money laundering

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Maria Butina's US Boyfriend Hit With Charges

GOP fundraiser Paul Erickson pleads not guilty to wire fraud, money laundering

(Newser) - The US boyfriend of Russian spy Maria Butina is facing charges of his own. Conservative political operative Paul Erickson pleaded not guilty Tuesday to 11 counts of wire fraud and money laundering, which "appear largely unrelated" to the conspiracy to influence the 2016 presidential race, reports CNN . For now,... More »

Trump: Schiff Has No Right

The president fires back at Rep. Adam Schiff

(Newser) - "Under what basis would he do that?" So asked President Trump after learning Wednesday that Rep. Adam Schiff, as head of the House Intelligence Committee, is leading a probe into the president's finances. "He has no basis to do that," added Trump, per Reuters . "He'... More »

Trial of 'El Chapo' Was an 'Amazing Open Book'

Now Joaquin Guzman's fate is in the hands of the jury

(Newser) - Closing arguments wound down Thursday in the trial of Joaquin "El Chapo" Guzman, leaving in their wake in a Brooklyn courthouse tales "that at times echoed a Shakespearean drama and at others detailed a Sinaloa cartel bloodbath," per NBC News . The 61-year-old drug kingpin's fate is... More »

Couple Allegedly Stole $5M to Prep for 'Fall of US Government'

Florida pair face up to 30 years in prison if convicted

(Newser) - A Florida couple is accused of stealing $5 million allegedly used to prepare "for the fall of the US government." An arrest warrant states Gretchen Camp of Jacksonville admitted to stealing from Swisher International, where she worked as a tax manager, partly because her unemployed husband "wanted... More »

US Woman Could Get Life for Jamaica Lottery Scam

'Her hands were all over the conspiracy'

(Newser) - A federal judge in North Dakota on Monday ordered a Rhode Island woman convicted of funneling lottery scam money between the US and Jamaica to remain jailed pending a February sentencing hearing where she could face a stiffer sentence than the alleged mastermind, the AP reports. "Her hands were... More »

Cops Find Evidence of Money Laundering in Most Obvious Place

Suspect busted after authorities in Amsterdam find $400K in cash crammed into washing machine

(Newser) - Maybe someone figured that a washing machine would be the last literal place that cops would check when sussing out a money-laundering scheme, but that someone may have placed the wrong bet. The AP and CNN report a 24-year-old man has been arrested in the Netherlands after police descended on... More »

School Gets Email Seeking $9M—and Sends It

Phishing scheme fools MacEwan University in Canada

(Newser) - How do you get millions from a Canadian university? Just ask, apparently. A fraudster emailed MacEwan University in 2017 seeking roughly $9 million (USD) and the school sent it right off, the Toronto Star reports. To be fair, the Edmonton school was busy constructing a $137 million building featuring dance... More »

He Had $31M but Didn't Know It. It's Made His Life Awful

The unlucky story of Muhammad Abdul Qadir

(Newser) - Would your life be any different if someone told you $31 million once sat in your bank account (but wasn't yours) and isn't there anymore? For a Pakistani man, the answer is a resounding yes: He says his life had gotten worse. The Guardian and Dawn have the... More »

Suspect in $4.3M Bank Theft Had Elaborate Getaway: DOJ

Extradited Alaska man drove, flew, cabbed it, and took a bus all the way to Mexico

(Newser) - Seven years after a bank in Alaska had more than $4 million lifted, the man suspected of stealing the money has been extradited back there—all the way from Mexico. A DOJ release reports that 33-year-old Gerardo "Gary" Adan Cazarez Valenzuela, who used to be the cash vault services... More »

Manafort's Right-Hand Man: I Stole From Manafort, Too

Rick Gates testifies against former partner

(Newser) - The star prosecution witness in the financial fraud trial of Paul Manafort testified Monday that he concealed millions of dollars in foreign bank accounts on Manafort's behalf and falsified documents to help his former boss obtain millions of dollars more in bank loans. Rick Gates also admitted he embezzled... More »

Mexico's World Cup Captain Blacklisted by US

Accused of helping a drug lord, Rafael Marquez takes part in 5th tournament

(Newser) - The captain of Mexico's World Cup squad became one of only three athletes to play in five World Cup tournaments on Sunday. But Rafael "Rafa" Marquez's substitution in a 1-0 win over defending champions Germany, per ESPN , wasn't to be applauded by all onlookers, including in... More »

In 2 Years, Trio Stole $1.2M From Amazon

3 sentenced over fraud scheme involving 'hundreds' of accounts

(Newser) - "To those who seek to exploit the convenience of online shopping through fraud, remember this case." That's the message from a chief prosecutor in Indiana who helped send three people to prison for a scheme that defrauded Amazon of $1.2 million. US Attorney Josh Minkler says... More »

Australia Outlaws Cash for Purchases Over $7.5K

It's the government's attempt to keep money laundering and tax evasion at bay

(Newser) - Hoping to cripple organized crime and tamp down on tax evasion and money laundering, Australia has announced its latest tactic: not allowing cash purchases over $7,500 for goods and services. The West Australian reports the new rule—which will require consumers to use a check or electronic service such... More »

Backpage CEO Wraps Up '3-State Guilty Plea Tour'

Carl Ferrer will testify against co-founders, face max of 5 years in Arizona

(Newser) - A laundry list of high-level staffers at Backpage.com are facing money laundering and facilitating prostitution charges , with one top executive now agreeing to testify against the rest of them. Per the AP , CEO Carl Ferrer has struck a plea deal in which he'll admit guilt to state and... More »

DiCaprio May Have to Return Millions in Artwork

Feds are seizing assets related to Malaysian corruption

(Newser) - The feds are in the midst of a complex money-laundering investigation tied to Malaysian financiers, but it's got some easy-to-understand ramifications: Leonardo DiCaprio has to return a Picasso and an old Oscar that once belonged to Marlon Brando. As Reuters reports, DiCaprio himself is not charged with any wrongdoing,... More »

Ex-Trump Campaign Chief Accused of Hiding Payment

Ukraine lawmaker says he has found secret invoice

(Newser) - Paul Manafort, the Trump campaign manager who stepped down last summer amid controversy over his ties to a pro-Russia party in Ukraine, is facing a fresh allegation of hiding secret payments. Ukraine lawmaker Serhiy Leshchenko has published a contract and invoice supposedly from Manafort, a former adviser to pro-Russia former... More »

Backpage Shuts Adult Section After Damning Report

Site is 'far more complicit in online sex trafficking' than previously known: report

(Newser) - The founders and CEO of Backpage.com may have beat pimping charges , but their classified site hasn't escaped unscathed from claims that it benefited from prostitution and human trafficking. The site shuttered its adult section on Monday, claiming government censorship and "an assault on the First Amendment,"... More »

Authorities Find $20M Hidden Under Mattress

While investigating an international pyramid scheme

(Newser) - You'd think that much cold, hard cash would make for an uncomfortable night's sleep. The AP reports a 28-year-old Brazilian man was arrested this week in Massachusetts after authorities found about $20 million hidden in a box spring. The arrest of Cleber Rene Rizerio Rocha is connected to... More »

Gambler Meets Alleged Gangster, and a Crazy Tale Unfolds

Revealed is an interesting idea about how to launder money

(Newser) - It's a money laundering tale that seems destined for Hollywood: Rolling Stone unspools the case against Owen Hanson, who went by O-Dog more than a decade ago when he was a member of the USC football team and as "Junior DeLuca" in his post-college days as the alleged... More »

Judge Dumps Laundering Charges, Says Bitcoin's Not Real

Virtual currency can't 'be hidden under a mattress like cash and gold bars': Miami judge

(Newser) - Bitcoins may be valuable in tech circles, but to a judge in Miami-Dade County, the virtual money is nothing more than shadow currency. On Monday, Judge Teresa Mary Pooler discarded felony charges against website designer Michell Espinoza, who had been accused of transmitting and laundering $1,500 in bitcoins—an... More »

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