Tweet Former New York Mets all-star outfielder, Lenny Dykstra, pleaded guilty in U.S. District Court today in LA to money laundering, bankruptcy fraud and concealment of assets for hiding and selling sports memorabilia that were assets that were supposed to be included in his bankruptcy filing. After filing for bankruptcy, Dykstra is alleged to have […]
Tweet Judge extradited for suspected money laundering Colin Dines, a retired British judge and former criminal law lawyer, is being extradited from London to Rome to face charges by an Italian magistrate that he was part of a transnational criminal organization complicit in laundering £344 million at the behest of the Mafia. In 2010, an […]
Tweet According to a new report by Global Financial Integrity, approximately US$872 billion flowed illicitly from Mexico during 1970 to 2010 from money laundering, tax evasion and corruption. The flow of funds represents about 5% of Mexico’s GDP. The report noted that trade-based money laundering was the most common method used to remove money from […]
Tweet The eve of the ten year anniversary of 9/11 is a good time to look back at the pivotal changes that have shaped our legal landscape in counter terrorist financing. Ten years ago, few lawyers practiced in the area of national security and in particular terrorist financing. Since 9/11, terrorist financing and its companion, […]
Tweet An Ontario resident, Joseph Butler, pleaded guilty in a Calgary court today to money laundering and failing to report the importation of over $10,000 into Canada. Butler attempted to enter Canada from the U.S. without disclosing that he was carrying US$477,050 in cash. The cash was concealed in at compartment in a horse trailer […]
Tweet The third executive of a Los Angeles toy company, Meichun Cheng Huang, pleaded guilty to conspiracy today as part of a black market peso exchange scheme that laundered almost US$9 million for drug cartels in Mexico and Columbia using teddy bears and Topo Gigio mouse dolls. Huang was a co-owner of the toy company, […]
Tweet A Romanian man has pleaded guilty for his role in a cyberlaundering scam that took in about US$2.7 million from users of online marketplaces such as eBay, Craigslist and AutoTrader. Adrian Ghighina, 33, of Bucharest, pleaded guilty to conspiracy, bank fraud and money laundering in U.S. District Court for the District of Illinois. Ghighina […]
Tweet The U.S. Department of the Treasury has designated two money services businesses in Afghanistan, the New Ansari Money Exchange (and its alleged founder Haji Abdullah Ansari) and the Ahmad Shah Money Exchange (and its alleged owner Ahmad Shah Hakimi), as major money laundering vehicles that facilitate the trafficking of drugs out of Afghanistan. The […]
Tweet Money laundering suspicious activity reports (SARs) filed with FinCEN, the U.S. financial intelligence unit, show a slight increase in mortgage fraud in the U.S. According to FinCEN’s third quarter 2010 mortgage report, “Mortgage Loan Fraud SAR Filings“, 9% of all SARs filed in the 2010 third quarter indicated mortgage loan fraud as a suspected […]
Tweet The assets of two Tamil groups with alleged ties to the Liberation Tigers of Tamil Eelam (LTTE) were ordered forfeited to the federal government of Canada by the Federal Court of Canada because the assets were owned or controlled by a terrorist group. The two groups, World Tamil Movement of Ontario and World Tamil […]