Tweet The RCMP have arrested seven Calgary-area residents in connection with what they are calling a massive money laundering scheme tied to illegal gambling and drug trafficking. The two-year investigation, dubbed “Operation Kwadrant,” was initiated from incidents of suspected money laundering at a local casino. During the raid, police seized two Lamborghinis, two Porsches and […]
Tweet Several of the people named in today’s nationwide crackdown in the U.S. known as “Operation Broken Trust” have been charged, and in some cases already convicted, of money laundering. Operation Broken Trust is the first national effort in the U.S. aimed at cracking down on investment fraud schemes. It involved enforcement actions against 343 […]
Tweet Colombia’s alleged ‘king of money laundering’ Oscar Fernando Cuevas, was arrested yesterday in Colombia, under an extradition warrant from Spain. According to Colombia Reports, Cuevas made a fortune laundering money for the now-defunct Cali Cartel and the Revolutionary Armed Forces of Colombia (known as FARC) and is alleged to have laundered more drug money than […]
Tweet According to the Malaysian Star newspaper, four directors of Genneva Sdn Bhd, a Malaysian corporation with operations in Malaysia, China, Hong Kong and Singapore, were charged this week with 796 counts of money laundering in Malaysia. The directors – Ng Poh Weng, Marcus Yee Yuen Seng, Chin Wai Leong and Liew Chee Wah are […]
Tweet Case Studies on Lawyers & Money Laundering Scott Rothstein The 50-year prison sentence imposed on Scott Rothstein in July of this year for running a US$1.2 billion Ponzi scheme from his Florida law firm, money laundering and stealing client trust funds, is the latest in a series of high-profile money laundering cases involving lawyers […]
Tweet Spanish authorities today announced the arrest of 41 people in Spain as part of a 200 million Euro money laundering investigation involving proceeds from an alleged drug trafficking ring linked to the Revolutionary Armed Forces of Columbia, also known as FARC. Spanish authorities say they were able to track money transferred from the sale […]
Tweet Suresh Sriskandarajah, also know as “Waterloo Suresh,” a Sri Lankan refugee to Canada being sought by the U.S. on terrorism and money laundering charges, is free on bail while the Ontario Court of Appeal decides whether to allow his appeal of a decision by the Ontario Superior Court of Justice granting an order committing […]
Tweet The US Attorney for the Southern District of New York today announced the filing of an indictment (Download Younis Indictment) charging Mohammad Younis with operating an unlicensed money transfer business that allegedly facilitated the attempted car bombing in New York City’s Time Square on May 1, 2010. According to the indictment, Younis provided money transmitting […]
Tweet Former Panamanian President Manuel Noriega was extradited to France from the U.S. on an extradition warrant to face charges that he laundered US$3.15 million in drug profits through transactions that included buying luxurious apartments in Paris. Noriega was in jail serving a sentence for multiple charges, including drug trafficking in the U.S. from 1990 […]
Tweet The U.S. Attorney’s Office announced today that an Australian foreign national, Daniel Tzvetkoff, was arrested in Las Vegas on charges that he assisted illegal Internet gambling companies process about US$500 million in transactions for American gamblers. An indictment against Tzvetkoff was unsealed in Manhattan federal court today. It alleges that Tzvetkoff operated a payment […]