TheRepublic.com - Money laundering News

Pope taps trusted prelate to oversee Vatican bank

Sat, 15 Jun 2013 10:19:26 -0400

VATICAN CITY - Pope Francis took a first big step in reforming the troubled Vatican bank on Saturday by tapping a trusted prelate to help oversee its management, in a sign he wants to know more about its activities.

2nd Memphis drug gang member gets life in prison

Fri, 14 Jun 2013 16:19:32 -0400

MEMPHIS, Tennessee - A gang member was sentenced to life in prison Friday for killing a man on orders from the head of a violent Memphis-based drug ring that had ties to Mexican cartels.

Engineering firm fined $1M for illegal donations

Thu, 13 Jun 2013 16:12:38 -0400

A major New Jersey engineering firm admitted Thursday that it made illegal campaign contributions, was fined $1 million and was banned from working on government contracts in the state for 10 years.

Former US Rep. Renzi convicted on 17 of 32 counts

Tue, 11 Jun 2013 22:02:34 -0400

TUCSON, Arizona - A federal jury on Tuesday convicted former U.S. Rep. Rick Renzi on more than a half dozen corruption charges accusing him of using his office for personal financial gain and looting a family insurance business to help pay for his 2002 campaign.

Lawmaker wants Ohio casinos to keep patron photos

Mon, 10 Jun 2013 16:16:16 -0400

CINCINNATI - An Ohio lawmaker wants the state's four casinos to collect and save photos of customers for five years in an effort to crack down on money laundering.

Russian whistleblower death in UK 'not suspicious'

Fri, 07 Jun 2013 11:43:49 -0400

LONDON - British police said Friday there were no suspicious circumstances in the death of a Russian whistleblower who was a key witness against Russian officials accused of stealing $230 million from a London hedge fund in a money laundering scheme.

Liberty Reserve's money laundering spotted in 2009

Fri, 31 May 2013 19:59:34 -0400

SAN JOSE, Costa Rica - Costa Rican officials say the currency transfer firm Liberty Reserve first raised red flags in the Central American country in 2009 when authorities detected money laundering activities.

Feds in NY: Costa Rica money biz a hub for crooks

Wed, 29 May 2013 04:16:33 -0400

NEW YORK - When an undercover agent posing as a new client sought to register at the currency transfer firm Liberty Reserve as "Joe Bogus" from "123 Fake Main Street" in "Completely Made Up City," no one at the company based in Costa Rica objected.

Mental exam set for attorney accused of laundering

Sun, 26 May 2013 15:23:51 -0400

EL PASO, Texas - An El Paso lawyer and philanthropist accused of conspiring to launder $600 million for a Mexican drug cartel will undergo a mental examination before his trial.

Doctor pleads guilty to distributing painkillers

Thu, 23 May 2013 19:19:32 -0400

DENVER - Federal prosecutors have taken action against two Colorado doctors accused of illegally prescribing painkillers.

Last defendant pleads guilty in wind farm fraud

Tue, 21 May 2013 19:43:36 -0400

CHEYENNE, Wyoming - The last of five defendants charged with defrauding investors of more than $4 million by promoting non-existent wind farm projects in Wyoming and South Dakota pleaded guilty Tuesday to felony charges.

Romania orders retrial of football officials

Mon, 20 May 2013 09:20:18 -0400

BUCHAREST, Romania - Bucharest's highest court has ordered a retrial in the case of eight Romanian football officials who were sentenced to prison for tax evasion and money laundering in connection with the transfer of 12 players over a six-year period.