Latest Money laundering News

Portugal ex-PM to stand trial for money laundering, forgery

Apr. 09, 2021 13:19 PM EDT

A Lisbon judge ruled Friday to put former Portuguese Prime Minister José Sócrates on trial for alleged money-laundering and forgery but said the statute of limitations had expired on more than a dozen corruption allegations. Judge Ivo Rosa said that 1.7 million euros...

Swiss banker to Venezuelan kleptocrats becomes star witness

Apr. 08, 2021 16:13 PM EDT

MIAMI (AP) — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been a constant reminder of his crimes. With a court order in hand, and a child’s voice echoing from the next room, the former Swiss banker...

Correction: Backpage-Judge story

Apr. 07, 2021 22:14 PM EDT

PHOENIX (AP) — An appeals court has rejected a bid by the former operators of Backpage.com to recuse a judge in Arizona from presiding over their upcoming trial on prostitution facilitation charges because of statements made by the judge’s husband about human trafficking and the...

Backpage founders lose bid for new judge at upcoming trial

Apr. 07, 2021 15:42 PM EDT

PHOENIX (AP) — An appeals court has rejected a bid by the former operators of Backpage.com to recuse a judge in Arizona from presiding over their upcoming trial on prostitution facilitation charges because of statements made by the judge’s husband about human trafficking and the...

Malaysian ex-PM Najib appeals graft conviction in 1MDB saga

Apr. 05, 2021 10:01 AM EDT

PUTRAJAYA, Malaysia (AP) — A Malaysian court on Monday began hearing an appeal by ex-Prime Minister Najib Razak to overturn his conviction and 12-year jail sentence linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018. ...

NY CFO pleads guilty to laundering scheme involving diamonds

Apr. 02, 2021 18:00 PM EDT

NEW HARTFORD, N.Y. (AP) — A New York company’s chief financial officer acknowledged stealing nearly $776,000 to invest it partly in African diamonds, according to federal prosecutors. Michael Bartusek pleaded guilty to wire fraud, money laundering and filing a false...

Feds: Businessman agrees to guilty plea in investment scheme

Apr. 01, 2021 15:04 PM EDT

INDIANAPOLIS (AP) — An Indianapolis businessman plans to plead guilty to federal charges alleging that he operated a fraudulent investment scheme involving more than 100 people who invested more than $11 million. Federal prosecutors said in court documents filed...

Man accused in unlicensed virtual currency biz stays jailed

Mar. 30, 2021 15:56 PM EDT

CONCORD, N.H. (AP) — A judge has ruled that a leader of a libertarian group and self-described minister in New Hampshire will remain jailed on charges that he ran an unlicensed virtual currency exchange business, saying that he's a flight risk and a danger to the community. ...

Business owner guilty of $2M in coronavirus relief fraud

Mar. 27, 2021 03:24 AM EDT

MIAMI (AP) — A Florida business owner has been convicted of illegally receiving more than $2 million in coronavirus relief funds. A federal jury in Fort Myers found Casey David Crowther, 35, guilty Friday of bank fraud, making a false statement to a lending institution...

11 arrested in alleged money laundering at restaurants

Mar. 26, 2021 11:34 AM EDT

ALBANY, Ore. (AP) — Eleven people have been arrested in connection with drug manufacturing and money laundering allegations at several restaurants. Five search warrants were executed on March 17 at restaurants across Linn, Benton and Marion counties, the Albany...