Thursday, October 28, 2021

U.S

US charges Venezuelan tycoon tied to government for bribery

U.S. prosecutors unsealed an indictment against a Venezuelan media tycoon close to President Nicolas Maduro's socialist government on Monday, accusing him of paying $159 million in bribes to top officials in exchange for lucrative foreign currency deals and then...

State lawmaker from Philly convicted of bribery resigns ‘under protest’

A Pennsylvania state representative stepped down on Tuesday, ending uncertainty about her official status that had swirled since she was sentenced to probation in a bribery case 11 days earlier. Rep. Vanessa Lowery Brown, D-Philadelphia, said in a letter to...

Former FIFA official sentenced to time served in bribery scandal

A former FIFA official from Guatemala who was cooperating in the U.S. investigation of corruption in international soccer's governing body was sentenced on Thursday to time served. Ex-Guatemalan soccer chief Rafael Salguero had been under house arrest since 2016 while...

Former state assemblyman Terrence Goggin indicted in retail fraud scheme

A federal grand jury indicted a former state assemblyman on multiple counts of wire fraud and money laundering Monday, a Justice Department spokesman said. The indictment, unsealed Monday in U.S. District Court, charges Terrence Goggin, a currently licensed state attorney,...

Former Corvallis lawyer pleads guilty to theft, money laundering

A former Corvallis lawyer pleaded guilty Tuesday to stealing money from her clients and using the funds to pay her mortgage, cover construction and landscaping projects at her home and subsidize lavish vacations, plastic surgery and other personal pursuits. Pamela S....

Credit union PenFed admits to weak anti-money laundering controls

Employees at one of the largest and fastest-growing credit unions in the U.S. told executives and regulators that it had a flawed program to prevent money laundering, according to people familiar with the matter and internal credit-union documents. The concerns...

Witness testifies former Senator Uresti took part in bribery scheme

A former West Texas county judge testified Friday that then-state Sen. Carlos Uresti of San Antonio agreed to split hundreds of thousands of dollars in kickbacks from a contractor. Jimmy Galindo, who was county judge for Reeves County from 1995...

US sanctioned Singapore firms director over money laundering for North Korea

The Department of Justice is accusing a Singaporean trader of helping North Korea circumvent sanctions, saying Tan Wee Beng laundered millions of dollars through the U.S. and Singapore. "Tan Wee Beng and his co-conspirators made deliberate efforts to launder money...

U.S. to Allow Small Banks to Pool Anti-Money Laundering Resources

Anti-money laundering (AML) compliance poses significant challenges for small and mid-sized U.S. banks. According to the UN Office on Drugs and Crime, the estimated amount of money laundered globally in one year is 2 - 5% of global GDP...

Och-Ziff agrees $29 million shareholder accord over Africa bribery probes

Och-Ziff Capital Management Group LLC (OZM.N) has reached a $28.75 million class-action settlement with shareholders who said the company misled them about U.S. probes into its involvement in alleged bribery in five African countries. The settlement with one of the largest...

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