Latest Money laundering News

The sons of former Panamanian President Ricardo Martinelli, Ricardo Martnelli Linares, center left, and his brother Luis Enrique Martinelli Linares, center right, are accompanied by their lawyers before a hearing at the judicial court building in Guatemala City, Monday, July 6, 2020. Guatemalan police detained the Martinelli brothers on an Interpol warrant for money laundering, as they attempted to board a private plane out of the country. (AP Photo/Moises Castillo)

2 sons of ex-Panama leader Martinelli arrested in Guatemala

Jul. 6, 2020 7:54 PM EDT

GUATEMALA CITY (AP) — Two sons of former Panamanian President Ricardo Martinelli were arrested Monday in Guatemala as they tried to board a private plane out of the country. Luis Enrique and Ricardo Alberto Martinelli were supposedly headed to Panama with stops scheduled in El Salvador and Nicaragua, said...

FILE - In this Nov. 26, 2019 file photo, Paul Erickson leaves the federal courthouse, in Sioux Falls, S.D. Erickson, a former conservative operative who was once linked to a Russian agent has been sentenced to seven years in federal prison on Monday, July 6, 2020, in South Dakota. (Abigail Dollins/The Argus Leader via AP File)

South Dakota man linked to Russian spy sentenced for fraud

Jul. 6, 2020 5:00 PM EDT

SIOUX FALLS, S.D. (AP) — A former conservative operative who was once romantically linked to a Russian agent was sentenced Monday to seven years in federal prison in South Dakota. Paul Erickson pleaded guilty to wire fraud and money laundering as part of fraudulent investment schemes he operated for many...

Horse mounted police officers patrol Via della Conciliazione, the street leading to St. Peter's Basilica at the Vatican, on the occasion of the Feast of Rome's Patrons Saints Peter and Paul, in Rome Monday, June 29, 2020. (Mauro Scrobogna/LaPresse via AP)

Vatican watchdog sees record cooperation levels despite raid

Jul. 3, 2020 9:13 AM EDT

The Vatican’s financial watchdog agency has reported record levels of internal cooperation despite being thrown into turmoil in October when Vatican police raided its offices as part of an investigation into a 350 million-euro (nearly $400 million) London real estate deal. The Financial Information...

U.S. Attorney John R. Lausch Jr., announces, Friday, June 26, 2020, that an investigation of an illegal drug trafficking operation on Chicago's West Side has led to federal charges against 24 purported gang members as well as the seizure of more than 30 guns and more than $1.3 million in cash in Chicago. (AP Photo/Charles Rex Arbogast)

24 charged in Chicago drug sales, money laundering operation

Jun. 26, 2020 1:10 PM EDT

CHICAGO (AP) — An investigation of an illegal drug trafficking operation on Chicago's West Side has led to federal charges against 24 purported gang members as well as the seizure of more than 30 guns and more than $1.3 million in cash, authorities said Friday. The U.S. Department of Justice said...

FILE - This Feb. 2, 2012 file photo shows former lobbyist Jack Abramoff speaking in Washington. U.S. officials say Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure. U.S. Attorney David Anderson said Thursday, June 25, 2020, Abramoff of Silver Spring, Maryland, has agreed to plead guilty to criminal conspiracy charges and could face up to five years in jail. (AP Photo/Charles Dharapak, File)

Lobbyist Abramoff charged in cryptocurrency fraud case

Jun. 25, 2020 9:32 PM EDT

SAN FRANCISCO (AP) — Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday. U.S. Attorney David Anderson...

Former banker pleads guilty to fraud, money laundering

Jun. 25, 2020 6:34 PM EDT

BILLINGS, Mont. (AP) — A former banker has pleaded guilty to bank fraud and money laundering for approving a series of bank loans to a man whose applications did not include private loans the banker knew about. Stephen Phillip Casher, 46, pleaded guilty Wednesday after two days of testimony at his trial in...

Sweden fines bank for not properly fighting money laundering

Jun. 25, 2020 12:16 PM EDT

STOCKHOLM (AP) — A big Scandinavian bank has been fined for not taking strong enough action to reduce the risk of money laundering. The fine comes after several banks in the region were caught handling dirty money flowing mainly through units in the Baltic states. Sweden’s financial supervisory...

Thai police say they have busted major money-laundering ring

Jun. 25, 2020 9:08 AM EDT

BANGKOK (AP) — Police in Thailand say they have broken up a money-laundering ring that transferred a total of 10 billion baht ($323 million), much of it linked to drug trafficking. A Chinese businessman arrested in Bangkok, Qaing Ma, is believed to be a key figure in the operation, police Maj. Gen....

San Francisco permit expediter charged in corruption probe

Jun. 24, 2020 7:37 PM EDT

SAN FRANCISCO (AP) — An influential San Francisco contractor and permit expediter is expected to plead guilty to conspiracy charges in a public corruption case centering around a former public works director, federal prosecutors announced Wednesday. Walter Wing Lok Wong, 70, is charged with conspiring to...

Atlanta reality TV star charged with misusing relief funds

Jun. 24, 2020 5:31 PM EDT

ATLANTA (AP) — A reality television star who appeared on the show “Love & Hip Hop: Atlanta” was indicted Wednesday for allegedly using coronavirus relief funds intended to help small businesses survive to pay for luxuries such as a Rolls-Royce and custom jewelry, federal officials said....