Money Laundering - Page 4

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.

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.

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.

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.

World banking giant, HSBC, got caught with its hand in a money laundering scheme that helped drug cartels turn nearly a billion dollars in narco-cash into gold. HSBC only faced a fine for their complicity, but members of money-laundering organizations (MLO) are now facing up to twenty years.

The Senate Judiciary Committee has delayed consideration of Loretta Lynch to replace Eric Holder as Attorney General. Committee member Sen. David Vitter says he wants to dig into Lynch’s role in the federal prosecution of HSBC in 2012.

DONNA, Texas – The president of the Donna Independent School District (ISD), Albert Sandoval, hired a convicted felon to be general counsel for the district and agreed to pay him $300,000 per year in retainer fees plus $225 per hour

DONNA, Texas — In a city that has become a model of border-area corruption, Breitbart Texas has discovered that the legal counsel for the school board in Donna, Texas is apparently a convicted felon who spent time in federal prison on money laundering charges tied to drug trafficking and lost his license to practice law for several years.

A top Los Zeta cartel associate in Texas who is serving a 20-year sentence for money laundering will now serve an additional five years in prison for trying to bribe a judge in Texas.

Mexican drug cartels, along with an untold number of global criminal and terrorist organizations, launder billions of dollars every year through banks and money service businesses. In order to curb this cartel activity, the Mexican government has severely limited the amount of American dollars that can be deposited into numbered accounts. A side effect of this policy, however, has been that Mexicans and travelers who pass through the country’s airports can quickly and easily profit from buying U.S. dollars at a loss, then selling them a few feet away for pesos at a roughly 3 percent profit.

The man identified as one of the Gulf Cartel’s top money men on the Texas side of the border will spend 14 years in federal prison.