#money-laundering

#money-laundering

Spanish prosecutors are probing evidence that the company made an inadequate use of public funds approved by the Spanish government on March 9, 2021, and that the bailout money was instead used to pay off previously existing loans. Plus Ultra appears as a signatory and beneficiary of loan agreements with three companies belonging to the criminal organization, and involved in sales of gold, states the documentation seen by EL PAIS.

Spanish officials now believe they have enough evidence to bring criminal charges against Gerry Hutch over a money laundering investigation in the Canary Islands.

Jurors can expect to hear a rollicking Hollywood tale featuring a bidding war (a half-dozen streamers, including Amazon, had vied for the project's rights) and at least one celebrity (Keanu Reeves was an early investor, according to the New York Times.) They'll likely see raw footage from Rinsch's dystopian, AI-themed thriller, "White Horse," turning a federal courtroom in Manhattan into the project's first public screening venue. And they'll hear extensive details of Rinsch's spending - with what prosecutors contend was Netflix's money - on cars, watches, clothing, luxury rentals, and those two very pricey premium mattresses.

Since 2016, Europol said, Cryptomixer facilitated the laundering of 1.3 billion euros ($1.5 billion) in bitcoin. Hackers and other criminals use laundering services such as Cryptomixer to obfuscate and hide the provenance of their cryptocurrency. By design, cryptocurrencies such as Bitcoin and Ethereum are built on public blockchains that allow law enforcement, as well as blockchain intelligence firms such as Chainalysis and Elliptic, to follow the money over time.

Switzerland's federal prosecutor has filed charges against the failed bank Credit Suisse and its new owner, UBS, over the long-running tuna bonds loan scandal that crashed Mozambique's economy nearly a decade ago. The Swiss attorney general said on Monday that it had brought money-laundering charges against an unnamed employee of Credit Suisse, but was also taking action against the lender and its rival-turned-owner UBS.

But this is not the first time Rocha has been the subject of the authorities' interest. The businessman, with a lavish track record in the corporate world and in the import and export of hydrocarbons in Mexico, is wanted for his involvement in a fuel, weapons, and drug smuggling ring originating in Guatemala that connects him to the Jalisco New Generation Cartel and the Mexico City-based cartel La Union Tepito.

Prosecutors named the defendants as Samy Fadi Khouadja, 45, of France and the United Arab Emirates; Eamma Safi, 38, of the United Arab Emirates and Germany; Zhi Ge, 34, of Singapore; Christophe Dong, 41, of France; Julien Liu, 35, of France and Hong Kong; Patrick Chou, 38, of France and Hong Kong; Cheuk Yue Lee, 43, of Hong Kong; and Dev Ananth Durai, 39, of Singapore.

The NCA said the enterprise benefited criminals globally, from Russian-speaking hackers with millions in cryptocurrency to British street gangs laundering physical cash. Launderers for the group operate in at least 28 UK cities and towns, with couriers collecting cash for crypto conversion. A company linked to one of the network's bosses purchased the bank now facilitating payments supporting the Russian military.

escaped from under the noses of the soldiers guarding him. Zhang, an alleged drug trafficker, managed to get to Cuba and then reportedly all the way to Russia only to be turned back. At the end of October, the Cuban government announced that it had arrested him. The same day he was flown back to Mexico and extradited straight to the US.

Antonietta Nguyen has been sentenced to 36 months in federal prison for her role in orchestrating multiple fraud schemes against ABS Seafood, Inc., a major seafood wholesaler in San Francisco where she had previously served as chief financial officer. U.S. District Judge Susan Illston sentenced Nguyen on Nov.14. She was convicted in June of 12 felony counts, following her arrest in June 2023.

Linda Sun stands accused of being a Chinese agent. She previously served as a high-ranking official at the Chinese Consulate in New York and as an aide to two New York governors, Kathy Hochul and Andrew Cuomo. Sun and her husband, Chris Hu, are charged with money laundering and fraud. Their trial, which will take place in Brooklyn, New York, centers on their alleged years-long work as agents for China.

A former aide to New York Governors Kathy Hochul and Andrew Cuomo is on trial facing charges she acted as an undisclosed agent to the Chinese government in exchange for millions of dollars in business transactions and benefits secured through Chinese officials. Sun is accused of political activities intended to influence the public on China's behalf, and committing wire and visa fraud, money laundering and other financial crimes in procuring a bounty from the Chinese government.

The U.S. Treasury Department's crackdown on Mexican drug trafficking finances has now expanded to include a network of luxury restaurants and casinos in Mexico. The Office of Foreign Assets Control (OFAC) announced Thursday that, in a joint operation with Mexico, it has sanctioned 27 companies accused of allegedly laundering money on behalf of the Sinaloa Cartel. In the crosshairs are businesses owned by the Hysa group in Mexico, Canada, and Poland,

A Samourai Wallet developer was sentenced Thursday to five years in prison for operating a crypto mixing service prosecutors say laundered $237 million in illicit funds. Keonne Rodriguez, the CEO of Samourai Wallet, received the statutory maximum from U.S. District Judge Denise Cote of the Southern District of New York, following an hour-long hearing in Manhattan, according to journalist Frank Corva.

The U.S. Treasury Department on Tuesday imposed sanctions against eight individuals and two entities within North Korea's global financial network for laundering money for various illicit schemes, including cybercrime and information technology (IT) worker fraud. "North Korean state-sponsored hackers steal and launder money to fund the regime's nuclear weapons program," said Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley.

Abdullah At Taqi, 26, was found guilty on all three counts of an indictment charging him and co-defendant Mohammad David Hashimi with conspiring and attempting to provide support to the designated foreign terrorist organization and conspiring to launder money. The defendants collectively sent thousands of dollars in cryptocurrency and wire transfers to a self-proclaimed ISIS member. "The defendants used Bitcoin. PayPal and GoFundMe to fund ISIS's deadly mission," U.S. Attorney for the Eastern District of New York Joseph Nocella said.

The National Basketball Association is now slime-identified with a crew of upstanders known as "Spook," "Peso," "Vez," "Sugar," "Black Tony," "Scruli," and "Doc," thanks to the strenuous efforts of FBI Director Kash Patel to generate a headline. "Current and Former National Basketball Association Players and Four Other Individuals Charged in Widespread Sports Betting and Money Laundering Conspiracy," Patel's press office blared last week.