Tag: money_laundering
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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
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Media Monitor: ICIJ details lobbying over crypto Clarity Act, reports on cancer drug costs and Cyprus corruption
ICIJ is reporting on intense lobbying surrounding the U.S. Clarity Act for cryptocurrency regulation, concerns over money laundering, and new studies suggesting lower anti-cancer drug dosages could save billions.
Politics and GovernmentBusinessHealthWorldFederal GovernmentEconomyMedical ScienceLaw EnforcementSocial Issues Clarity ActCryptocurrencyLobbyingMoney LaunderingCancer TreatmentNicos AnastasiadesCyprusICIJ
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FinCEN Moves to Block H-Pay Service PLC, Successors from U.S. Financial System
FinCEN proposes to sever Cambodia-based H-Pay Service PLC and its successors from the U.S. financial system. This move targets Huione Group's attempts to launder proceeds from cyber heists and virtual currency scams, preventing circumvention of existing rules.
Politics and GovernmentBusinessLaw EnforcementCambodiaFederal GovernmentEconomyLegalFinancial MarketsComputers and Internet FinCENHuione GroupH-Pay Service PLCMoney LaunderingCybercrimeVirtual Currency ScamsFinancial Crimes Enforcement Network
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U.S. Treasury Intensifies Crackdown on Overseas Scam Operations, Sanctioning Prince Group TCO Network
The U.S. Treasury sanctioned 35 individuals and entities linked to the Prince Group TCO, disrupting overseas scam operations that defraud Americans of billions. FinCEN also moved to include H-Pay Service PLC in a rule targeting money laundering.
Politics and GovernmentBusinessLaw EnforcementWorldFederal GovernmentEconomyFinancial MarketsAsiaSocial Issues U.S. TreasuryPrince Group TCOSanctionsScam OperationsMoney LaunderingCybercrimeSoutheast AsiaUS Treasury
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FinCEN Honors Law Enforcement for Combating Financial Crime with BSA Data
FinCEN honored seven law enforcement cases for using Bank Secrecy Act data, leading to 96 convictions, $1.1 billion seized, and $347 million in restitution. Cases included major fraud, human trafficking, and money laundering, highlighting public-private collaboration.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegalSocial Issues FinCENFinancial CrimeBank Secrecy ActMoney LaunderingHuman TraffickingTD BankFinancial Crimes Enforcement Network
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South Carolina Woman Sentenced for Money Laundering in Email Compromise Scheme
Laura Frantz, 62, of Saluda, South Carolina, received a 27-month federal prison sentence for money laundering. She funneled funds from a business email compromise scheme, ignoring FBI warnings, and must pay $138,673 in restitution.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentBankingFinancial MarketsComputers and InternetLegal Laura FrantzMoney LaunderingBusiness Email CompromiseSaluda, South CarolinaSavannah, GeorgiaFBIFederal Court
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Federal Jury Convicts Duo in $25 Million Wire Fraud and Money Laundering Scheme
A federal jury convicted Demani and Tanya Bosket for their roles in a $25 million wire fraud and money laundering scheme. The duo managed U.S.-based operations, diverting funds from various transactions, with over $2.5 million recovered.
Law EnforcementBusinessScience & TechnologyLegalEconomyComputers and InternetFederal Government Demani Jawara BosketTanya Lashawn BosketWire FraudMoney LaunderingBusiness Email CompromiseSouth CarolinaFinancial CrimeFBI
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San Diego Man Charged with Funneling Funds to Hamas and Personal Use
San Diego resident Reda Mazen Rida Sabassi faces terrorism, fraud, and money laundering charges for allegedly diverting $600,000 from "humanitarian" campaigns to Hamas and personal use, exploiting the October 7, 2023, attacks.
Politics and GovernmentLaw EnforcementConflictBusinessFederal GovernmentLegalMiddle EastFinancial Markets Reda Mazen Rida SabassiHamasSan DiegoTerrorismFraudMoney LaunderingFBI
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Northern Nevada Man Indicted for Embezzling Nearly $8 Million from Broadband Project
Stephen A. Kromer, owner of Uprise, LLC, faces a 16-count federal indictment for allegedly embezzling over $7.8 million from a USDA ReConnect broadband grant intended for rural Lovelock, Nevada, diverting funds to personal accounts and cryptocurrency.
Law EnforcementPolitics and GovernmentBusinessScience & TechnologyFederal GovernmentLegalComputers and InternetEconomyFinancial Markets Stephen A. KromerUprise LLCEmbezzlementBroadband InfrastructureLovelock NevadaUSDA ReConnect ProgramMoney LaunderingFBI
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Shelby County Court Clerk Indicted on Federal Theft and Fraud Charges
Shelby County General Sessions Court Clerk Tamara Sawyer faces federal charges for allegedly embezzling over $44,000 in public funds. The indictment includes theft, fraud, and money laundering, stemming from misuse of county cards for personal expenses.
Politics and GovernmentLaw EnforcementGeneral PoliticsState GovernmentsFederal GovernmentLegal Tamara SawyerShelby CountyPublic CorruptionIndictmentTheftMoney LaunderingFBI
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Middle Tennessee Man Indicted in Multi-Million Dollar Crypto Ponzi Scheme
Misam M. Abidi of Nolensville faces 11 federal charges for allegedly running a cryptocurrency Ponzi scheme through Star Credit Holdings, defrauding investors of millions and diverting funds. He is accused of wire fraud, money laundering, and tax offenses.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegal Misam M. AbidiNolensvilleCryptocurrencyPonzi SchemeStar Credit HoldingsWire FraudMoney LaunderingFBI
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Former Virgin Islands OMB Director Sentenced to 84 Months for COVID-19 Relief Fund Corruption
Jenifer O’Neal, former Virgin Islands OMB Director, received an 84-month prison sentence for misusing federal COVID-19 relief funds, including inflating invoices and accepting bribes for her coffee shop.
Politics and GovernmentLaw EnforcementFederal GovernmentState GovernmentsLegalEconomy Jenifer O'NealVirgin IslandsPublic CorruptionCOVID-19 Relief FundsSentencingFraudMoney LaunderingFBI
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Wausau Man Pleads Guilty to $14.25 Million Wire Fraud and Money Laundering
Stanley Pophal, 64, admitted guilt to wire fraud and money laundering, defrauding 190 investors of $14.25 million. He used the funds to finance a lavish lifestyle, including hundreds of vehicles, in a multi-year Ponzi scheme.
BusinessLaw EnforcementPolitics and GovernmentFederal GovernmentLegalEconomyFinancial Markets Stanley PophalWausauWisconsinWire FraudMoney LaunderingInvestment FraudPonzi SchemeFBI
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Newcastle Man Sentenced to Five Years for Laundering $100 Million in Fraud Proceeds
Geoffrey K. Auyeung of Newcastle, Washington, received a five-year prison sentence for laundering nearly $100 million in fraud proceeds. He used bank accounts and cryptocurrency to funnel funds from a fake oil and gas investment scheme to overseas fraudsters.
BusinessLaw EnforcementPolitics and GovernmentWorldLegalFinancial MarketsEconomyFederal Government Geoffrey K. AuyeungMoney LaunderingCryptocurrencyFinancial FraudSeattleInvestment ScamHomeland Security InvestigationsU.S. Department of Homeland Security
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Former Sacramento Man Convicted for Misusing Stolen School District Funds
Former Sacramento resident William A. Sassman was found guilty of misusing over $6.5 million mistakenly wired from the Tukwila School District. Despite being notified the funds were stolen, Sassman purchased and resold luxury watches, now facing significant prison time.
Law EnforcementPolitics and GovernmentLegalEducationFederal GovernmentEconomy William A. SassmanSacramentoTukwila School DistrictFinancial FraudMoney LaunderingLuxury WatchesFBI
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Springfield Investment Professional Pleads Guilty to Embezzling Retirement Funds
Bob Hunter, 72, of Springfield, Missouri, pleaded guilty to wire fraud and money laundering. He embezzled over $373,000 from clients' retirement funds, using "lulling letters" to conceal his scheme.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomyGeneral Politics Bob HunterSpringfield MissouriWire FraudMoney LaunderingEmbezzlementRetirement FundsFinancial FraudFBI
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Fugitive in Feeding Our Future Fraud Scheme Surrenders to FBI
Said Abdullahi Ereg, a fugitive in the Feeding Our Future fraud, surrendered to the FBI in Minneapolis. He is accused of defrauding the Federal Child Nutrition Program of over $4.2 million, exploiting funds meant for children.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentEconomyLegalEducationSocial Issues Said Abdullahi EregFeeding Our FutureFederal Child Nutrition ProgramFraudMinneapolisFBIMoney Laundering