Tag: money_laundering
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FinCEN Targets Hospice Fraud in California Engagement
FinCEN convened law enforcement and financial institutions in Los Angeles to combat escalating health care fraud, particularly hospice exploitation. The engagement focused on new schemes and financial red flags, urging vigilance against criminal organizations.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalSocial Issues FinCENHospice FraudHealth Care FraudFinancial InstitutionsCaliforniaMoney LaunderingFinancial Crimes Enforcement Network
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FinCEN Convenes Public-Private Engagement to Combat Cartels
FinCEN hosted an information-sharing event on August 10, bringing together law enforcement and financial institutions to combat cartels. The COMMAND FinCEN Exchange series supports Executive Order 14157, aiming to disrupt money movements by drug trafficking organizations.
Politics and GovernmentLaw EnforcementUSA FinCENCartelsMoney LaunderingFinancial Crimes Enforcement NetworkCOMMAND FinCEN ExchangeExecutive Order 14157Public-Private Partnership
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FinCEN Report Flags Nearly $5 Billion in Suspected Human Smuggling Funds
A new FinCEN analysis reveals financial institutions identified nearly $5 billion linked to suspected human smuggling between 2023 and 2025, citing unverifiable relationships, migration route transactions, and excessive cash activity along the U.S. southwest border.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalSocial IssuesEconomy FinCENHuman SmugglingFinancial CrimeBank Secrecy ActSouthwest BorderFinancial InstitutionsMoney LaunderingFinancial Crimes Enforcement Network
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FinCEN Renews Minnesota Fraud Targeting Order to Combat Billions in Diverted Funds
FinCEN has renewed its Geographic Targeting Order in Minnesota to combat extensive fraud schemes. This measure aims to protect taxpayers by identifying and recovering billions in state and federal funds fraudulently diverted, including money laundered overseas.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentState GovernmentsEconomyLegal FinCENMinnesotaGeographic Targeting OrderFraudMoney LaunderingTaxpayersGovernment BenefitsFinancial Crimes Enforcement Network
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Treasury Renews Order to Combat Minnesota Fraud, Target Overseas Money Laundering
FinCEN renewed its Geographic Targeting Order in Minnesota to combat extensive fraud diverting billions in state and federal aid. The order requires enhanced reporting on international money transfers over $3,000 from Hennepin and Ramsey Counties, aiming to recover taxpayer dollars…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegal FinCENGeographic Targeting OrderMinnesotaFraudMoney LaunderingUS TreasuryGovernment Benefits
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FinCEN Imposes Record $125 Million Penalty on UBS for BSA Violations
FinCEN has levied a record $125 million penalty against UBS Financial Services Inc. for willful Bank Secrecy Act violations. This is the largest fine ever imposed on a broker-dealer for such infractions, highlighting serious regulatory breaches.
BusinessLaw EnforcementPolitics and GovernmentFederal GovernmentBankingFinancial MarketsLegal Financial Crimes Enforcement NetworkUBS Financial Services Inc.Bank Secrecy ActCivil Money PenaltyMoney LaunderingBroker-dealerFinancial Regulation
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Media Monitor: Capital One Cites Money-Laundering Probe in Closing Trump Organization Accounts
France 24 is reporting that Capital One Financial defended its 2021 decision to close over 300 Trump-affiliated bank accounts, citing a money-laundering review. This marks the first time a bank has formally linked such concerns to the Trump Organization.
BusinessPolitics and GovernmentLaw EnforcementBankingLegalFederal GovernmentGeneral PoliticsEconomy Donald TrumpCapital OneTrump OrganizationMoney LaunderingLawsuitFinancial ServicesFrance 24
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FinCEN Extends Comment Period for Huione Group Rule Due to Technical Glitch
FinCEN has extended the comment period for its proposed rule on Huione Group, a financial institution of money laundering concern, until August 2, 2026. This follows a six-day technical issue preventing electronic submissions.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalBankingEconomy FinCENHuione GroupH-Pay Service PLCMoney LaunderingComment PeriodRegulatory AmendmentFinancial CrimeFinancial Crimes Enforcement Network
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USPS Employee's Romance Scam Ordeal Uncovers Multi-Million Dollar Fraud Ring
A USPS employee, initially suspected of fraud, was a romance scam victim, unwittingly laundering millions. His case led investigators to a large-scale criminal conspiracy, resulting in a scammer's arrest and conviction.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentEconomyLegalSocial Issues Romance ScamsCatfishingUSPSFraudMoney LaunderingIdentity TheftCybercrime
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ICE Deports Alleged Cartel Hitman Wanted for Murder and Money Laundering
ICE has deported David Vargas-Rivera, an alleged hitman for the Santa Rosa de Lima Cartel, wanted for murder in Mexico and accused of laundering over $4.6 million. He was arrested in Frisco, Texas, before being returned to Mexican authorities.
Politics and GovernmentLaw EnforcementConflictFederal GovernmentLegalEconomyLatin AmericaSocial Issues David Vargas-RiveraICEDeportationMexicoSanta Rosa de Lima CartelMurderMoney LaunderingU.S. Department of Homeland Security
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Nebraska Woman Sentenced to Over Six Years for $4.7 Million Oglala Sioux Tribe Fraud
Buffy Redfish, 57, was sentenced to 6.5 years in federal prison and ordered to pay $4.7 million in restitution for wire fraud and money laundering against the Oglala Sioux Tribe.
Law EnforcementPolitics and GovernmentFederal GovernmentLegalEmployment and LaborSocial IssuesGeneral Politics Buffy RedfishOglala Sioux TribeWire FraudMoney LaunderingFederal PrisonFinancial FraudGovernment FraudFBI
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Chinese National Sentenced for $2.2 Million Walmart Gift Card Money Laundering Scheme
Jun Wang, a Chinese national, received a 70-month prison sentence for a $2.2 million money laundering conspiracy involving Walmart and Sam's Club gift cards, preying on vulnerable victims across the U.S.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEconomySocial Issues Jun WangMoney LaunderingGift Card FraudWalmartFBIAlbany, New YorkDepartment of Justice
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Cleveland Man Pleads Guilty in Grandparent Fraud Money Laundering Scheme
A Cleveland resident admitted guilt in a federal money laundering conspiracy linked to an international grandparent fraud scheme. Luis Alfonso Bisono Rodriguez laundered cash obtained by an organized crime group from elderly victims, facing up to 20 years in prison.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentFinancial MarketsSocial Issues Luis Alfonso Bisono RodriguezMoney LaunderingGrandparent FraudClevelandDominican RepublicFBIOrganized Crime
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Former Controller Pleads Guilty to $1.1 Million Embezzlement
Jacob Wise, 29, pleaded guilty to wire fraud and money laundering, admitting to embezzling over $1.1 million from his employer by diverting funds to personal accounts. He faces up to 20 years in prison.
Law EnforcementBusinessLegalEconomyFederal Government Jacob WiseEmbezzlementWire FraudMoney LaunderingDetroitFBIIRS-Criminal Investigations
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California Drug Trafficker Sentenced to Over Seven Years for Methamphetamine and Fentanyl Conspiracy
A California man received an 87-month prison sentence for distributing over 46 pounds of methamphetamine and fentanyl in Hawaii and laundering drug money through shell corporations, following a Homeland Security Task Force investigation.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentLegalEconomySocial Issues Dylan Tai DangMethamphetamineFentanylMoney LaunderingHawaiiCaliforniaHomeland Security Task ForceFBI
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Woodinville Man Indicted for $440,000 Theft and Money Laundering
A Woodinville man faces 30 federal felony charges for allegedly stealing $440,000 from two financial institutions where he worked. Joshua Shore is accused of laundering the stolen cash through repeated ATM deposits.
Law EnforcementBusinessPolitics and GovernmentLegalBankingFederal GovernmentEmployment and Labor Joshua ShoreWoodinvilleFinancial FraudMoney LaunderingFBIIndictmentTheft
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Texas Man Pleads Guilty to Laundering $1.2 Million from Elderly Tech-Support Fraud Scheme
A Texas man pleaded guilty to laundering over $1.2 million from an international tech-support fraud scheme targeting elderly victims. Chase Harris faces up to 20 years and must pay full restitution.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEconomySocial IssuesComputers and Internet Chase HarrisMoney LaunderingElderly FraudTechnology Support FraudSouthern District of New YorkKeller, TexasCrimeFBI
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Former NBA Players, Agent Charged in Sports Bribery and Illegal Betting Scheme
Six individuals, including former NBA players Malik Beasley and Edward Davis, and a current agent, face federal charges for allegedly bribing Beasley to manipulate game performance for illegal betting profits.
Politics and GovernmentSportLaw EnforcementLegalFederal GovernmentEconomy Malik BeasleyEdward DavisNBASports BriberyIllegal BettingMoney LaunderingMilwaukee BucksFBI
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New Hampshire Charges Two in $3 Billion Healthcare Fraud Money Laundering Scheme
Two individuals from Georgia face charges in New Hampshire for laundering proceeds from a nearly $3 billion nationwide healthcare fraud scheme, part of a major Justice Department takedown targeting transnational criminal organizations.
Law EnforcementHealthBusinessWorldLegalFederal GovernmentEconomySocial IssuesEuropeBanking Kakha BendelianiGoga DaneliaNew HampshireMoney LaunderingHealthcare FraudTransnational Criminal OrganizationMedicareFBI
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New Hampshire Charges Part of Major National Healthcare Fraud Takedown
Four individuals in New Hampshire face charges in a national healthcare fraud takedown, involving Medicare fraud, identity theft, and controlled substance diversion. This action is part of a broader federal effort against $6.5 billion in false claims.
HealthLaw EnforcementPolitics and GovernmentWorldFederal GovernmentLegalMedical ScienceEconomySocial Issues Healthcare FraudNew HampshireMedicareIdentity TheftControlled SubstancesMoney LaunderingFBI
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Central Valley Man Pleads Guilty in $10 Million Real Estate Fraud Scheme
Gilberto Barron pleaded guilty to wire fraud, money laundering, and identity theft in a $10 million real estate scheme. He conspired with federal inmate Seth Depiano, using fake identities and laundering funds through Las Vegas casinos.
Law EnforcementBusinessLegalFinancial MarketsFederal GovernmentState Governments Real Estate FraudWire FraudMoney LaunderingAggravated Identity TheftGilberto BarronSeth DepianoCaliforniaFBI
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Lead Defendant and Ten Others Plead Guilty in $65 Million Elder Fraud Scheme Aided by YouTubers
Lead defendant Hua Wang and ten others admitted guilt in a $65 million multinational fraud targeting seniors. YouTube channels "Scammer Payback" and "Trilogy Media" played a crucial role in exposing the scheme and identifying conspirators.
Law EnforcementBusinessPolitics and GovernmentWorldLegalFederal GovernmentSocial IssuesEconomyComputers and InternetAsia Hua WangElder FraudMoney LaunderingSan DiegoScammer PaybackTrilogy MediaFBI
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Second Drug Trafficking Leader Sentenced to 96 Months for Fentanyl and Money Laundering
A New Jersey drug trafficking leader received a 96-month prison sentence for distributing fentanyl analogues and money laundering. The organization imported drugs from China and pressed them into counterfeit pills.
Law EnforcementPolitics and GovernmentFederal GovernmentLegalEconomySocial Issues FentanylDrug TraffickingMoney LaunderingMichael ActionNewark, New JerseyHomeland Security InvestigationsCriminal JusticeFBI
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Six Defendants Plead Guilty in $30 Million Drug Money Laundering Conspiracy
Six individuals, including five illegal aliens, pleaded guilty to laundering over $30 million in drug proceeds. The sophisticated operation spanned multiple countries and involved couriers and facilitators, with sentencing scheduled for August and September.
Law EnforcementPolitics and GovernmentWorldLegalFederal GovernmentLatin America Money LaunderingDrug TraffickingFBIOrlandoSouthern District of FloridaConspiracy
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Colby Woman Indicted for Embezzling Over $750,000 from Agricultural Co-op
A Colby woman faces federal charges for allegedly embezzling over $750,000 from her employer, an agricultural cooperative, by forging coworkers' signatures and falsifying records over an eight-year period.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentSocial Issues Shania A. ShanahanColbyKansasBank FraudMoney LaunderingIdentity TheftFBI
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Three Sentenced in South Georgia Human Trafficking and Forced Labor Scheme
Three defendants received federal prison sentences for their roles in a transnational human trafficking and forced labor operation in South Georgia, which exploited foreign workers and laundered over $200 million.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalEmployment and LaborSocial IssuesMoney Laundering Human TraffickingForced LaborGeorgiaSentencingOperation Blooming OnionH-2A Visa ProgramFBI
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Addiction Recovery Care Founder Indicted for Multi-Million Dollar Wire Fraud and Money Laundering
Timmy G. Robinson, Jr., founder of Addiction Recovery Care, faces wire fraud and money laundering charges in Lexington, KY. He allegedly sold the same Employee Retention Credits twice for millions, then directed his company not to repay buyers.
BusinessLaw EnforcementPolitics and GovernmentEconomyLegalFederal GovernmentFinancial Markets Timmy G. Robinson Jr.Addiction Recovery CareWire FraudMoney LaunderingEmployee Retention CreditLexington, KYFinancial CrimeFBI
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Louisville Woman Sentenced to Over 5 Years for Multi-Million Dollar Pool Fraud
Tracy Davenport, 51, of Louisville, received a 63-month federal prison sentence for defrauding over 50 customers of $3.3 million in a pool installation scheme, involving wire fraud, bankruptcy fraud, and money laundering.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentState GovernmentsEconomy Tracy DavenportLouisvilleWire FraudBankruptcy FraudMoney LaunderingPool InstallationFederal PrisonFBI
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Former Ellsworth Woman Sentenced for Methamphetamine Conspiracy and Money Laundering
Jenna Garniss, a former Ellsworth woman, received a 61-month prison sentence for her involvement in a methamphetamine distribution and money laundering conspiracy spanning from California to Hancock County, Maine.
Law EnforcementPolitics and GovernmentFederal GovernmentLegalSocial Issues Jenna GarnissMethamphetamineMoney LaunderingEllsworthBangorMaineCrimeFBI
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Chinese Citizen Charged in Gold Coin Money Laundering and Wire Fraud Conspiracy
A Chinese citizen faces charges for money laundering and wire fraud conspiracy in Buffalo, NY, involving a scam that tricked a victim into buying and handing over gold coins and bullion.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalEconomyFinancial Markets Didi ZouMoney LaunderingWire FraudGold CoinsBuffaloFBIFinancial Fraud