)

24 charged in Chicago drug sales, money laundering operation

Jun. 26, 2020 1:10 PM EDT

CHICAGO (AP) — An investigation of an illegal drug trafficking operation on Chicago's West Side has led to federal charges against 24 purported gang members as well as the seizure of more than 30 guns and more than $1.3 million in cash, authorities said Friday. The U.S. Department of Justice said...