Proceeds of crime from US$550 million Ponzi scheme run by “obscenely greedy con artists”, including diamonds, gold coins, sports memorabilia, art, comic books, go on sale at online auction next week as Covid-19 solution

The proceeds of crime from a massive US$550 million Ponzi scheme perpetrated by two convicted fraudsters in the US – Kevin Merrill and Jay Ledford – are being auctioned at an online auction house starting next week, in part because of Covid-19. Diamonds, sports memorabilia, art, gold coins, comic book from securities fraud being sold […]

A lawyer like no other: Albert Battel, the Nazi lawyer who defied the SS to save Polish Jews from an extermination camp

Almost three years after the German Army invaded Poland, the Nazis started to implement the final solution in Poland, and in 1942, established the first of many extermination camps in which millions of Jews would perish. One of those camps was Bełżec. In the midst of those 1942 mass deportations of Polish Jews to extermination camps, […]

US unseals money laundering indictment against owner of Bitcoin mixing service that was used by Canadian darknet site

Indictment for mixing service On February 13, 2020, the US government unsealed an indictment against Larry Dean Harmon, the alleged founder of a Bitcoin mixing Bitcoin service, and of a darknet search engine that hooked up with the now-defunct illegal Canadian darknet site called AlphaBay. The mixing service was called Helix and the darknet search […]

UK Bitcoin drug dealer who imported illegal drugs from Canada on the darknet, sentenced to 8 years in jail

A UK man, Paul Johnson, was sentenced to eight years in jail in the UK for operating a darknet drug trafficking business from the attic of his home. In order to obfuscate what he was doing, he set up a company called “Labrador Tea Company” and used it to buy illegal drugs from Canadians in […]

Narcos Canada: Canadian banks & professions deal with significant proceeds of crime from narco trafficking and serious crimes; Canada listed again as “major money laundering country”; plus 10 money laundering areas of concern identified by the US for Canada

Canada still on the Majors List Canada made it on the “Majors List” in the annual US State Department’s International Narcotics Control Strategy Report (“INCSR“) again this year. The Majors List is three lists and it designates countries that are (1) “Major Illicit Drug Producing and Drug Transit Countries”; (2) “Major Precursor Chemical Source Countries”; […]

Canadian accused of money laundering as part of sophisticated lawyer-concocted shell operation to hide proceeds of crime, extradited to New York and indicted

A Canadian charged with money laundering, Enzo Vettesse, was extradited to New York last week and a 2013 sealed indictment against him, was unsealed. On March 18, 2013, Montrealer Vettesse was caught in New York transporting a suitcase filled with US$245,000 in cash and confessed to US law enforcement that he was traveling with the […]

Two bank employees charged with money laundering and creating “doctored” bank records to steal over $1 million

In the Southern District of New York, two employees of a large national bank were charged with money laundering, bribery and wire fraud in connection with activities they allegedly undertook to create “doctored” bank records in order to steal over $1 million. Specifically, the US government alleges that they knowingly devised a scheme to defraud […]

Two crypto dudes who allegedly blew through US$4.5 million on a $22k salary, used customer funds to live in a mansion together, take a private jet, gamble at casinos and drive around in exotic fast cars, charged with money laundering

Two Bitcoin guys, one who called himself the “Krypto King”, were charged in Arizona with money laundering and wire fraud after an investigation by the US Secret Service. According to material filed in the case, they are alleged to have used US$4.5 million of money that belonged to customers to live a lavish lifestyle that […]

US considering two anti-money laundering bills to force disclosure of shareholders of private companies

In what will be the most significant change to anti-money laundering law in the US since the Bank Secrecy Act, the US is considering two separate bills that, if passed, would require disclosure of the shareholders of private companies – the ILLICIT CASH Act and the Corporate Transparency Act, H.R. 2513. ILLICIT Cash Act The […]