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 Florida businessman Nevin Shapiro pleaded guilty to running a US$880 million Ponzi scheme. Shapiro was the founder and president of Capitol Investments USA, Inc. (Capitol), a grocery distribution business. He surrendered to the FBI and was arraigned in federal court in New Jersey in April of this year. He was charged with securities fraud […]
Tweet Dalia Preldakaj, a paralegal in the New York law firm of Salvador Collazo, was sentenced today in Manhattan to 78 months in prison for money laundering, witness tampering, immigration application fraud and conspiracy to operate an immigration fraud mill. Collazo is a former Acting Justice of the New York State Supreme Court who was […]
Tweet South Carolina tax lawyer, John O’Connor, pleaded guilty today to a charge of money laundering in connection with his involvement in a conspiracy to liquidate and conceal money stolen by a former client. The former client, William Trier, embezzled approximately US$5 million over a ten year period from his employer by creating phoney invoices […]
Tweet The U.S. federal regulatory agency, Financial Crimes Enforcement Network (FinCEN), is proposing amendments to the Bank Secrecy Act regulations that would regulate prepaid cards and similar devices in the U.S. The proposal covers plastic cards, mobile phones, electronic serial numbers, key fobs and mechanisms that provide a portal to funds that have been paid […]
Tweet Canada needs to improve its anti-money laundering efforts in several areas, according to the 2010 Money Laundering Report published by the U.S. Department of State. Canada was among 61 countries identified as major money laundering countries in 2009. Others include Afghanistan, Austria, Brazil, Cayman Islands, China, Greece, India, Iran, Italy, Lebanon, Lichtenstein, Mexico, Pakistan, […]
Tweet Steven Rondos, a Brooklyn lawyer who admitted stealing US$4 million from the trust accounts of 23 disabled or incapacitated clients, was sentenced to 15 years in prison today in New York. Rondos was the court-appointed legal guardian in charge of supervising the guardianship accounts of clients who were incapacitated. He used some of the […]
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 […]
Tweet According to a report in the Wall Street Journal, prosecutors in the U.S. and UK are investigating the role of prominent Canadian businessman, Victor Dahdaleh as part of a bribery and money laundering investigation of Alcoa Inc. under the Foreign Corrupt Practices Act. Mr. Dahdaleh’s London premises were raided and documents seized as part of the […]
Tweet Thomas Petters, a Missouri businessman, was sentenced to 50 years in jail today for carrying out a Ponzi scheme that netted about US$3.7 billion over a 16-year period. In December 2009, Petters was convicted of several charges including conspiracy to commit money laundering, and money laundering. Petters’ company, Petters Worldwide Group, once owned Polaroid. […]