14th June 2019
Members of a drug trafficking group that laundered their illicit proceeds in banks throughout England are facing prison sentences following convictions announced Wednesday by the UK National Crime Agency (NCA). The group made millions of pounds selling heroin, cocaine and ketamine across the country and laundered the cash through… Read More
11th June 2019
AP — Internet entrepreneur Kim Dotcom and three of his former colleagues on Monday took their fight against being extradited to the U.S. to New Zealand’s top court. The Supreme Court began hearing arguments in the seven-year-old case after Dotcom and the others lost several previous court rulings. But even… Read More
10th June 2019
UBS looks set to agree a 100 million euro ($113 million) settlement of a money laundering and tax case in Italy within the next few weeks, according to people familiar with the matter, in contrast to a similar case in France. Switzerland’s biggest bank is battling a number of court… Read More
10th June 2019
The Australian government has confiscated three properties from a Chinese national after a joint money-laundering investigation with China, police said on Saturday. The Melbourne real estate was owned by a 32-year-old Chinese national who had been using an assumed name and had relocated to the Caribbean, the Australian Federal Police… Read More
7th June 2019
AP — Authorities in El Salvador say ex-President Tony Saca has reached a deal to plead guilty to bribing a judicial official to leak information in a civil case against him. Prosecutors say in a legal document that Saca will face an abbreviated judicial process and be given a two-year… Read More
6th June 2019
Over $267 million has been seized from an account maintained for former Nigerian head-of-state Sani Abacha, according to the Bailiwick of Jersey. The funds, which have been transferred to Jersey’s Civil Asset Recovery Fund, were derived from corruption and laundered through the US banking system with aid of Abacha’s son… Read More
5th June 2019
AP — The owner of a contracting company has pleaded guilty to participating in a scheme that defrauded the government by receiving contracts intended for veterans and minorities. Forty-three-year-old Matthew McPherson, owner of Topeka-based McPherson Contractors, pleaded guilty Monday to conspiracy to commit wire fraud and major program fraud. Federal prosecutors… Read More
3rd June 2019
An accountant who once worked for the mastermind behind the U.S. college admissions cheating and bribery scandal has agreed to plead guilty and cooperate in the ongoing investigation, federal prosecutors said on Friday. Steven Masera, who served as the financial officer for the business operated by California college admissions consultant… Read More
31st May 2019
The former owner of UK-based ALCA Fasteners has pleaded guilty to bribing a purchasing manager to secure £12 million in contracts for the company, the Serious Fraud Office said Thursday. Carole Ann Hodson admitted to the scheme, which was conducted between 2011 and 2016, when she served as both the… Read More
31st May 2019
U.S. prosecutors are seeking to sell two luxury condominiums in New York City linked to fugitive financier Low Taek Jho, court documents showed, the latest effort to recover money allegedly stolen from Malaysia’s state fund 1MDB. Low, known as Jho Low, has been charged in Malaysia and the United States… Read More