The Brief A Dallas man was sentenced to 20 years in federal prison for money laundering. Rahool Amin Makani must repay over $14.7 million stolen from investors in fake businesses. Makani used the defrauded money to fund a lavish lifestyle of private jets, luxury cars, and gambling. DALLAS – A Dallas man has been sentenced
Pablo Escobar died in 1993, but in this 2017 picture, a woman in Medellin, Colombia, still keeps a picture of him in her wallet. Photo by Jan Sochor/Getty Images Olof Kyros Gustafsson, also known as (aka) “Sir Olaf Gustafsson,” aka “El Silencio,” has pleaded guilty to six federal criminal charges related to marketing and selling
In a development that has again raised red flags over United States President Donald Trump’s conflict of interest in the cryptocurrency space, Bloomberg reported that Binance aided in the creation and promotion of the USD1 token for World Liberty Financial, before its founder sought pardon. According to sources cited by Bloomberg, the world’s largest crypto
A Dedham man who received more than $300,000 in fraudulent bank loans pleaded guilty on Wednesday to bank fraud and money laundering, the U.S. Attorney said. Wyoming Killingbarrows, 30, who was born with the name Patricio Junio Brito Pontes Barros, pleaded guilty to four counts of bank fraud and one count of money laundering, U.S.
PARIS — French police raided the headquarters of a far-right party National Rally on Wednesday, seizing documents and accounting records, the party’s leader said, as part of a sweeping campaign finance inquiry. Prosecutors said they are investigating allegations of illegal financing of longtime party leader Marine Le Pen’s 2022 presidential bid, and the party’s European
The Bengaluru police Tuesday announced the arrests of four members of a gang allegedly involved in creating mule accounts to open shell companies for siphoning money obtained through cybercrimes. The police suspect that the gang laundered a whopping Rs 150 crore using such accounts. Police Commissioner Seemanth Kumar Singh, in a press conference, said the
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs (nearly Rs 37,600 crore) on the back of a huge jump in funds held through local branches and other financial institutions, annual data released by Switzerland’s central bank showed on Thursday. However, money in customer accounts of Indian clients
A Morrison man was sentenced to nearly four years in prison after he illegally obtained two Paycheck Protection Program loans during the COVID-19 pandemic, federal officials announced Tuesday. Richard Nieto, 39, took a deal and pleaded guilty last month to wire fraud and money laundering in federal court, according to court records. The plea deal
Malaysia’s anti-corruption agency is pushing for sweeping new powers to strike deals with suspects and recover illicit funds before they can vanish overseas – a move officials say could help plug billions of dollars lost to money laundering and organised crime. Criminal syndicates are increasingly using Malaysia to launder money, authorities warn, while the country
A quiet honor student who had recently graduated from Immaculate High School in Danbury, Veer Chetal was about to begin studying at Rutgers University in New Jersey. In 2022, he completed a “future lawyers” program, and a story that year on the Immaculate website showed a photo of a smiling kid with glasses wearing a