money laundering

Stories 1 - 20 |  Next >>

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,... More »

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... More »

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... More »

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... More »

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.... More »

'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... More »

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... More »

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... More »

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 »

Stories 1 - 20 |  Next >>

AROUND THE WEB