Money laundering

October 15, 2020 - 11:49 am
LISBON, Portugal (AP) — European and American officials said Thursday that they have arrested 20 people in several countries for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals through malware schemes. The international police operation “...
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September 24, 2020 - 2:29 pm
NICOSIA, Cyprus (AP) — Cyprus’ top oversight body urged lawmakers on Thursday to rethink new legislation that empowers the government to grant citizenship to family members of wealthy investors under the country’s lucrative “golden passport” program. The Cyprus Audit Office said handing passports...
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September 21, 2020 - 8:44 am
Shares of some major banks are tumbling before the market open Monday following a report alleging those including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon continued to profit from illicit dealings with disreputable people and criminal networks despite being...
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FILE - Iin this Jan.13, 2020 file photo, former president of the IAAF (International Association of Athletics Federations) Lamine Diack arrives at the Paris courthouse, Monday, Jan. 13, 2020. A Paris court is delivering its verdict Wednesday Sept. 16, 2020, in the trial of Lamine Diack on corruption, money laundering and breach of trust charges against the one-time supremo of global track and field athletics, and according to prosecutors, creamed off millions for himself, with his son.(AP Photo/Thibault Camus, File)
September 16, 2020 - 11:33 am
PARIS (AP) — Former track federation president Lamine Diack was sentenced Wednesday to two years in prison for corruption during his nearly 16-year tenure at the IAAF, most notably a scheme that allowed Russian athletes who paid millions in hush money to keep competing when they should have been...
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FILE - In this May 22, 2019, file photo, Ariel Quiros, left, former owner of Jay Peak Resort, stands outside the federal courthouse in Burlington, Vt., after his arraignment on fraud charges over a failed plan to build a biotechnology plant using foreign investors' money. The Miami businessman, accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments, is expected to plead guilty in next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. (AP Photo/Lisa Rathke, File)
August 14, 2020 - 11:16 am
BURLINGTON, Vt. (AP) — A Miami businessman accused of being the mastermind behind the largest fraud case in Vermont's history pleaded guilty on Friday over a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors' money. Ariel Quiros, 64, the former owner...
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Former Malaysian Prime Minister Najib Razak speaks at the court house in Kuala Lumpur, Malaysia, Tuesday, July 28, 2020. A court has sentenced Najib to serve 12 years in prison after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of a state investment fund that brought down his government two years ago. (AP Photo/Vincent Thian)
July 28, 2020 - 8:48 am
KUALA LUMPUR, Malaysia (AP) — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB state investment fund that brought down his...
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FILE - This March 12, 2019, file photo shows the University Village area of the University of Southern California, in Los Angeles. A California couple has agreed to plead guilty to paying $250,000 to get their daughter into the University of Southern California as a fake volleyball recruit. (AP Photo/Reed Saxon, File)
July 10, 2020 - 8:42 pm
BOSTON (AP) — A California couple agreed Friday to plead guilty to paying $250,000 to get their daughter into the University of Southern California as a fake volleyball recruit. Diane Blake and Todd Blake will plead guilty in front of a judge at a future date, the U.S. Attorney’s office in Boston...
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FILE - This Feb. 2, 2012 file photo shows former lobbyist Jack Abramoff speaking in Washington. U.S. officials say Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure. U.S. Attorney David Anderson said Thursday, June 25, 2020, Abramoff of Silver Spring, Maryland, has agreed to plead guilty to criminal conspiracy charges and could face up to five years in jail. (AP Photo/Charles Dharapak, File)
June 25, 2020 - 9:31 pm
SAN FRANCISCO (AP) — Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday. U.S. Attorney David...
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June 25, 2020 - 10:23 am
STOCKHOLM (AP) — A big Scandinavian bank is suspected of having failed to stop money laundering, the latest in a series of banks from the region to get caught handling dirty money. Sweden’s financial supervisory authority said Thursday it had imposed an administrative fine of 1 billion kronor ($150...
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June 24, 2020 - 5:31 pm
ATLANTA (AP) — A reality television star who appeared on the show “Love & Hip Hop: Atlanta” was indicted Wednesday for allegedly using coronavirus relief funds intended to help small businesses survive to pay for luxuries such as a Rolls-Royce and custom jewelry, federal officials said. In a...
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