Category Archives: Money laundering

New Jersey man sentenced for role in Russian uranium bribe scheme

A New Jersey man has been sentenced to a year and a day in prison for conspiracy to commit money laundering in connection with his role in arranging bribes for the awarding of contracts with Russia’s state-owned nuclear energy corporation, the U.S. Justice Department said on Monday.

Boris Rubizhevsky, 67, of Closter, New Jersey, was sentenced to prison along with three years of supervised release and a $26,500 fine by U.S. District Judge Theodore D. Chuang for the District of Maryland, the department said in a statement.

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U.S. loses $2.3 trillion in tax revenue due to strategic mispricing of international trade goods, according to FIU professor

MIAMI, Aug. 2, 2016 /PRNewswire-USNewswire/ — Trillions of dollars may be missing from U.S. government coffers due to widespread corporate tax evasion and criminal money laundering strategies.

FIU College of Business professor John Zdanowicz conducted an analysis of 12 years’ worth of U.S. Customs data and found that abnormally priced goods imported and exported by U.S. companies are masking complex tax avoidance strategies that have cost the U.S. government more than $2.3 trillion in revenue from 2003 to 2014.

Called false invoicing, it is the same kind of scheme used to fund domestic terrorism by moving money into the U.S., and moving proceeds of illegal activities, such as drug profits, out of the United States undetected.

“Criminals and tax evaders have discovered that laundering money through the banking system is dangerous, especially with the new financial institution reporting requirements under the Patriot Act and other banking regulations,” Zdanowicz said.  “However, moving money through international trade can be virtually undetectable.”


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Judge sets date to sentence former nonprofit CEO Jonathan Dunning

A federal judge has set Oct. 14 as the day she will impose a sentence on Birmingham Health Care CEO Jonathan Dunning on numerous counts related to health care fraud.

On June 17, a federal jury found Dunning guilty on 98counts of conspiracy, wire fraud, bank fraud and money laundering.

The maximum prison penalty for conspiracy is five years, for wire fraud and money laundering the maximum is 20 years, and for bank fraud, 30 years, according to the U.S. Attorney’s Office.



US postal worker among 6 charged in narcotics, money laundering conspiracy

NEW YORK — A two count indictment unsealed Wednesday in Brooklyn federal court charged six people with conspiracy to distribute cocaine and/or money laundering.  The indictments follow an investigation by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI), United States Postal Inspection Service, Office of Inspector General (OIG).

The defendants allegedly conspired to transport cocaine through the U.S. mail from Puerto Rico to New York.  On Wednesday, HSI agents arrested, Jermaine Sandifer, a U.S. postal carrier assigned to the Highbridge postal station in the Bronx.



Mother of ‘Affluenza’ Teen Indicted on Money Laundering Charge

The mother of the “affluenza teen” Ethan Couch was charged with aiding her son in his escape to Mexico last year.

A grand jury Thursday indicted Tonya Couch on charges including hindering apprehension and money laundering, according to a report by the Associated Press. Couch and her son were taken into custody in December after the two fled to Mexico after a video surfaced online of her son drinking, which violated his probation.


Jury convicts former Alaska prosecutor in state’s largest-ever money laundering case


A federal jury has found former municipal prosecutor and Anchorage businessman Mark Avery guilty of three counts of wire fraud totaling $31 million, six counts of money laundering, one count of bank fraud, and one count of making false statements to a back. All counts are felonies. The verdicts are the largest money laundering convictions ever prosecuted in Alaska, according to federal prosecutors.