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Money Laundering

All articles tagged with #money laundering

Maryland GOP official charged in yacht-refinance scheme
politics11 days ago

Maryland GOP official charged in yacht-refinance scheme

A Maryland GOP official, James Appel, was indicted on three counts each of wire fraud and money laundering for routing $200,000 from a politician’s campaign accounts and a local tennis nonprofit into his own accounts to refinance a 65-foot yacht, while falsely inflating campaign asset balances; he pleaded not guilty as the indictment was unsealed on March 26. Appel, longtime Maryland GOP comptroller, has since left the party; Del. Kathy Szeliga described the case as a betrayal and called for jail time and asset seizure.

via thebanner.com|
#federal-court#money-laundering#politics
FinCEN Targets Health-Care Benefit Fraud, Proposes Whistleblower Rewards
business12 days ago

FinCEN Targets Health-Care Benefit Fraud, Proposes Whistleblower Rewards

FinCEN issues an advisory warning financial institutions to watch for schemes exploiting government health care benefit programs like Medicare and Medicaid, detailing how fraud rings and transnational criminal organizations file false claims and launder funds through banks and international networks; the agency also unveiled a proposed rule to compensate whistleblowers with 10–30% of penalties from qualifying actions, funded by penalties under the Bank Secrecy Act and the International Emergency Economic Powers Act, as part of a broader effort to protect federal payments.

via U.S. Department of the Treasury (.gov)|
#business#fincen#healthcare-fraud
Former Amazon Delivery Boss Convicted in $10 Million Fraud Linked to Luxury Cars and a $1 Million Home
business24 days ago

Former Amazon Delivery Boss Convicted in $10 Million Fraud Linked to Luxury Cars and a $1 Million Home

A federal jury convicted Brittany Hudson, operator of Legend Express LLC contracted by Amazon, on 30 counts of conspiracy, wire fraud, money laundering and forgery for stealing nearly $10 million through fake invoices. The funds funded a $1 million home in Smyrna and luxury vehicles (Lamborghini Urus, Dodge Durango, Tesla Model X, Porsche Panamera) and a Kawasaki motorcycle, in a scheme with her girlfriend Kayricka Wortham who pleaded guilty and was sentenced to 16 years with restitution. Hudson’s sentencing is set for June.

via WSB-TV|
#amazon#business#fraud
California bishop accused of siphoning church funds, visiting brothels in Tijuana
crime1 month ago

California bishop accused of siphoning church funds, visiting brothels in Tijuana

California bishop Emanuel Shaleta of Saint Peter’s Chaldean in San Diego is charged with embezzlement, money laundering and an aggravated white-collar-crime enhancement for allegedly siphoning church funds. Prosecutors say the scheme involved cash rent payments over $30,000 per month, with about $272,000 unaccounted and more than $420,000 reportedly misappropriated (potentially up to $1 million). He was arrested at San Diego International Airport while attempting to flee to Germany; bail is $125,000 and he faces up to 15 years in prison if convicted. The Vatican has accepted his resignation; The Pillar reported alleged visits to a Tijuana brothel, which his attorney says were planned and funds were for the needy.

via Fox News|
#clergy-fraud#crime#embezzlement
Hungary detains Ukrainian bank employees, seizes cash in money-laundering probe
world1 month ago

Hungary detains Ukrainian bank employees, seizes cash in money-laundering probe

Hungarian authorities detained seven Ukrainian employees of the state-owned Oschadbank and seized two armored cash-transport vehicles carrying $40 million, €35 million, and 9 kilograms of gold on suspicion of money laundering; Kyiv denounced the move as hostage-taking, while Hungary expels the Ukrainians amid broader tensions with Ukraine over Russian oil shipments and electoral politics that have strained the two countries.

via AP News|
#cash-seizure#hungary#money-laundering
Taco Seasoning Heist: Florida Man Allegedly Stole Thousands From Target
crime1 month ago

Taco Seasoning Heist: Florida Man Allegedly Stole Thousands From Target

Keith Wallis, 39, is accused of an organized retail theft scheme at Target stores from Miami to Orlando, stealing 75 trading-card boxes paired with 99-cent taco seasoning packets and paying only for the seasonings at self-checkout. He allegedly sold the stolen cards on eBay, resulting in more than $10,000 in losses to Target and about $40,000 in revenue for Wallis. He faces multiple felonies—organized retail theft (two counts), dealing in stolen property (three counts), and money laundering—with a potential up to 90 years in prison. The investigation involves multiple Florida law-enforcement agencies and prosecutors in the 19th Judicial Circuit.

via KOMO|
#crime#florida#money-laundering
Orlando crypto CEO’s $328M Ponzi scheme alleged to fund lavish life and real estate
crime-and-public-safety1 month ago

Orlando crypto CEO’s $328M Ponzi scheme alleged to fund lavish life and real estate

The DOJ accuses Christopher Delgado, 34, founder/CEO of Orlando-based Goliath Ventures, of running a $328 million Ponzi scheme from 2023 to 2026 that misused investor funds—only about $1 million went into a crypto liquidity pool while the rest paid earlier investors, financing lavish events and four luxury homes in Windemere, Winter Park, Kissimmee, and Sanford; Delgado was arrested on wire fraud and money-laundering charges and had public ties to charities and local politics.

via Orlando Sentinel|
#crime-and-public-safety#cryptocurrency#money-laundering
Former Ukraine energy minister named suspect in money-laundering case after border detention
europe1 month ago

Former Ukraine energy minister named suspect in money-laundering case after border detention

Ukrainian investigators have formally named former energy minister German Galushchenko as a suspect in a money-laundering probe; he was detained while trying to leave Ukraine, with authorities alleging about $12 million in his family accounts linked to a kickback scheme from contractors building fortifications to defend energy infrastructure.

via France 24|
#corruption#europe#galushchenko
FinCEN Opens Confidential Whistleblower Channel with Rewards for Financial Crimes
business1 month ago

FinCEN Opens Confidential Whistleblower Channel with Rewards for Financial Crimes

FinCEN launched a confidential whistleblower tip portal for fraud, money laundering, and sanctions violations, offering rewards for tips that lead to enforcement. In Minnesota, Treasury announced anti-fraud actions including probing Money Services Businesses, speeding reporting to support prosecutions and recover laundered funds, disrupting fraud rings tied to child nutrition programs, and training law enforcement to use financial data; the IRS will form a dedicated fraud task force to address misuse of 501(c)(3) funds.

via U.S. Department of the Treasury (.gov)|
#business#fincen#fraud
Police Crack Down on £3m Illegal TV Piracy Network with 10 Servers Seized
technology2 months ago

Police Crack Down on £3m Illegal TV Piracy Network with 10 Servers Seized

Four people were arrested in a City of London Police-led crackdown across Greater Manchester and Lancashire on a £3m illegal TV streaming network. Ten servers and other equipment worth about £750,000 were seized as investigators say the operation disrupted an organised scheme that generated more than £3m in revenue and involved conspiracy to distribute copyright-infringing content and money laundering; suspects were released under investigation after servers were shut down following the tip from Sky.

via BBC|
#copyright-infringement#illegal-streaming#iptv-piracy
German prosecutors raid Deutsche Bank in money-laundering investigation
business2 months ago

German prosecutors raid Deutsche Bank in money-laundering investigation

German authorities, led by the Office of the Federal Prosecutor and the Federal Criminal Police, raided Deutsche Bank’s Frankfurt and Berlin offices as part of a money-laundering probe into past dealings with foreign companies; the investigation names no individuals and provides few details, while Abramovich’s representatives deny any connection. The raids echo a 2018 operation tied to offshore accounts and transfers linked to crime.

via BBC|
#berlin#business#deutsche-bank
U.S. Targets Kenyan Properties in Multi-Billion Dollar Fraud Scandal
corruption3 months ago

U.S. Targets Kenyan Properties in Multi-Billion Dollar Fraud Scandal

Federal prosecutors allege that Gandi Abdi Kediye used a company to launder nearly $1 million in federal child nutrition funds and owns properties that operate as taxpayer-funded group homes in the Twin Cities, with his family involved in managing some of these homes. Despite his indictment for involvement in a large-scale food fraud scheme, the group homes continue to operate and receive millions in state funding, raising concerns about oversight and potential connections to the fraud scheme.

via MPR News|
#corruption#federal-fraud#feeding-our-future