Latest Money laundering News

2 Mississippi businessmen indicted in pandemic fraud case

Jun. 17, 2022 18:01 PM EDT

JACKSON, Miss. (AP) — Two Mississippi businessmen, including one who served on the governor's economic recovery advisory commission, have been indicted on charges connected to the fraudulent receipt of more than $2 million in pandemic relief money, prosecutors said Friday. A...

Judge acquits key figures in Panama Papers scandal

Jun. 16, 2022 23:59 PM EDT

PANAMA CITY (AP) — A Panamanian judge acquitted 39 people in a money laundering case Thursday, including lawyers Jurgen Mossack and Ramón Fonseca, who were key figures in the Panama Papers case. Judge Baloísa Marquínez Morán ruled that the prosecution did not prove that the law...

Minneapolis-area house-flipper pleads guilty to fraud

Jun. 16, 2022 18:16 PM EDT

MINNEAPOLIS (AP) — A woman who ran a house-flipping business in the Minneapolis area has pleaded guilty to defrauding real estate investors out of more than $3 million. Suzanne Griffiths, 46, is charged with one count of wire fraud and one count of money laundering. Authorities say...

California man gets 5 years for money laundering

Jun. 09, 2022 14:48 PM EDT

MADISON, Wis. (AP) — A federal judge in Madison has sentenced a California man to five years in prison for his role in a money laundering scheme. U.S. District Judge William Conley sentenced Sinval De Oliveira of Torrance on Wednesday. According to prosecutors, De...

Dubai arrests 2 Gupta brothers over South African fraud case

Jun. 07, 2022 11:56 AM EDT

DUBAI, United Arab Emirates (AP) — Dubai police said Tuesday they arrested two brothers from the Gupta family, wanted over allegedly looting state money with former South African President Jacob Zuma. The arrest of Atul and Rajesh Gupta, who had lived for years in the sheikhdom,...

'Tiger King' star Doc Antle charged with money laundering

Jun. 06, 2022 16:45 PM EDT

“Tiger King” star Bhagavan “Doc” Antle has been charged with laundering more than half a million dollars, money federal prosecutors said Monday that he believed to be the proceeds of an operation to smuggle people across the Mexican border into the United States. Charges...

‘Tiger King’ star Doc Antle to face money laundering charges

Jun. 04, 2022 17:05 PM EDT

MYRTLE BEACH, S.C. (AP) — “Tiger King” star Bhagavan “Doc” Antle was arrested by the FBI and expected to appear in court Monday to face federal money laundering charges, a person familiar with the matter told The Associated Press. Federal agents arrested the controversial...

Canadian and English men indicted in US Navy overdoses

Jun. 03, 2022 17:29 PM EDT

BRUNSWICK, Ga. (AP) — A man from Canada and a man from the United Kingdom have been indicted in Georgia on charges that they sent fentanyl to two U.S. Navy petty officers who died from overdoses in October 2017. Thomas Michael Federuik, 59, of Vancouver, British Columbia, and Paul...

Ex-Marine sentenced for running drug trafficking ring

Jun. 01, 2022 19:46 PM EDT

SAN DIEGO (AP) — A former U.S. Marine who ran a ring that ferried tons of cocaine into the country from South America through Mexico has been sentenced to more than 16 years in federal prison, it was announced Wednesday. Angel Dominguez Ramirez Jr., who holds both U.S. and Mexican...

NFT insider trading scheme charges are a 1st, feds say

Jun. 01, 2022 16:30 PM EDT

NEW YORK (AP) — A former product manager at an online marketplace was arrested Wednesday in what federal authorities called the first ever digital asset insider trading scheme involving NFTs. Nathaniel Chastain, a former employee of a company that does business as OpenSea, was...