Latest Money laundering News

Grand jury indicts ex-lawmaker in alleged kickback scheme

Sep. 20, 2021 14:47 PM EDT

SANTA FE, N.M. (AP) — A former high-ranking Democratic state legislator and Albuquerque public school administrator has been indicted by a grand jury on charges of racketeering, money laundering, fraud and ethics violations in connection with an alleged kickback scheme, prosecutors said...

Lawmakers question German poll front-runner over searches

Sep. 20, 2021 09:07 AM EDT

BERLIN (AP) — Finance Minister Olaf Scholz, the front-runner in Germany's election, appeared before lawmakers during the final week of campaigning on Monday to face questions over an investigation of an anti-money-laundering unit that resulted in a recent police search at his ministry. ...

West Virginia woman gets nearly 3 years in wire fraud scheme

Sep. 16, 2021 04:12 AM EDT

CHARLESTON, W.Va. (AP) — A West Virginia woman has been sentenced to nearly three years in federal prison for defrauding Charleston-area businesses. Misty Brotherton-Tanner, 41, was sentenced in federal court in Charleston for her April guilty plea to wire fraud and...

LA man admits fraudulently obtaining $9M in COVID-19 loans

Sep. 15, 2021 14:36 PM EDT

LOS ANGELES (AP) — A Los Angeles man has pleaded guilty to fraudulently obtaining $9 million in loans from COVID-relief programs, some of which he transferred to his stock trading accounts and used for gambling trips to Las Vegas, federal prosecutors said. Andrew...

Mexico gives drug lord Vicente Carrillo Fuentes 28 years

Sep. 14, 2021 18:50 PM EDT

MEXICO CITY (AP) — A judge in Mexico has sentenced drug lord Vicente Carrillo Fuentes to 28 years in prison for organized crime, money laundering and weapons violations, prosecutors announced Tuesday. Carillo Fuentes was a former leader of the Juarez drug cartel, based...

Judge declares mistrial at trial of Backpage.com founders

Sep. 14, 2021 17:59 PM EDT

PHOENIX (AP) — A judge declared a mistrial Tuesday at the trial of the founders of the lucrative classified site Backpage.com on charges of facilitating prostitution and laundering money after deciding prosecutors had too many references to child sex trafficking in a case where no one faced...

Leader of Mexican drug trafficking ring gets 8 years prison

Sep. 13, 2021 21:50 PM EDT

PORTLAND, Ore. (AP) — The leader of a Mexican-based heroin trafficking ring that distributed the drug to cells operating in and around Portland and in southwestern Washington was sentenced Monday to just over eight years in federal prison. Paul Alberto Guillen, 27, is...

Former Kansas legislator charged with COVID relief fraud

Sep. 09, 2021 18:15 PM EDT

WICHITA, Kan. (AP) — A federal grand jury on Thursday indicted former Kansas state Rep. Michael Capps on 19 counts alleging that he tried to defraud federal, state and county government organizations out of more than $450,000 in coronavirus relief funding. The U.S....

Searches conducted at 2 German ministries in customs probe

Sep. 09, 2021 13:42 PM EDT

BERLIN (AP) — Investigators carried out searches at the German finance and justice ministries on Thursday in a probe of suspected obstruction of justice by employees of a unit of the country's customs service that fights money laundering. The searches come just over two...

Defense lawyers say 1st Amendment protected ads on Backpage

Sep. 08, 2021 19:26 PM EDT

PHOENIX (AP) — Lawyers defending the founders of the classified site Backpage.com against allegations they knowingly ran ads for prostitution told jurors Wednesday that the adult service ads published by their clients were controversial but ultimately protected by the First Amendment. ...