Money Laundering Cases & Enforcement
Laundering schemes, the enforcement actions against them, and the networks that move illicit money, tracked through fraud and organized-crime reporting. The Grift and Underground beats anchor the record; news coverage fills in the context.
- USA v. Brent Kovar
Brent Kovar was convicted of wire fraud, mail fraud, and money laundering in connection with a cryptocurrency Ponzi scheme that allegedly defrauded at least 400 investors of approximately 24 million dollars.
- USA v. Jay Sunilbharthi Goswami
Jay Sunilbharthi Goswami is charged with wire fraud, conspiracy to commit wire fraud, money laundering, and conspiracy to commit money laundering in connection with an alleged multi-million-dollar scheme defrauding the elderly.
- USA v. Eric James Stone
Eric James Stone pleaded guilty to wire fraud and money laundering for defrauding a senior of more than $2 million. He was sentenced to six years and eight months in federal prison and ordered to pay $2,037,103 in restitution.
- USA v. James Elliott Davis, II
James Elliott Davis, II pleaded guilty to bank fraud, wire fraud, money laundering, and theft of mail in connection with a COVID-19 personal protective equipment fraud scheme. He was sentenced to seven years and seven months in federal prison and ordered to forfeit proceeds total…
- USA v. Edward Zimbardi
Edward Zimbardi of Georgia is alleged to have operated a cryptocurrency Ponzi scheme that defrauded more than 6,000 investors of over $165 million and is indicted on multiple counts of wire fraud and money laundering.
- USA v. Edward Zimbardi
Edward Zimbardi is charged with wire fraud and money laundering in connection with an alleged $165 million cryptocurrency Ponzi scheme. He allegedly fled to Fiji and was subsequently deported back to the United States.
- USA v. Alagborenepakake Opuiyo
Alagborenepakake Opuiyo, a member of the Maryland National Guard, pleaded guilty to conspiracy to commit money laundering involving funds from at least 33 different victims.
- USA v. Luke Brugnara
Luke Brugnara, a real estate investor, is charged with wire fraud and money laundering related to an alleged pandemic-era fraud scheme. His bail was revoked after he evaded a bench warrant.
- ransomhub
…filiate program on February 2, 2024. In the new RaaS announcement, it was mentioned that the money laundering operation of the paid ransoms is the responsibility of the affiliate. This means that all communication and sending of the decryptor to the victim are done through chat.…
- SpearFin Ltd
…Client, KYC - Passports, Certificates, Investing documents, Share Registry and Holders, Anti-Money Laundering (AML) audit, Agreements, Application forms, Bank Statements, Bank Payrolls, Loans Documents, Certificates of GBC (Global Business Company), Register of Directors and many…
- Portman Finance Group
… identified all of the company’s databases, and exposed the company’s fraudulent schemes and money laundering operations! We also uncovered more than 10,000 customer passports and hundreds of thousands of pieces of personal data, including residential addresses and email addresse…
- Arkin Group
CYBERSECURITY: ARKIN HOTEL GROUP SUFFERS MASSIVE DATA BREACH — OVER 1 TB OF GUEST AND CASINO DATA STOLENCybersecurity experts from Cyclops Threat Intelligence have reported a critical incident affecting the Arkın Group hotel chain (www.arkingroup.com), including its premium prope…
- (US)The FBI claimed to be investigating me for international money laundering
A person was scammed by fraudsters impersonating the FBI and a New York prosecutor, who convinced them of a money laundering investigation. Coworkers intervened by researching the scam, leading the victim to…
- Cambodia-US operation uncovers money laundering link to Sinaloa Cartel
…anti-drug agencies have uncovered a network that uses cryptocurrency to launder money for the Sinaloa Cartel. Joint operations in Phnom Penh and Kandal seized over 200 kilograms of illegal drugs, more…
- Capital One cites anti-money laundering concerns in Trump Organization case
Capital One stated that closures of Trump Organization accounts in 2021 followed a review by its anti-money-laundering team. The bank cited anti-money laundering concerns as the reason for the…
- ED raids Hyderabad, Chennai in ketamine trafficking money laundering case; ₹82.82 lakh cash, $18,000 seized
The Enforcement Directorate (ED) conducted raids in Hyderabad and Chennai as part of a ketamine trafficking and money laundering case, seizing ₹82.82 lakh in cash and $18,000.
- UBS was fined a record $125 million for repeated money laundering failures
UBS was fined $125 million for repeated money laundering failures, marking the largest penalty under the Bank Secrecy Act for a broker-dealer. This is the second enforcement action by FinCEN against…
- North Korea Now Leans on Crime Networks to Launder Stolen Crypto: RUSI
North Korea is currently utilizing crime networks to launder stolen cryptocurrency. The article warns that when proceeds mix with scam money, exchanges struggle significantly to separate proliferation finance from ordinary laundering activities.
- SC urges ED to consider releasing funds from frozen TMC accounts in money-laundering probe
The Supreme Court has asked the Enforcement Directorate to seek instructions on whether to release a portion of funds from frozen Trinamool Congress accounts in a money-laundering investigation and to respond…
- Man pleads guilty to seven-year money laundering scheme
A 55-year-old Colombian man, Andrelio Castaño Rojas, pleaded guilty to a seven-year money laundering conspiracy. The scheme involved using drug profits to purchase consumer electronics, and he reportedly opened…
- What kinds of cases show up here?
- Everything from bank-secrecy and shell-company schemes to crypto mixing and trade-based laundering, as they appear in reporting and enforcement actions, each linked to its source.
- Does a mention here mean a conviction?
- No. Many entries are allegations or ongoing cases. The Nexus surfaces the reporting so you can see where each case stands.