Tweet Steven Rondos, a Brooklyn lawyer who admitted stealing US$4 million from the trust accounts of 23 disabled or incapacitated clients, was sentenced to 15 years in prison today in New York. Rondos was the court-appointed legal guardian in charge of supervising the guardianship accounts of clients who were incapacitated. He used some of the […]
Tweet The RCMP have charged four people from Alberta with fraud and money laundering in connection with a $60 million Ponzi scheme in which about 1,000 investors from Canada and the U.S. were allegedly defrauded. Garth Bailey, Murray Stark and Robert Fly were charged with conspiracy to commit fraud and money laundering. A fourth person, […]
Tweet Three men were arrested and charged in connection with real estate fraud and money laundering in San Francisco for allegedly forging real estate deeds to three luxury condominium at One Rincon Hill worth about US$7.5 million to gain legal control of the condominiums to borrow US$2.2 million against the properties. Melvin Emerich, Kaushal Niroula and Jay […]
Tweet Spain’s largest money laundering trial, dubbed the “ballena blanca” (white whale) case, started in Malaga, Spain today. Fernando del Valle, a Chilean-born lawyer, and 18 others are on trial charged with money laundering, forgery, false testimony and crimes against the Spanish Treasury for laundering over 12 million euros from drug trafficking, prostitution, and tax […]
Tweet Dirty money entering the U.S. from foreign nationals The Senate Committee on Homeland Security & Governmental Affairs released a special money laundering report today that describes four case studies of foreign politically exposed persons (“PEP“) who laundered money in the U.S. without detection. Two of the case histories have a Canadian connection. The 330-page report, […]
Tweet Scott Rothstein, a Florida lawyer who co-founded the now-defunct firm, Rothstein Rosenfeldt Adler, pleaded guilty to running a US$1.2 billion Ponzi scheme and five counts of RICO conspiracy, fraud and money laundering in the biggest investment fraud case in South Florida history. Rothstein, 47, is expected to receive a 30 to 50 year sentence […]