Real estate is often used to aid money launderers in the Integration stage of a money laundering scheme. Criminals are able to invest their illicit gains into property, which provides stability in prices that usually appreciate over time and functionality… Read more >
Robert P. Hoopes, former Lower Southampton Director of Public Safety, has pleaded guilty to one count of conspiracy to commit money laundering and four counts of Hobbs Act extortion. Hoopes is accused of accepting a bribe and extorting business owners… Read more >
Guo Wengui, a Chinese business tycoon, has had his bank accounts frozen by Chinese authorities as part of an ongoing money laundering investigation involving his daughter and son. Guo, who is currently seeking asylum in the US, fled from China… Read more >
Raymond Odigie Uadiale, a former employee at Microsoft, was sentenced to 18 months in prison and three years of supervised release after pleading guilty to conspiracy to commit money laundering in connection to Reveton, a type of ransomware. A factual… Read more >
David Owen, a resident of Largo, Florida, has been sentenced to 10 years in prison for conspiring to commit mail fraud, extortion, money laundering, and various other fraud schemes. In addition to his sentence, Owen must pay $697,500 in restitution to… Read more >
Georgian resident, John Thomas Oiler, has been charged for helping ex-Pennsylvania narcotics officer, Timothy Riley, launder more than $800,000 worth of stolen funds from a marijuana drug trafficking ring in 2014. In March 2018, Riley pled guilty to the charges… Read more >
A condo unit at Porsche Design Tower in Sunny Isles Beach is being seized by federal officials for its alleged involvement in a $1 billion money laundering case. Prosecutors believe that the scheme originated from Venezuela’s state-run oil company, PDVSA,… Read more >
Between 2013 and 2017, the Drug Enforcement Administration (DEA) investigated an international drug trafficking and money laundering organization along with its cartel clients that operate in multiple countries such as Panama, Mexico, Spain, Italy and the United States. Jesus Rodriguez-Jimenez… Read more >
AML, Italy, Mexico, Spain, United States
The US Treasury Department has launched a global anti-money laundering (AML) campaign in an attempt to stop billions of dollars from being laundered into financial systems and is hoping for assistance from the governments in Beirut, Cyprus, Singapore and Dubai… Read more >
Between 2007 and 2016, the Panasonic Avionics Corporation (Panasonic) made illicit payments to consultants at its US in-flight-entertainment unit in the Middle East and Asia including payments to a government official at a state-owned airline in an effort to solicit… Read more >
AML, FCPA, Fines, Japan, United States