Category Archives: Money laundering

Former Deschutes Sheriff Captain Indicted For Money Laundering

Bend, Ore. – A former Deschutes County sheriff’s captain is accused of stealing more than $200,000 from the Central Oregon Drug Enforcement Team. Scott Beard was fired Friday after FBI agents took him into custody for theft, money laundering, and passport fraud.

Deschutes County Sheriff Shane Nelson says he became aware of discrepancies in confidential funds managed by Beard back in September, 2015. During the past 5 months, Nelson agreed with the FBI and U.S. Attorney’s Office to give the federal criminal investigation priority over taking employment action against Beard. That criminal investigation resulted in a federal criminal indictment Wednesday.

Nelson says a transition audit revealed the discrepancies done upon him taking office. These accounts involved investigative funds, which were used by the Central Oregon Drug Enforcement Team and Deschutes County Sheriff’s Office detectives.


NJ woman pleads guilty to scamming millions of dollars from the elderly

A 60-year-old Linwood woman pleaded guilty Monday to money laundering for her involvement in a scheme with her sister and an attorney to steal millions of dollars from elderly clients of an in-home senior care company in Atlantic County.

According to Acting Attorney General John Hoffman, charges against Sondra Steen came following an investigation by New Jersey State Police and the Division of Criminal Justice. Authority said Steen was indicted on March 16, 2015 along with her sister Jan Van Holt, 59, of Linwood. Van Holt is the owner of A Better Choice, a company that offered elderly clients in-home care and legal financial planning.

Also indicted were Susan Hamlett, 56, of Egg Harbor Township, who worked as an aide for company clients as well as William Price, 57, of Linwood, “who has since pleaded guilty to taking part in the scheme and stealing $125,000 from an elderly couple he met as a caseworker for Atlantic County Adult Protective Services,” Hoffman said.

Read More: NJ woman pleads guilty to scamming millions of dollars from the elderly |

California man pleads guilty in $37M Cisco Systems fraud

SAN JOSE, Calif. (AP) – A San Jose man has been convicted of charges stemming from allegations he sold products stolen from Cisco Systems, Inc. in a fraud scheme that raked in $37 million.

Federal prosecutors say 45-year-old Cuong Cao Dang pleaded guilty on Friday to conspiracy to commit mail fraud, substantive wire fraud, money laundering and engaging in financial transactions using criminally derived proceeds. He is scheduled to be sentenced in March and faces as much as 70 years in prison.


American River College instructor quits after pleading guilty to fraud against tribe

American River College business instructor Gregory Scott Baker resigned last week after pleading guilty Nov. 5 to conspiring to commit mail and wire fraud, conspiring to commit money laundering and filing a false tax return.

The college accepted his resignation, which will be effective Dec. 18, said Ryan Cox, associate vice chancellor of human resources for the Los Rios Community College District.

Despite being under a federal indictment for fraud, Baker continued to teach classes at American River College until his plea agreement earlier this month, when he was put on paid administrative leave. Although Baker was initially removed from the classroom in 2012, he was allowed to return in 2013 with a reduced course load that eventually returned to full time, Cox said.

Vatican Bank accused of money laundering, insider trading and market manipulation after investigation

Vatican investigators have accused the shadowy organisation known as the Pope’s merchant bank of money laundering,insider trading and market manipulation, it has emerged.

Details of the alleged crimes committed by the institution, the Administration of the Patrimony of the Holy See (APSA), said to have been between 2000 and 2011, have been passed to authorities in Italy and Switzerland. Investigators say the illicit activity involved bank accounts held in these countries.


Feds open probe of Bal Harbour police money laundering

After years of rampant abuses by undercover Bal Harbour police, the U.S. Justice Department is investigating the millions taken in by the officers who turned a money-laundering sting into a major cash enterprise, spending lavishly on travel and luxury hotels without making a single arrest.

The U.S. Attorney’s Office in Chicago and the Internal Revenue Service carted away hundreds of confidential files last week of the Tri-County Task Force, including records that show the officers regularly withdrew large amounts of cash from the bank with no receipts to show where it went, according to people familiar with the investigation.

Newport lawyer faces more charges of stealing from clients

Prosecutors this week added a handful of charges against a Newport Beach lawyer who was indicted in September on allegations of stealing $4.7 million from his clients instead of investing the money as promised.

A new indictment by a federal grand jury on Tuesday alleges that Stephen Young Kang, 46, stole an additional $1 million from three clients who wanted to invest it in a way that would help them secure visas to the United States.


Former sergeant admits he helped launder prostitution money

A former Snohomish County sheriff’s sergeant admitted Thursday he ignored his duty and helped launder money he knew came from a multimillion-dollar prostitution operation that transformed roadside coffee huts into drive-through brothels.

Darrell O’Neill, 60, pleaded guilty to one count of felony conspiracy to commit money laundering and two counts of misdemeanor official misconduct. He faces up to a year in jail.

Thursday’s Snohomish County Superior Court hearing came roughly a week before O’Neill was scheduled to face trial on the more serious charge of second-degree promoting prostitution. That offense carried the prospect of a longer prison sentence because prosectors were alleging aggravating circumstances, including the deputy’s abuse of his position of trust and the amount of money involved.


Tampa auto dealer pleads guilty to $1.75M money laundering conspiracy

An auto dealer in Tampa has pleaded guilty to taking part in a money laundering conspiracy and faces up to 20 years in federal prison.