Latest Money laundering News

Indiana businessman gets 5 years for Ponzi-style scheme

Jul. 31, 2021 15:42 PM EDT

INDIANAPOLIS (AP) — A central Indiana businessman has been sentenced to a 5-year prison term after pleading guilty in a Ponzi-style scheme that cost dozens of investors nearly $1.5 million. George S. Blankenbaker Jr., 56, was sentenced Wednesday by a federal judge in...

New Mexico House leader resigns in face of corruption probe

Jul. 30, 2021 20:46 PM EDT

SANTE FE, N.M. (AP) — The second-ranking legislator in the New Mexico House of Representatives resigned Friday amid criminal investigations into her ties to a private contractor for the Albuquerque school district where she also works. Democratic House leaders announced...

Governor says lawmaker must go if charged in kickback probe

Jul. 29, 2021 19:19 PM EDT

SANTA FE, N.M. (AP) — A leading New Mexico legislator should be prepared to resign if she is indicted in an investigation into possible racketeering, money laundering, kickbacks and violations of a law governing the conduct of state lawmakers, said New Mexico’s Democratic governor. ...

Longtime New Mexico lawmaker focus of criminal investigation

Jul. 29, 2021 14:04 PM EDT

ALBUQUERQUE, N.M. (AP) — Authorities are investigating longtime New Mexico legislator Sheryl Williams Stapleton's possibly illegal connections to a company that received more than $5 million in contracts to do business with the school district where she works and whether she got financial...

Swiss close decade-long Russian money laundering probe

Jul. 27, 2021 08:40 AM EDT

BERLIN (AP) — Swiss prosecutors said Tuesday they have closed a decade-long investigation into suspected Russian money laundering linked to a fraud scandal in which late lawyer Sergei Magnitsky played a leading role. The Swiss investigation against persons unknown...

El Salvador seeks arrest of former president for corruption

Jul. 23, 2021 09:36 AM EDT

SAN SALVADOR, El Salvador (AP) — Prosecutors in El Salvador have issued an arrest warrant for former president Salvador Sánchez Cerén on charges of embezzlement and money laundering. Attorney General Rodolfo Delgado said Thursday the charges are related to crimes...

Jurors convict former Georgia insurance chief in $2.5M fraud

Jul. 22, 2021 20:50 PM EDT

ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2.5 million he embezzled from his former...

WVa man convicted of using shoplifters for resale scheme

Jul. 22, 2021 19:08 PM EDT

CHARLESTON, W.Va. (AP) — A West Virginia man has been convicted of organizing a network of shoplifters, many of them addicted to drugs, to steal hundreds of thousands of dollars in store merchandise that he then resold on the internet. A federal jury convicted Nedeltcho...

Ga. insurance chief grabs 'last chance' as credibility hit

Jul. 21, 2021 19:23 PM EDT

ATLANTA (AP) — Georgia's suspended insurance commissioner told jurors Wednesday that his trial “is my last chance” to persuade them and the wider world that federal investigators ignored the truth in a misguided rush to indict him. But with Jim Beck on the witness stand for more than...

Mexico: $300 million in spyware spending included kickbacks

Jul. 21, 2021 16:38 PM EDT

MEXICO CITY (AP) — Mexico’s top anti-money laundering investigator said Wednesday that officials from previous administrations from 2012 to 2018 spent about $300 million in government money to purchase spyware from the Israeli spyware firm NSO Group. The bills for...