Money Laundering - Page 3

A Venezuelan money laundering investigator currently seeking asylum in the United States claims his research has unveiled at least $800 billion of illicit funds have been laundered through Venezuela.

A federal judge sentenced a Kentucky woman to 66 months behind bars for engaging in nearly $409,000 worth of food stamp fraud.

Breitbart News Senior Editor at Large Peter Schweizer, president of the Government Accountability Institute, joined Tuesday’s Breitbart News Daily to discuss independent counsel Robert Mueller’s investigation with SiriusXM host Alex Marlow.

A top politician who at one time served as the Secretary of Finance for the Mexican State of Tabasco is now wanted in the U.S. on money laundering charges. While the man remains in Mexico, federal agents arrested his wife this week in Houston.

A lieutenant in the Bario Azteca gang admitted in a San Antonio federal court to his role in a conspiracy to commit murder in a foreign country, racketeering, distributing controlled substances, importing heroin, cocaine and marijuana, and money laundering.

HOUSTON, Texas – A professor of finance at the University of Houston’s Victoria Campus pleaded guilty in federal court to illegally transferring money from synthetic marijuana sales out of the country.

HARLINGEN, Texas — As millions prepare to begin their holiday shopping on Black Friday, federal authorities are warning them to avoid purchasing counterfeit goods.

The CEO of Backpage.com agreed to immediate extradition to California after his arrest in Houston on money laundering and pimping charges. Carl Ferrer was taken into custody on Friday after he arrived at a Houston airport on a flight from Amsterdam. He is now in a California jail.

The AFP and Times of Israel report: The Israeli Supreme Court on Sunday rejected an appeal by an Israeli man against extradition to the US, where he has been charged with selling arms — including spare parts for fighter jets

Prosecutors charged 11 members of a fundamentalist Mormon sect with food stamp fraud and money laundering.

Despite Hillary Clinton’s convention outreach to Sen. Bernie Sanders’s supporters over campaign finance reform — “Your cause is our cause,” she said — Apple CEO Tim Cook is hosting a fundraiser for Clinton at up to $50,000 a ticket.

Bahrain’s top Shiite cleric went on trial Wednesday on charges of illegal fund raising and money laundering, judicial sources said, just weeks after the Sunni-ruled kingdom revoked his citizenship.

Guilty was the verdict on all 29 federal corruption charges against Democrat Rep. Chaka Fattah Sr. (PA), a lobbyist, a member of Fattah’s congressional staff, and associates on Tuesday.

U.S. federal agents arrested a former Mexican official with strong political connections on Thursday night in San Antonio, Texas. The man was arrested on money laundering charges along with 15 other people.

Two Mexican nationals have been extradited from Mexico and are facing trial in connection with the murder of ICE Special Agent Jaime Zapata, and attempted murder of ICE Special Agent Victor Avila. The two agents were ambushed in Mexico in February of 2011.

The UK Independent reports that “at least three dozen Americans with legal entanglements in their personal histories did business” with Mossack Fonseca, according to the second batch of “Panama Papers” files out this week.

Former President of Argentina Cristina Fernández de Kirchner may be indicted in a sprawling money laundering case should the judge presiding accept federal prosecutor Guillermo Marijuan’s request to bring her into the investigation. Kirchner will be testifying regarding a separate case on Wednesday.

The co-founder of Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” data leak, has a simple explanation for why few Americans have been among the clients exposed by the scandal: the firm preferred to seek customers in other parts of the world.

A Mexican businessman has been sentenced to spend 20 years in a U.S. federal prison after his conviction on charges of money laundering and bribery.

Italian prosecutors are investigating the son of Turkish President Recep Tayyip Erdogan for money laundering amid accusations he smuggled large amounts of cash into the country, a judicial source told AFP on Thursday. A probe was launched into Bilal Erdogan

The drug trafficking ties between Colombia and Mexico go back decades, to when Colombian cartels started supplying Mexican drug runners with cocaine in the late 1970s. Those ties have since strengthened, and the recent discovery of a money laundering network between the two countries’ more powerful cartels is evidence of this.

One of the biggest blows to the Los Zetas drug cartel was dealt when a money laundering empire involving horse racing in Texas was dismantled in 2012. A drug smuggler now testifying in that case in San Antonio told the jury that horse racing was part of the trafficking culture, and Los Zetas leaders had been heavily involved in the sport well before the laundering scheme’s ringleaders were arrested.

LONDON (Reuters) – Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday. Each year billions of pounds of dirty money

A Shelby County, Tennessee, high school teacher has resigned after police accused him of running a sex club as well as other offenses.

MCALLEN, Texas — The wife of a top Tamaulipas politician remains in U.S. federal custody as she awaits to go to trial after the FBI arrested her on money laundering charges.

Sheriff’s deputies from Nacogdoches county, Texas, made a traffic stop and found over $1 million in cash that they determined belonged to a Mexican drug cartel. The incident occurred nearly 500 miles from the U.S.-Mexico border.

Authorities raided an underground casino near the Texas border that had been concealed in a private home in a quiet neighborhood. The raid is part of the ongoing Operation Bishop which as previously reported by Breitbart Texas is an effort by law enforcement to kick out underground casinos. These casinos are not only a magnet for criminal activity, but have also been used as a way to launder money by Mexican cartels operating in the U.S.

On October 7, the US Justice Department released a statement saying that one of Honduras’ most powerful businessmen and two of his family members have been indicted for allegedly laundering money for drug traffickers. Seven businesses were also labeled “specially designated narcotics traffickers” under the Kingpin Act.

Court documents filed in federal court claim that a suspected drug traffickers linked to Mexico’s Sinaloa Cartel used a Middle Eastern honor system to launder drug proceeds. Known as a Hawala, members of the conspiracy would be hired by cartel members in Canada and Mexico to move drug proceeds through the honor system that does not leave a paper trail as couriers move the money between countries.

The owner of a Worcester, MA, convenience store has been arrested and charged with allegedly running a $3.6 million food stamp fraud scheme since 2010.

China’s official foreign capital flight was $300 billion for the year ending June 2015, and it could reach $1 trillion–assuming the People’s Bank of China is even providing reliable numbers.

Over $10 Billion in illicit funds are laundered into the U.S. per year, according to a report in the Financial Times. As Breitbart Texas previously reported, the U.S. government recently enacted tough controls on banking institutions in an effort to stem the flow of Mexican cartels’ narco-profits through U.S. banks. Several large U.S.-based banking institutions recently began closing down branches near the U.S.-Mexico border in efforts to comply with the restrictions.

As more money continues to flow into the pockets of Mexican drug cartels, traffickers need to maintain a solid network of places—often along the southwest border—where they can launder drug money. However, in an attempt to stymie these efforts, several major US banks have been closing numerous branches in the region and shutting down hundreds of customer accounts.

Just days after the U.S. Department of Treasury publicly outed a suspected Gulf Cartel money laundering and drug trafficking network active in both Mexico and Texas, Mexican authorities captured one of its main members.

US Immigration and Customs Enforcement announced on April 21 they were targeting 700 businesses in the Miami, FL area for “enhanced scrutiny” in order to detect activity by Latin American criminal organizations related to trade-based money laundering.

Ayyan Ali, a top supermodel in Pakistan, has been charged with money laundering after she was caught with more than half a million dollars in her possession at Islamabad airport.