Latest Money laundering News

Former Brazil Olympic boss sentenced to jail for corruption

Nov. 26, 2021 10:51 AM EST

SAO PAULO (AP) — Carlos Arthur Nuzman, the head of the Brazilian Olympic Committee for more than two decades, was sentenced to 30 years and 11 months in jail for buying votes for Rio de Janeiro to host the 2016 Olympics. The ruling by Judge Marcelo Bretas became public...

California man gets prison for Bitcoin money laundering

Nov. 19, 2021 11:22 AM EST

SANTA ANA, Calif. (AP) — A Southern California man was sentenced to three years in federal prison for operating an unlicensed business that exchanged at least $13 million in Bitcoin and cash, the U.S. Attorney’s Office said. Hugo Mejia, 50, of the city of Ontario...

Man gets prison for exchanging currency for drug dealers

Nov. 18, 2021 20:50 PM EST

SANTA ANA, Calif. (AP) — A Southern California man was sentenced Thursday to three years in federal prison for operating unlicensed businesses that illegally exchanged millions of dollars in Bitcoin and cash, often for drug dealers, prosecutors said. Hugo Sergio Mejia,...

Accused marijuana ring leader pleads not guilty

Nov. 18, 2021 12:40 PM EST

BANGOR, Maine (AP) — The accused ring leader of an operation that allegedly diverted and sold more than $13 million in marijuana grown for Maine’s medical cannabis program pleaded not guilty Thursday to eight charges. Lucas Sirois, 41, of Farmington, was arraigned in...

Swiss banks faulted over money laundering tied to Venezuela

Nov. 18, 2021 12:20 PM EST

GENEVA (AP) — Switzerland's financial markets watchdog on Thursday said it has reprimanded and set restrictions on two Swiss banks for violating their obligation to fight money laundering in connection with clients in Venezuela, notably with links to state-run oil giant PDVSA. ...

Lebanese central bank governor says corruption charges false

Nov. 17, 2021 09:29 AM EST

BEIRUT (AP) — Lebanon’s central bank governor said Wednesday that he asked for an audit of transactions and investments during his tenure and the results showed no public money has been misused. Riad Salameh, 70, once praised as the guardian of Lebanon’s financial...

Businessman in Venezuela corruption case pleads not guilty

Nov. 15, 2021 10:53 AM EST

MIAMI (AP) — A businessman accused of siphoning off millions in state contracts from Venezuela pleaded not guilty on Monday in a high profile case that's strained relations between Washington and Caracas. Dressed in a beige jumpsuit, Alex Saab was tethered by the legs...

Marine-turned-kingpin pleads guilty in drug trafficking case

Nov. 11, 2021 14:59 PM EST

SAN DIEGO (AP) — A U.S. Marine veteran has pleaded guilty in San Diego federal court to orchestrating a drug-trafficking operation that moved tons of cocaine from South America through Mexico and into the United States. The San Diego Union-Tribune reports Angel...

Court filings: Maduro ally met with US prior to arrest

Nov. 10, 2021 21:04 PM EST

MIAMI (AP) — A businessman accused of siphoning off millions in state contracts from Venezuela met secretly with U.S. law enforcement to provide intelligence against Nicolás Maduro’s government prior to being charged in 2019 with money laundering, according to new filings in a related...

California parent gets 6 weeks prison in admissions scandal

Nov. 10, 2021 18:57 PM EST

BOSTON (AP) — A California parent was sentenced Wednesday to six weeks in prison and 250 hours of community service in connection with the sweeping college admissions scandal. Homayoun Zadeh, 60, of Calabasas, was also ordered to pay more than $8,000 in restitution and...