Latest Money laundering News

German police raid yacht linked to Russian oligarch

Sep. 27, 2022 07:22 AM EDT

BERLIN (AP) — More than 60 police officers raided a luxury yacht in northern Germany linked to a Russian businessman in connection with alleged breaches of sanctions and money laundering rules, officials said Tuesday. The statement by Frankfurt prosecutors identified the suspect...

California man sentenced to 4 years for COVID-19 loan fraud

Sep. 26, 2022 16:13 PM EDT

LOS ANGELES (AP) — A Southern California man was sentenced Monday to four years in federal prison for fraudulently obtaining more than $5 million in COVID-relief loans for three shell companies, prosecutors said. Raghavender Reddy Budamala, who was arrested in February while...

Germany raids 24 properties linked to Putin ally Usmanov

Sep. 21, 2022 06:18 AM EDT

BERLIN (AP) — About 250 police officers have raided two dozen properties across Germany linked to Russian oligarch Alisher Usmanov, a close ally of President Vladimir Putin, in connection with alleged breaches of sanctions and money laundering rules, officials said Wednesday. ...

Spain arrests 32 allegedly linked to Italy's 'ndrangheta mob

Sep. 20, 2022 10:52 AM EDT

MADRID (AP) — Spain has arrested 32 members of an organized crime group linked to the Italian ’ndrangheta mafia for alleged ties to large-scale drug trafficking and money laundering, Europol said Tuesday. The criminal gang, whose members are described as very violent, is...

Judge indicts 19 in yoga sect that used sex to lure powerful

Sep. 08, 2022 19:23 PM EDT

BUENOS AIRES (AP) — A judge in Argentina indicted 19 people on Thursday for their alleged involvement in a yoga school in Buenos Aires that operated like a sect and coerced female members to have sex with rich and powerful men in order to obtain money and other benefits. Judge...

Woman pleads guilty in ex-con's plot against college women

Sep. 07, 2022 12:43 PM EDT

NEW YORK (AP) — A New York woman on Wednesday admitted to laundering money made from an ex-convict’s plot to extort and force into labor or prostitution some women he met at his daughter’s on-campus housing at Sarah Lawrence College. Isabella Pollok, 31 — herself a graduate...

Challenges mount against Peru's president, his family

Sep. 04, 2022 11:37 AM EDT

CARACAS, Venezuela (AP) — President Pedro Castillo’s surprise election brought hopes for change in Peru’s unstable and corrupt political system, but the impoverished rural teacher and political neophyte has found himself so engulfed in impeachment votes and corruption allegations that his...

Woman sentenced in WVa for scamming money from elderly

Aug. 31, 2022 04:01 AM EDT

CLARKSBURG, W.Va. (AP) — A Nevada woman has been sentenced in West Virginia to more than seven years in prison for scamming money from elderly residents. Shelly Leipham of Las Vegas also was ordered to pay $336,000 Monday in federal court for her conviction in April on charges of...

Peru judge: preventative prison for president's relative

Aug. 28, 2022 23:37 PM EDT

LIMA, Peru (AP) — A Peruvian judge on Sunday ordered President Pedro Castillo's sister-in-law to be held in prison up to 2.5 years while she is investigated for criminal association and corruption for her participation in an alleged money laundering scheme involving the president and first lady. ...

Maryland man charged with money laundering in romance scam

Aug. 27, 2022 10:34 AM EDT

GREENBELT, Md. (AP) — A Maryland man is facing federal money laundering charges related to an international romance scam. Federal prosecutors announced that a criminal complaint has been filed against Charles K. Egunjobi, of Waldorf, Maryland, with operating an unlicensed money...