The 2013 International Narcotics Control Strategy Report (“INCSR“) published this month by the U.S. Department of State, particularly volume I on the drug trafficking trade, is more favourable of Canada than the last two years, primarily as a result of the enactment in Canada of the Omnibus Crime Bill C-10, know as the Safe Streets and [...]
Nelson Burtnick, the Canadian executive who was indicted for money laundering in April 2011 in connection with his role operating the Full Tilt Poker gambling website, pleaded guilty to money laundering today. He was indicted, along with several others, for money laundering, bank fraud, and illegal gambling for disguising payments from U.S. gamblers as payments [...]
Lawrence Davidson, a once prominent lawyer in Las Vegas, was sentenced today to 8 years in prison for money laundering and mail fraud. Davidson was indicted in 2005 on charges that he negotiated 17 settlements totaling USD$936,300 over 14 months for clients without their permission. His case spun off a corruption case in Las Vegas involving [...]
In a much anticipated move, Kim Rothstein, the so-called “free-spending” wife of Scott Rothstein, the Florida lawyer convicted of money laundering for running a Ponzi scheme through his now-defunct law firm, has been charged with conspiracy to commit money laundering. Kim Rothstein’s lawyer, Scott Saidel and her close friend, Stacie Weisman, were also charged with [...]
Former New York Mets all-star outfielder, Lenny Dykstra, pleaded guilty in U.S. District Court today in LA to money laundering, bankruptcy fraud and concealment of assets for hiding and selling sports memorabilia that were assets that were supposed to be included in his bankruptcy filing. After filing for bankruptcy, Dykstra is alleged to have sold [...]
New York lawyer Matthew Kluger was sentenced yesterday in federal court in New Jersey to 12 years in prison for insider trading. His sentence is the longest term ever imposed for that crime in the U.S. Kruger stole undisclosed transactional information on approximately 30 deals when he was a corporate lawyer with several U.S. law [...]
Robert Allen Stanford, formerly one of the richest men in the world, was convicted in federal court in Texas today of money laundering and fraud in connection with operating a US$7 billion Ponzi scheme. The 61-year-old could face more than 50 years in jail at sentencing. U.S. authorities are waiting for a federal jury to [...]
Two Somali women, who became US naturalized citizens, were convicted today in federal court in Minnesota of terrorist financing for providing material support to al-Shabaab, a listed terrorist entity in both the US and Canada. The two women collected funds from Somali foreign nationals in Canada and the US during a three year period and [...]
A former executive at Bennett Environmental Inc., a Canadian based corporation that treats and disposes of contaminated soil was sentenced to 50 months in prison today for money laundering and defrauding the EPA. The executive, Robert Griffiths, was also ordered to pay restitution of US$4.6 million. Griffiths pleaded guilty in 2009 to defrauding the EPA [...]
Spanish lawyer Fernando del Valle, whom we wrote about here, was convicted of money laundering and sentenced to six years in prison and ordered to pay €3.4 million in fines. Authorities believe del Valle laundered up to €250 million through his law firm in Spain’s exclusive Marbella region. The case was one of the largest [...]