Category Archives: International Crime
Two Goldman Sachs Bankers Charged In Malaysian Financial Scandal
The Justice Department has brought criminal charges against two former Goldman Sachs bankers and a Malaysian financier in connection with the financial scandal known as 1MDB, which involved the misuse billions of dollars in Malaysian government funds. In the indictment unsealed by a federal court Thursday, prosecutors accuse former Goldman Sachs banker Ng Chong Hwa and… Read More »
Swiss watchdog raps Credit Suisse for anti-corruption failings
ZURICH (Reuters) – Credit Suisse (CSGN.S) failed to adequately combat money laundering in suspected corruption cases linked to soccer’s ruling body FIFA and Venezuelan and Brazilian state oil companies, Switzerland’s financial watchdog FINMA said on Monday, dealing a blow to the bank’s reputation. Watchdog FINMA will appoint an independent auditor to oversee the bank’s… Read More »
Dutch bank ING fined $900 million for failing to spot money laundering
AMSTERDAM (Reuters) – Dutch bank ING Groep NV admitted criminals had been able to launder money through its accounts on Tuesday and agreed to pay 775 million euros ($900 million) to settle the case. “The shortcomings identified resulted in clients having been able to use their bank accounts for money laundering practices for years”,… Read More »
IRS-CI Joins International Effort To Fight Tax, Cryptocurrency And Financial Crimes
Realizing that more work is needed to combat global crimes, leaders of tax enforcement authorities from five nations announced that they have created a united operational alliance, the Joint Chiefs of Global Tax Enforcement, known as the J5. The J5 consists of criminal intelligence communities from Australia, Canada, the Netherlands, the United Kingdom and… Read More »
23 People in South Florida Arrested in “Operation Wire Wire”
At 21, Destiny Asjee Rowland set up Asjee Luxury based out of Sunrise in July 2017. By the end of the month, Asjee Luxury had $1,651,699 in its TD Bank account. By any standard, that’s a lucrative first month for a one-person company that produces no goods or services. The income came from Rowland’s… Read More »
U.S. company at center of gold racket must pay $15 million fine, Miami judge rules
A major precious-metals company whose three Miami gold dealers were convicted of a massive money-laundering racket must pay the U.S. government $15 million as a criminal fine while being under probation for five years, a federal judge has ruled. Elemetal, based in Dallas, was sentenced Thursday after admitting this spring that the company failed… Read More »
FIFA Convictions A Shot Across Bow Of Sports Corruption
After U.S. prosecutors last month secured convictions of two former South American soccer officials in the first trial from the U.S. FIFA corruption probe, others in soccer and other international sports organizations should be wary of potential further U.S.-led probes into an industry rife with corruption allegations. Late last month, a federal jury in… Read More »
Miami gym owner arrested on charges of selling $10 million in steroids from China
Federal agents raided a popular Miami gym early Wednesday morning, leaving a U.S. Marshal-branded “no trespassing” sign on the door and arresting its co-owner on charges of heading a $10 million international steroid production and distribution ring. Early morning workout buffs at Iron Addicts Gym, on 31 NE 17th St., were herded against the… Read More »
Panama Papers: Mossack Fonseca Raided by Organized Crime Prosecutors
PANAMA CITY — Organized crime prosecutors raided the offices of the Mossack Fonseca law firm Tuesday looking for evidence of money laundering and financing terrorism following a leak of documents about tax havens it set up for wealthy international clients. Soon after news reports based on a trove of documents from the firm began… Read More »
Miami Beach’s stoner gun-runner drama — now a Hollywood movie —
The tale of how three young guys from Miami Beach won hundreds of millions in weapons contracts from the Pentagon has been turned into a Rolling Stone article, a book and a soon-to-appear Hollywood movie called War Dogs. Efraim Diveroli, David Packouz and Alexander Podrizki sold aging weapons and ammunition originally from China and… Read More »
