Tag: money_laundering
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Google Software Engineer Accused of $1.2M Insider Trading on Polymarket
Google engineer Michele Spagnuolo faces charges for allegedly using internal confidential data to make over $1.2 million in illicit profits through insider trading on the prediction market platform, Polymarket.
BusinessLaw EnforcementLegalFinancial MarketsEmployment and LaborFederal Government Michele SpagnuoloGoogleInsider TradingPolymarketCommodities FraudWire FraudMoney LaunderingFBI
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Texas Woman Indicted for Alleged $3 Million Fraud Against Colorado Companies
Emily Katherine Merrill, 41, of Cypress, Texas, faces ten counts of wire fraud and three counts of money laundering for allegedly defrauding two Colorado-based companies of over $3 million through financial schemes.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalEconomyEmployment and Labor Emily Katherine MerrillWire FraudMoney LaunderingColoradoLafayetteDenverFBI
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Ten-Time Convicted Felon Charged in $1.5 Million Elderly Romance Fraud
Troy Clinton Van Sickle, a 10-time convicted felon, faces federal charges for allegedly defrauding an elderly woman of over $1.5 million in a romance scheme and obstructing the FBI investigation.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegalSocial Issues Troy Clinton Van SickleRomance FraudElder JusticeSan DiegoFBIMoney LaunderingObstruction of Justice
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Justice Department Recovers Over $6 Million in Additional 1MDB Funds
The Justice Department has recovered over $6 million in additional funds linked to the 1MDB Malaysian sovereign wealth fund scheme, including a luxury New York apartment and rental income.
Law EnforcementBusinessPolitics and GovernmentWorldLegalEconomyFederal GovernmentBankingGeneral Politics Justice Department1MDBMoney LaunderingCivil ForfeitureNew YorkJho LowMalaysiaFBI
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Founder of Investment Firm Sentenced for $20 Million Bank Fraud
John Arthur Hanratty, founder of Ebury Street Capital, received a 12-month prison sentence for defrauding an FDIC-insured bank of nearly $20 million through inflated collateral and false claims, causing significant losses.
Law EnforcementBusinessLegalBankingFinancial MarketsFederal Government John Arthur HanrattyEbury Street CapitalBank FraudMoney LaunderingSentencingNew YorkFinancial CrimeFBI
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Alaska Drug Trafficking Leader Sentenced to 15 Years in Federal Prison
California man Tyrone Hampton, leader of an Alaska drug trafficking ring, gets 15 years for distributing heroin and fentanyl. His operation, involving family and gang members, shipped drugs via mail, leading to a multi-agency investigation and arrests.
Law EnforcementPolitics and GovernmentFederal GovernmentLegalSocial Issues Tyrone HamptonDrug TraffickingAlaskaFentanylHeroinMoney LaunderingHomeland Security Task ForceFBI
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Oro Valley Man Charged with $10.9 Million Wire Fraud and Money Laundering Scheme
Brandon Aaron Kreutz, 40, of Oro Valley, faces charges of wire fraud and money laundering for allegedly defrauding investors of $10.9 million in a firearms device scheme, using funds for personal luxury items.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentFinancial Markets Brandon Aaron KreutzOro ValleyWire FraudMoney LaunderingFBIFinancial FraudArizona
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Three Florida Men Sentenced for $2.2 Million Medicare Fraud and Money Laundering
Three Florida men received prison sentences for their roles in a $2.2 million Medicare fraud and money laundering scheme. They operated fraudulent DME companies, submitting millions in false claims for unnecessary orthotic braces, involving kickbacks and shell companies.
Law EnforcementPolitics and GovernmentHealthFederal GovernmentLegalEconomyGeneral Politics Medicare fraudmoney launderingDurable Medical EquipmentFloridaMarco ScamaroneJose MendezRenee VazquezFBI
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Georgian Citizen Sentenced for International Medicare Fraud Money Laundering
Irakli Nakashidze, a Georgian citizen, received a 37-month prison sentence for laundering over $1.1 million from a $179 million Medicare fraud scheme. His sham company billed for unprovided medical supplies, funneling proceeds internationally.
Law EnforcementPolitics and GovernmentHealthBusinessFederal GovernmentLegalEconomyMedical Science Irakli NakashidzeMoney LaunderingHealthcare FraudMedicareMiamiGeorgiaJustice DepartmentFBI
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Former East Bay Financial Advisor Pleads Guilty in $9.5 Million Ponzi Scheme
Former East Bay financial advisor Edwin Emmett Lickiss Jr. pleaded guilty to wire fraud and money laundering, admitting to a $9.5 million Ponzi scheme that defrauded over 93 investors from 1998 to 2024. Sentencing is set for August 2026.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomy Edwin Emmett Lickiss Jr.Ponzi schemeWire fraudMoney launderingOaklandFBIFinancial Crime
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Former Venezuelan Minister Alex Saab Arrested on Money Laundering Charges
Alex Saab, former Venezuelan Minister, faces money laundering charges in Miami for allegedly exploiting a food program and illegal oil sales, siphoning hundreds of millions through U.S. banks.
Law EnforcementPolitics and GovernmentBusinessLegalFederal GovernmentEconomyLatin AmericaSocial Issues Alex SaabVenezuelaMoney LaunderingCLAPOilCorruptionHomeland Security Task ForceFBI
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Dual Citizen Sentenced to Six Years for Money Laundering Conspiracy
A dual U.S.-Nigerian citizen received a six-year prison sentence for a money laundering conspiracy involving over $3.4 million, including funds from a fraudulent EIDL loan. His co-conspirator also received a prison term.
Law EnforcementPolitics and GovernmentBusinessWorldLegalFederal GovernmentEconomyFinancial MarketsAfrica Eseosa Brigut OmoruyiMoney LaunderingNewport News, VirginiaFBIIRS Criminal InvestigationEconomic Injury Disaster LoanConspiracy
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New York Business Owner Sentenced for Laundering Health Care Fraud Proceeds
Elnar Zarbailov, a New York business owner, received a 37-month prison sentence for laundering nearly $1.5 million in health care fraud proceeds for a transnational criminal organization, part of a multi-billion-dollar scheme.
Law EnforcementBusinessHealthWorldLegalEconomyFederal GovernmentFinancial Markets Elnar ZarbailovMoney LaunderingHealth Care FraudTransnational Criminal OrganizationStaten IslandFBIDepartment of Justice
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Nigerian Man Sentenced to Nearly 10 Years for $700,000 Money Laundering Scheme
Charles Nnamdi Emesim received a 115-month sentence for laundering over $700,000 from 23 victims, many elderly, through various internet scams. He impersonated a "customs agent" in one romance fraud.
Law EnforcementBusinessPolitics and GovernmentLegalSocial IssuesFederal GovernmentEconomy Charles Nnamdi EmesimMoney LaunderingRomance ScamsFinancial FraudElder JusticeKentuckyFBI
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UK/Jamaica Citizen Pleads Guilty in International Lottery Scam
A UK/Jamaica citizen pleaded guilty to money laundering in a multi-million dollar international lottery scam. Nicole Lamont received funds from elderly victims, depositing them before making them available to conspirators in Jamaica. Sentencing is set for September 2026.
Law EnforcementPolitics and GovernmentWorldLegalFederal GovernmentEuropeLatin AmericaSocial Issues Nicole LamontMoney LaunderingLottery ScamElderly VictimsPittsburghJamaicaFraudFBI
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Dominican National Extradited, Indicted for Leading Multi-State Drug Trafficking and Money Laundering Enterprise
Frank Maiky Baez Guerrero, a Dominican national, faces federal charges for leading a large-scale drug trafficking and money laundering operation across Massachusetts, Maine, and the Dominican Republic, following his extradition and a Homeland Security Task Force investigation.
Law EnforcementPolitics and GovernmentLegalFederal GovernmentState GovernmentsSocial IssuesEconomy Frank Maiky Baez GuerreroDrug TraffickingMoney LaunderingContinuing Criminal EnterpriseHomeland Security Task ForceMassachusettsDominican RepublicFBI
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Guam Bingo Operators Sentenced for $34 Million Charity Fraud
Guam bingo operators received federal prison sentences for a $34 million fraud. They diverted over $10 million from charity bingo proceeds meant for sick children's medical travel, using it for personal gain. A fugitive received the longest sentence.
Law EnforcementBusinessFederal GovernmentLegalEconomy GuamFraudMoney LaunderingIllegal GamblingFederal PrisonAloha ShrinersFBI
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Ghanaian Nationals and U.S. Woman Indicted in Elder Romance Fraud Scheme
Two Ghanaian brothers and a U.S. woman face indictment for allegedly running romance fraud schemes targeting older Americans. The case highlights a broader criminal pattern, with nine others already sentenced for similar offenses.
Law EnforcementBusinessPolitics and GovernmentWorldLegalSocial IssuesFederal GovernmentEconomyAfrica Romance FraudGhanaian NationalsElderly VictimsWire FraudMoney LaunderingFBI ClevelandElder Justice InitiativeFBI
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Six Indicted in Puerto Rico for Transnational Racketeering, Murders, and Drug Trafficking
Six individuals from a transnational criminal organization based in Añasco, Puerto Rico, face federal charges including racketeering, murder, and drug trafficking, following a major Homeland Security Task Force investigation.
Law EnforcementPolitics and GovernmentWorldFederal GovernmentLegalEconomyLatin AmericaSocial Issues Puerto RicoAñascoRacketeeringDrug TraffickingMurderHomeland Security Task ForceMoney LaunderingFBI
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Treasury Sanctions Sinaloa Cartel Fentanyl and Money Laundering Networks
The U.S. Treasury has sanctioned over a dozen individuals and entities linked to the Sinaloa Cartel, targeting fentanyl trafficking and sophisticated cryptocurrency money laundering operations. This action aims to disrupt the cartel's ability to flood the U.S. with illicit drugs.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentEconomyLegalSocial IssuesLatin America Sinaloa CartelFentanylMoney LaunderingOFACSanctionsCryptocurrencyMexicoUS Treasury
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Homeland Security Task Force Indicts Four in Million-Dollar Multi-State Burglary Ring
Four illegal aliens from South America have been indicted by a federal grand jury in Wisconsin for their alleged involvement in a multi-state burglary ring, responsible for approximately $1 million in stolen property across Wisconsin, Minnesota, and Florida.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentLegalSocial IssuesEconomy Burglary RingIndictmentHomeland Security Task ForceTransnational CrimeWisconsinChilean NationalsMoney LaunderingFBI
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Apopka Man Sentenced to Federal Prison for COVID-19 Relief Fraud
Emmet Bowens of Apopka received a 63-month federal prison sentence and a $739,582 forfeiture for COVID-19 PPP loan fraud. He submitted a false application, misused funds, and fled as a fugitive before his arrest.
Law EnforcementPolitics and GovernmentBusinessLegalFederal GovernmentEconomySocial Issues Emmet BowensApopkaCOVID-19 FraudPPP LoanWire FraudMoney LaunderingFederal PrisonFBI
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Media Monitor: Coda Story Reports on Ukraine Corruption Concerns, Crypto Regulation Differences
Coda Story reports on Ukraine's prosecution of an anti-corruption activist, raising concerns about democratic values, and contrasts EU caution on crypto with the U.S.'s embrace of it.
Politics and GovernmentBusinessWorldEuropeFinancial MarketsEconomyLaw EnforcementLegalUkraineUnited Kingdom CorruptionVitaliy ShabuninAnti-Corruption Action CenterCryptocurrenciesMoney LaunderingEuropean UnionCoda Story
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Phoenix Man Pleads Guilty to Federal 'Kingpin' and Money Laundering Charges
Marcos Monarrez-Mendoza pleaded guilty to violating the federal “Kingpin” statute and money laundering. He faces a sentence of not less than 20 years and up to life in prison, and a fine of up to $2 million.
Politics and GovernmentLaw EnforcementLegalMexicoSocial IssuesFederal GovernmentCriminal Justice Marcos Monarrez-MendozaPhoenixArizonadrug traffickingmoney launderingHomeland Security InvestigationsFederal Bureau of InvestigationFBI
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Jamaican National Extradited to U.S. for Lottery and Romance Scheme
Sherwayne Benjamin Bellinfantie extradited from Jamaica to the U.S. to face charges for romance and sweepstakes scheme that defrauded an elderly Arizona resident of over $400,000.
Politics and GovernmentLegalSocial IssuesWorldLaw EnforcementFederal GovernmentCybercrimeFinancial Fraud Jamaicaextraditionromance scamlottery scamwire fraudmoney launderingFBI
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Mexican National Convicted on Drug Trafficking and Firearm Charges in Atlanta
Adan Macedo-Rios, a Mexican national, was convicted of drug trafficking, money laundering, robbery, and firearm charges. He faces a minimum of 10 years for drug trafficking.
Politics and GovernmentLegalLaw EnforcementMexico Adan Macedo-RiosDrug Enforcement AdministrationAtlantaDrug TraffickingMoney LaunderingFirearmsHobbs Act RobberyFBI
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Five Convicted in Oklahoma Drug Trafficking Conspiracy
A federal jury convicted five individuals for their roles in a drug trafficking organization that transported liquid methamphetamine from Mexico to Oklahoma, laundering millions in proceeds.
Politics and GovernmentLegalLaw EnforcementSocial IssuesMexico Drug TraffickingOklahomaMethamphetamineMoney LaunderingFBIU.S. Attorney's Office
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FinCEN Targets Southwest Border Money Laundering
FinCEN issues a Geographic Targeting Order for money services businesses in California and Texas to combat money laundering by Mexico-based cartels.
Politics and GovernmentBusinessWorldMexicoFederal GovernmentLaw EnforcementFinancial MarketsLegal FinCENGeographic Targeting Ordermoney launderingMexico-based cartelssouthwest borderCurrency Transaction ReportsScott Bessent