money laundering

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After Scandals, Pope Revamps Vatican's Finance Intel Unit

It's part of pontiff's efforts to prevent and counter 'money laundering and the financing of terrorism'

(Newser) - Pope Francis has revamped the Holy See's financial intelligence and anti-money-laundering unit following financial scandals, including an ongoing in-house corruption probe, Vatican officials said Saturday. The changes involve the governance and organization of the unit, which has been renamed the Supervisory and Financial Information Authority, or ASIF, the Vatican...

His Release Date Was 2419. It Just Got Pushed to Now

'Stunning reprieve' from judge for money launderer Juan Carlos Seresi, serving a 505-year sentence

(Newser) - A money launderer who was sentenced nearly 30 years ago to five centuries behind bars just got what CNN calls a "stunning reprieve." A Los Angeles federal judge decided he should be let out of prison ASAP. US District Court Judge Stephen V. Wilson ruled Thursday that 73-year-old...

BuzzFeed Has Dug Up Damning Bank Documents

The 'FinCEN files' show how criminals, terrorists, and corrupt leaders use Western banks

(Newser) - The new Panama Papers are out, and they're just as ugly—if not worse. Leaked government documents show that big banks are laundering untold trillions of dollars for shady operators around the world and getting away with it, BuzzFeed reports. JPMorgan Chase and HSBC appear to be among the...

Biggest Lottery Winner in US Was Swindled: Prosecutors

'Lottery Lawyer' Jason Kurland charged in $107M fraud

(Newser) - The "Lottery Lawyer" advertised his services while noting that many lottery winners "are not sophisticated enough" to see potential scams. "You really have to rely on the professionals," Jason Kurland told Vice in 2016. Now three winners who relied on Kurland have lost more than $80...

Someone Tries Laundering Money—Literally

South Korean loses 'considerable' sum after washing-machine debacle

(Newser) - Money laundering is not a good idea, as a South Korean found out when he or she put banknotes in a washing machine to remove possible traces of the coronavirus, the AP reports. Officials say the loss was considerable. The person living in Ansan city, near Seoul, placed an unspecified...

DEA Agent Hit With 19 Counts in 'Black Eye' to Agency

Jose Irizarry and his wife were arrested Friday

(Newser) - A once-standout US federal narcotics agent known for spending lavishly on luxury cars and Tiffany jewelry has been arrested on charges of conspiring to launder money with the same Colombian drug cartel he was supposed to be fighting, the AP reports. Jose Irizarry and his wife were arrested Friday at...

His New Wife Was 50 Years Younger. Now, an Arrest

Lin Halfon accused of trying to swindle elderly husband in Florida

(Newser) - Looks like the honeymoon is over for a Florida businessman and his new wife—because, per the AP , it looks like the young bride tried to swindle her elderly spouse. The Tampa Bay Times has the full story on the arrest of 26-year-old Lin Helena Halfon, who, per court records,...

Ex-Sudan Leader Sentenced to 2 Years in Rehab

Omar al-Bashir is convicted of money laundering, corruption

(Newser) - A court in Sudan convicted former President Omar al-Bashir of money laundering and corruption on Saturday, sentencing him to two years in a rehabilitation facility. That’s the first verdict in a series of legal proceedings against al-Bashir, who's also wanted by the International Criminal Court on charges of...

Loughlin's Daughter Has Something to Say

Olivia Jade Giannulli posts a fresh YouTube video

(Newser) - Olivia Jade Giannulli is back on YouTube. The daughter of Lori Loughlin and Mossimo Giannulli returned Sunday with her first video —called "hi again"—since her parents were indicted in March for allegedly taking part in the college admissions scandal, TMZ reports. They're accused of paying...

Dirty-Money Expert Might Spend His Life in Prison

But University of Miami professor Bruce Bagley insists he's done nothing wrong

(Newser) - A money-laundering expert in Florida is facing charges of, you guessed it, money laundering. Bruce Bagley, 73, was arrested Monday for allegedly laundering at least $3 million in illegal Venezuelan money, the Miami Herald reports. But the University of Miami professor—who has served as an expert witness and testified...

Flight Attendant Tells Customs He Has $100. It Was $9K

4 American Airlines flight attendants accused of smuggling $22K in cash into Miami

(Newser) - Four American Airlines flight attendants have been arrested on money laundering charges after police say they flew into Miami with more than $22,000 in cash. Carlos Alberto Munoz-Moyano was the first to be checked by customs at Miami International Airport after departing the flight from Santiago, Chile, on Monday....

'Slick' Pair Found a Way to Rob Rich Celebrities: LAPD

Benjamin Ackerman and Jason Emil Yaselli could serve over 31 years each

(Newser) - If this story's true, "slick" is really the word. Police say a Beverly Hills man and a real estate agent conspired to steal from high-end homes—including celebrities Usher and Adam Lambert—and spent the money partly on credit-card debt, the Los Angeles Times reports. Benjamin Eitan Ackerman...

80 Charged in Massive Love Scam Run Out of LA

Man named Valentine, another Nigerian citizen are accused masterminds of scheme out of California

(Newser) - The feds say elderly women and businesses were the perpetrators' targets, and that they managed to squeeze at least $6 million out of their victims in what prosecutors are calling "one of the largest cases of its kind in US history." CNN reports on the arrests Thursday of...

Report: Trump, Kushner Bank Transactions Raised Red Flags

Sources say Deutsche Bank decided not to inform feds of staff recommendations

(Newser) - Transactions linked to President Trump and his son-in-law raised red flags in a Deutsche Bank computer system designed to detect money laundering in 2016 and 2017, but the bank decided not to act, reports the New York Times , citing "five current and former bank employees." The sources, including...

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,...

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'...

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...

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...

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...

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...

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