Reported by: Guardian staff and agencies A former Miami congressman who signed a $50m consulting contract with Venezuela’s socialist government was arrested on Monday on charges of money laundering and representing a foreign government without registering. David Rivera, a Republican who served in the US House from 2011 to 2013, was arrested at Atlanta’s airport, authorities said. […]
Reported by the FACT Coalition The Financial Accountability and Corporate Transparency (FACT) Coalition applauds today’s announcement by Jake Sullivan, National Security Advisor to the President, of the Biden Administration’s “full support” for the Establishing New Authorities for Business Laundering and Enabling Risks to Security (ENABLERS) Act. The ENABLERS Act would close dangerous loopholes in the U.S. anti-money […]
Reported by: Samantha-Jo Roth, Congressional Reporter A bipartisan group of senators is working to attach major marijuanalegislation to “must-pass” year-end defense legislation expected on the floor later this week. Senate Majority Leader Chuck Schumer (D-NY) and Sen. Jeff Merkley (D-OR) have been working with Republican Sens. Steve Daines (R-MT), Rand Paul (R-KY), and Dan Sullivan (R-AK) to […]
Reported by: David Gauthier-Villars French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon’s central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter, according […]
Reported by: JIM MUSTIAN and JOSHUA GOODMAN José Irizarry accepts that he’s known as the most corrupt agent in U.S. Drug Enforcement Administration history, admitting he “became another man” in conspiring with Colombian cartels to build a lavish lifestyle of expensive sports cars, Tiffany jewels and paramours around the world. But as he used his […]
Reported by: Steve Mollman FTX founder Sam Bankman-Fried should be in custody by now, as far as Brian Armstrong is concerned. The CoinbaseCEO said this week it’s “baffling to me why he’s not in custody already.” “The DOJ or somebody should be able to make—just based on his public statements, I think there’s a very open […]
Reported by: Vincent Ryan The Securities and Exchange Commission received 12,322 whistleblower tips in fiscal year 2022 — the most ever and a slight increase from 2021, according to its annual report to Congress. But allegations of cryptocurrency fraud continue to grow, from 289 in 2019, to 369 in 2020, 762 in 2021, and 1,718 in 2022. […]
Reported by: Stacy Cowley Top executives from two small start-ups that reaped billions of dollars in fees for facilitating Paycheck Protection Program loans turned a blind eye to extensive fraud among their applicants and appear to have themselves collected large relief loans for which they were ineligible, according to a report released Thursday by Democratic […]
Reported by: U.S. Attorney’s Office, Eastern District of Texas According to court documents unsealed today, 21 individuals have been charged for their roles in transnational money laundering networks, including those that laundered millions of dollars stolen from United States fraud victims through romance scams, business email compromises, technical support schemes, and other fraud schemes. U.S. […]
Reported by: JUSTYNA GUDZOWSKA and JONATHAN M. WINER International standards have evolved to include legal professionals among those required to help prevent and report cases of money laundering. But loopholes in US anti-money laundering laws continue to exempt many gatekeepers in the financial system. This includes certain lawyers and accountants, as well as company agents […]
Financial Crime News Briefs 