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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: November 17, 2023

Written by FinCrimeNovember 17, 2023

Backpage founder convicted of money laundering; Arizona jury deadlocks on 84 other counts

Reported by JACQUES BILLEAUD Associated Press Michael Lacey, a founder of the lucrative classified site Backpage.com, was convicted Thursday on a single count of money laundering and acquitted on another. But an Arizona jury deadlocked on 84 other counts against him in a case that alleged he participated in a scheme to sell sex ads, leading […]

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