10th Annual National Money Laundering Symposium at Osgoode Hall Law School

Tweet The agenda is out for the upcoming 10th Annual National Symposium on Money Laundering in Toronto on April 4, 2014. The Symposium includes sessions on the following: Report from Gerald Cossette, Director of FINTRAC on Current Money Laundering and Terrorist Financing Trends in Canada. Financial Institution Lessons Learned from US and Canada on Money […]

“If I had been a better lawyer…” Scott Rothstein’s wife and her lawyer sentenced in Ponzi scheme money laundering case

Tweet Kim Rothstein, the so-called “free-spending” wife of Scott Rothstein, was sentenced to 18 months in jail yesterday for plotting to hide over $1 million worth of jewelry to avoid it being seized as proceeds of crime. Mr. Rothstein is a former lawyer incarcerated for running a $1.4 billion Ponzi scheme through the trust accounts […]

Liberty Reserve founder pleads guilty to money laundering

Tweet Money laundering conviction The US government announced that one of the co-founders of Liberty Reserve, Vladimir Kats, pleaded guilty to money laundering and operating an unlicensed money transmitting business yesterday. The US government found that Liberty Reserve was one of the world’s most popular virtual currency services. It’s co-founders were indicted in the U.S. in […]

New York’s so-called “Lady Pimp” sentenced

Tweet Money laundering sentence The so-called “Lady Pimp” of New York City, Jay King, has been sentenced to three years in prison for running a prostitution operation in three states using escorts. King pleaded guilty to enterprise corruption and money laundering in connection with the operation. Several men who were clients were also either indicted […]

Two UK men convicted of money laundering in connection with carbon fraud in one of first green collar convictions

Tweet Two men in the U.K. were convicted this week of money laundering and fraud in one of the first green collar crime cases, and certainly one of the first cases involving Canada. The two men, David John Downes and Ian David Macdonald, sold shares in entities which claimed to own carbon credits, raising upwards […]

New York’s most expensive escort pleads guilty to money laundering

Tweet Former escort admits to money laundering Natalia McLennan, once touted as New York’s most expensive escort at $2,000 per hour, pleaded guilty to money laundering in New York City in connection with the operation of the New York escort agency, New York Confidential, where she worked as a prostitute. McLennan, who is from Montreal, […]

Canadian pleads guilty to money laundering in US over online gambling

Tweet 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 […]

Convicted lawyer Scott Rothstein’s wife charged with money laundering

Tweet 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 […]