Category Archives: Money laundering

Money laundering

Local Lawyer Admits to Money Laundering, Conspiracy

A local attorney admitted Tuesday that he took part in an unlicensed money transmitting business that illegally conducted nearly $12 million worth of international financial transactions in violation of the Bank Secrecy Act.

In his plea agreement, attorney Richard Medina admitted that he was involved in the operation of a commercial enterprise that collected cash from clients in the United States and transferred the money to points around the world without registering the business with the Secretary of the Treasury, as required by law.

Medina, 39, also pleaded guilty to a conspiracy charge. His sentencing is set for Dec. 7.

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Money laundering

U.S. charges three in multibillion-dollar drug money laundering scheme

NEW YORK, (Reuters) – U.S. authorities have charged three Colombian nationals with helping to run a global money laundering network that processed billions of dollars in drug trafficking profits through bank accounts in China and Hong Kong.

The Guangzhou, China-based organization brought in at least $5 billion in drug proceeds from the United States, Mexico, Colombia, Panama, Guatemala and Canada, as well as parts of Africa and Europe, according to an indictment unsealed yesterday in federal court in Brooklyn, New York.

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Money laundering

DOJ Investigating Deutsche Bank On Possible Ties to Russian Money Laundering

The U.S. Department of Justice is investigating Germany’s Deutsche Bank (DB) for possibly laundering as much as $6 billion for Russian clients through the use of “mirror trades.” The investigation centers on whether Deutsche Bank traded securities for its Russian clients from Russian rubles to U.S. dollars to allow its clients to move money out of the country without properly informing authorities.

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Money laundering

‘It was off the wall’: FL police laundered millions in drug money overseas and enjoyed lavish lifestyle

An investigative report by the Miami Herald published today reveals that two local Florida police agencies engaged in a slick money laundering scheme ripped from a Hollywood movie, reaping a whopping $2.4 million for themselves in drug money.

The Tri-County Task Force, which consisted of officers from two small police agencies, the Glade County Sheriff’s Office and Bal Harbour Police Department, laundered millions of dollars via SunTrust Bank through countries including Panama and China, the Herald found.

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Fraud, Money laundering

Montana man sentenced for fraud, money laundering in case involving $70M in phone charges

MISSOULA, Montana — A federal judge sentenced a Montana man Friday to two years in prison after prosecutors said he tricked people into paying as much as $70 million in unauthorized charges that were placed on phone bills nationwide.

Steven Sann also was ordered to forfeit $500,000 during the sentencing by U.S. District Judge Dana Christensen in Missoula. Prosecutors said he had transferred that amount to his personal investment accounts.

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Fraud, Identity Theft, Money laundering

Six Men Indicted on Charges of Identity Theft, Fraud, and Money Laundering

ALEXANDRIA, VA—In an 18-count indictment unsealed today, six men were charged by a federal grand jury with aggravated identity theft, fraud, money laundering, and conspiracy.

The men charged in the indictment are: Ray Ekobena, 27, of Alexandria; Stefan Ekobena, 24, and Gani Cole, 27, both of Atlanta, Georgia; Rodney Hardy, 25, of Hyattsville, Maryland; Deallto Davis, 20, and Jerome Robinson, 32, both of Washington, D.C.

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