Latest Money laundering News

Three stand up paddlers on the river Main in Frankfurt, Germany, as the sun sets, Tuesday, Aug. 4, 2020. (AP Photo/Michael Probst)

German authorities conduct raids in money laundering probe

Aug. 11, 2020 7:22 AM EDT

BERLIN (AP) — German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) for Russian criminals, prosecutors said. The suspect is accused of receiving some 7 million...

Malaysian former Finance Minister and Penang Chief Minister Lim Guan Eng, center, leaves courthouse in Butterworth, Malaysia, Monday, Aug. 10, 2020. Lim pleaded not guilty to a second graft charge relating to a $1.5 billion undersea tunnel project. Lim has slammed the charges as political persecution by the new government. (AP Photo/Gary Chuah)

Malaysia's ex-finance minister, wife charged with graft

Aug. 11, 2020 1:54 AM EDT

PENANG, Malaysia (AP) — Malaysia's former finance minister accused the government of taking political vengeance Tuesday after a third graft charge was filed against him and his wife was charged with money laundering. Lim Guan Eng was part of a reformist government ousted in March and the new government...

FILE - In this May 22, 2019, file photo, Ariel Quiros, left, former owner of Jay Peak Resort, stands outside the federal courthouse in Burlington, Vt., after his arraignment on fraud charges over a failed plan to build a biotechnology plant using foreign investors' money. The Miami businessman, accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments, is expected to plead guilty in next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. (AP Photo/Lisa Rathke, File)

Miami business to plead guilty in Vermont fraud case

Aug. 7, 2020 6:08 PM EDT

BURLINGTON, Vt. (AP) — The Miami businessman accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments is expected to plead guilty next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. Ariel...

Prosecutors: Doctor, wife illegally imported meds from China

Aug. 7, 2020 3:23 PM EDT

BOSTON (AP) — A Massachusetts psychiatrist and his wife both face charges in connection with a scheme to illegally import medications to treat alcohol and opioid dependence from China and falsify shipping documents to hide the contents of the imported packages, federal prosecutors said Friday. Dr. Rahim...

Man admits role in major drug, money laundering conspiracy

Aug. 7, 2020 3:14 PM EDT

ST. LOUIS (AP) — A Las Vegas man has admitted in federal court in St. Louis that he led a conspiracy that sold up to 22,000 pounds of marijuana across the country. The St. Louis Post-Dispatch reported that Kevin Boles also laundered between $1.5 million and $3.5 million in drug proceeds. He pleaded guilty...

Officials: 5 business owners charged in federal loan scheme

Aug. 7, 2020 3:38 AM EDT

ATLANTA (AP) — Five small business owners are accused of fraudulently obtaining about $4 million in federal funds created to help businesses amid the pandemic, and using them for personal expenses. The scheme began when four of the business owners submitted or helped submit loan applications that sought...

US charges ex-Guatemala economy chief with money laundering

Aug. 5, 2020 6:15 PM EDT

MIAMI (AP) — United States prosecutors charged a former Guatemala economy minister Wednesday in a purported money laundering conspiracy that allegedly took drug proceeds and converted them into bribes for corrupt politicians. The U.S. Attorney’s Office for the Southern District of Florida alleges...

In this photo distributed by Colombia's Attorney Generals Office, officials pose with their backs to the camera by a pool on a property allegedly belonging to Alex Saab in Barranquilla, Colombia, Wednesday, July 22, 2020. Authorities seized a luxury mansion allegedly belonging to the businessman detained in Cape Verde on U.S. corruption charges related to Venezuelan President Nicolás Maduro. (Colombia's Attorney Generals Office via AP)

Court OKs extradition of man linked to Venezuela's Maduro

Aug. 4, 2020 10:24 AM EDT

CARACAS, Venezuela (AP) — A court in the West African nation of Cape Verde has approved the extradition to the United States of a Colombian businessman wanted on suspicion of money laundering on behalf of Venezuela's socialist government, his lawyers said Tuesday. The court made the decision to extradite...

Ohio House Speaker Larry Householder leaves the federal courthouse after an initial hearing following charges against him and four others alleging a $60 million bribery scheme Tuesday, July 21, 2020, in Columbus, Ohio. (AP Photo/Jay LaPrete)

AP EXPLAINS: A look at $60M bribery probe unfolding in Ohio

Jul. 30, 2020 6:17 PM EDT

COLUMBUS, Ohio (AP) — The arrest July 21 of powerful Republican House Speaker Larry Householder and four associates in a $60 million federal bribery case has upended both politics and policy-making in Ohio. The Ohio House removed Householder from his post Thursday in a unanimous, bipartisan vote and...

FILE - In this Oct. 16, 2015 file photo, Emilio Lozoya, CEO of Petroleos Mexicanos (PEMEX), attends a meeting in Paris, France. The former head of Mexico's state oil company was arrested Wednesday, Feb. 12, 2020 in Spain on a international warrant issued by Mexico, authorities in both countries said. Mexico issued international arrest warrants against Lozoya in 2019 as a result of corruption investigations, including into his alleged ties to Odebrecht, the Brazilian construction company that secured contracts across Latin America through a network of bribes. (AP Photo/Jacques Brinon, File)

Former oil boss faces more charges in Mexico corruption case

Jul. 29, 2020 4:27 PM EDT

MEXICO CITY (AP) — A former government oil company chief who says he was “used” by “an organized apparatus of power” faced a new round of charges Wednesday, after a judge ruled he could stay out of prison while on trial. Emilio Lozoya, who will have to wear a monitoring bracelet...