Fake cars, real cash: How a multimillion-dollar Romanian scheme imploded in Kentucky
16th November 2020
Fake cars, real cash: How a multimillion-dollar Romanian scheme imploded in Kentucky
A Romanian fraud enterprise made more than $2.7 million by scamming Americans before a Kentucky money launderer-turned federal informant ruptured the operation from within. The scheme took advantage of victims who thought they were buying cars online via Amazon, AutoTrader, eBay and the like with official-looking documents to prove it. Read More
The Sentry: African conflict gold is being laundered in Dubai
16th November 2020
The Sentry: African conflict gold is being laundered in Dubai
By David Klein, OCCRP, 13 November 2020 OCCRP – The years-long rise in international gold prices has driven a new artisanal gold mining and refining rush in conflict-affected areas in East and Central Africa and has turned the United Arab Emirates into the foremost launderer of such gold, according… Read More
‘Colombia’s largest banking corporation evaded money laundering regulations’
16th November 2020
‘Colombia’s largest banking corporation evaded money laundering regulations’
Colombia’s banking watchdog fined one of the banks of Colombia’s richest man for the 12th time for evading money laundering prevention regulations, according to local media. The Superintendent for Finance’s imposed the $137,000 fine on the Banco de Occidente, one of the banks of Luis Carlos Sarmiento‘s banking conglomerate… Read More
Croatian Ex-Premier Sanader Convicted in Slush Fund Case Retrial
16th November 2020
Croatian Ex-Premier Sanader Convicted in Slush Fund Case Retrial
Ten years after his juridical procedures first started, Zagreb County Court on Friday sentenced former Prime Minister Ivo Sanader, also a former leader of the governing Croatian Democratic Union, HDZ, to eight years in jail after finding him guilty in a corruption affair. He may appeal the verdict. Together with… Read More
Call for three-year ban on EY bidding on public contracts
16th November 2020
Call for three-year ban on EY bidding on public contracts
A prominent anti-corruption campaign group is calling on the government to ban EY from bidding on public contracts for three years, accusing the big four accounting and consultancy group of “recurring professional misconduct”. Spotlight on Corruption has written to the Crown Procurement Service asking it to examine if business… Read More
Feds: Drug-money scheme funneled $10M through Arizona bank
16th November 2020
Feds: Drug-money scheme funneled $10M through Arizona bank
A money laundering scheme funneled more than $10 million in drug proceeds through a bank in Arizona, federal prosecutors say. The flood of money began with drug sales in at least 15 states and ended up in bank accounts in Mexico, according to documents filed in U.S. District Court in… Read More
Wells Fargo ex-CEO settles SEC claims, former consumer-unit head faces fraud case
16th November 2020
Wells Fargo ex-CEO settles SEC claims, former consumer-unit head faces fraud case
Former Wells Fargo & Co. chief executive John Stumpf agreed Friday to pay $2.5 million to settle civil claims over his role in the bank’s fake accounts scandal, while regulators sued another departed Wells executive over fraud allegations. Mr. Stumpf, who stepped down from his top post… Read More
Two Czech nationals caught leaving London for Dubai with cash-filled suitcases
16th November 2020
Two Czech nationals caught leaving London for Dubai with cash-filled suitcases
Two Czech nationals caught at London’s Heathrow airport bound for Dubai with 1.2 million pounds ($1.58 million) in their suitcases have been charged with money laundering, the British government said on Friday. The pair, a man aged 37 and a woman aged 26, were stopped by border officials at 0900… Read More
JPMorgan to Reveal Bankers Who Approved Suspicious Transfers
13th November 2020
JPMorgan to Reveal Bankers Who Approved Suspicious Transfers
JPMorgan Chase & Co. agreed to identify any bank officials who signed off on $875 million of transfers to a former Nigerian oil minister, after the government said that some of the lender’s own managers expressed concerns. The west African nation has accused the U.S. bank in a London… Read More
Hunt for Moscow Financier Owing Millions Leads to Mojave
13th November 2020
Hunt for Moscow Financier Owing Millions Leads to Mojave
German Lillevali can thank the coronavirus for getting out of an immigration facility in the California desert, but his troubles are far from over. The former financier had changed his name and left Moscow two years ago owing clients millions before being detained in the U.S. for overstaying his visa. Read More
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