Latest Money laundering News

Exterior view of the Peace Palace housing the World Court in The Hague, Netherlands, Monday, Feb. 17, 2020. Lawyers for Equatorial Guinea told United Nations judges Monday that French authorities illegally seized a mansion in Paris which they insist operated as the African nation's embassy. The building was seized as part of a money laundering investigation into the son of the central African nation's president. (AP Photo/Mike Corder)

Equatorial Guinea: France illegally seized 'embassy'

Feb. 17, 2020 7:26 AM EST

THE HAGUE, Netherlands (AP) — Lawyers for Equatorial Guinea told United Nations judges Monday that French authorities illegally seized a mansion in Paris that the African nation insists operated as its embassy. The building was seized as part of a money laundering investigation into the son of the central...

2 charged in multimillion-dollar prostitution operation

Feb. 15, 2020 11:52 AM EST

DENVER (AP) — A Colorado woman and an Israeli man are charged with laundering millions of dollars that U.S. prosecutors say came from a high-end prostitution operation they ran for years. Tracy Reynolds of Alamosa, Colorado, was arrested Tuesday at the Tampa, Florida, airport, where the 45-year-old was...

South Dakota man indicted in $71 million organics fraud

Feb. 14, 2020 2:50 PM EST

SIOUX FALLS, S.D. (AP) — Federal prosecutors have charged a Rapid City businessman in what they say was a $71 million scheme to sell fake organic grain and seeds to fuel his extravagant lifestyle including a yacht, a multimillion dollar home and luxury cars. The U.S. Attorney's Office filed an indictment...

Feds accuse Ohio man of laundering $300M in cryptocurrency

Feb. 14, 2020 1:10 AM EST

AKRON, Ohio (AP) — An Ohio man has been indicted federally for a business that authorities said laundered more than $300 million in cryptocurrency used by customers to make illegal purchases from the darknet marketplace. Larry Dean Harmon, 36, of Bath Township, was arrested Tuesday after the unsealing of...

Cyprus urged to go after laundering of foreign illicit cash

Feb. 12, 2020 3:17 AM EST

NICOSIA, Cyprus (AP) — Cyprus needs to step up its fight against the laundering of illicit cash generated outside the east Mediterranean island nation, a leading European financial watchdog said Wednesday. Moneyval, which is part of the Council of Europe, the continent's leading human rights organization,...

Nicaragua creates new fuel firms after December US sanctions

Feb. 11, 2020 8:48 PM EST

MANAGUA, Nicaragua (AP) — Nicaragua’s Parliament approved the creation Tuesday of four state companies that will handle the importation, storage, distribution and sales of oil and gas, two months after the country’s main energy company was sanctioned by Washington for allegedly laundering...

Honduran national police chief accused of money laundering

Feb. 11, 2020 6:39 PM EST

TEGUCIGALPA, Honduras (AP) — Honduran authorities arrested the head of the national police Tuesday, accusing him and his wife of money laundering. Officials arrested Leonel Luciano Sauceda and his wife, Patricia Sbeltlana Estrada, on money laundering charges. They said in a statement that the couple was...

Federal judge in Tucson sentences man in lottery fraud case

Feb. 11, 2020 12:06 AM EST

TUCSON, Ariz. (AP) — A federal judge in Tucson has sentenced a man to 21 months in prison for laundering funds from a lottery fraud scheme that targeted elderly people. Prosecutors say Morgan Alek Forrester also was ordered to pay $176,000 in restitution. Forrester is among four co-defendants charged in...

This undated photo provided by the West Virginia Regional Jail and Correctional Facility Authority shows Nedeltcho Vladimirov. The West Virginia man is accused of organizing a network of shoplifters, many of them drug addicts, to steal hundreds of thousands of dollars in store merchandise that he then resold on the internet. (West Virginia Regional Jail and Correctional Facility Authority via AP)

Man charged with paying drug addicts to shoplift at stores

Feb. 10, 2020 7:29 PM EST

CHARLESTON, W.Va. (AP) — A West Virginia man is accused of organizing a network of shoplifters, many of them drug addicts, to steal hundreds of thousands of dollars in store merchandise that he then resold on the internet. Nedeltcho Vladimirov of Cross Lanes was charged Monday in a criminal complaint with...

Scottsdale man, mother indicted in restaurant fraud scheme

Feb. 7, 2020 12:08 AM EST

PHOENIX (AP) — A Scottsdale man and his mother have been indicted for alleged wire fraud and conspiracy to commit money laundering. Federal prosecutors say 52-year-old Frank Capri and 68-year-old Debbie Corvo of Cave Creek are accused of orchestrating the collapse of two county music branded restaurant...