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Money Laundering

Zach Carter

Darrell Issa's Latest Circus Has Lawmakers Shocked That DOJ Fights Fraud

HuffingtonPost.com | Zach Carter | Posted 07.15.2014 | Politics

WASHINGTON -- On Tuesday, Republicans on the House Financial Services Committee took up Rep. Darrell Issa's crusade against the Department of Justice'...

Chase Stops Cash Deposits Into Accounts That Aren't Your Own (And It Still Doesn't Make Sense)

MyBankTracker | Posted 07.08.2014 | Money
MyBankTracker

How is it I can't use my good, hard-earned cash to deposit in someone else's legitimate account? Look, I'm all for stopping money laundering. But this new policy is disruptive for millions of families across the U.S. Not only is it disruptive -- but it's also silly.

Hawaii Restaurateur Sentenced For Laundering $1.3 Million

AP | SAM EIFLING | Posted 07.07.2014 | Crime

HONOLULU (AP) — A businessman with a chain of Italian restaurants in Hawaii was sentenced Wednesday to six months in prison for laundering $1.3 mill...

Mexico Takes Cue From The U.S. In Fight Against Money Laundering

AP | E. EDUARDO CASTILLO | Posted 04.15.2014 | Latino Voices

MEXICO CITY (AP) — Mexico has announced plans to fight money laundering by using "kingpin" lists like those issued by the United States, although un...

Taking a Page From Eliot Ness to Fight Wildlife Trafficking's New Al Capones

David Wilkie | Posted 03.23.2014 | Green
David Wilkie

We have credible evidence that where national park rangers and community ecoguards are out patrolling, and risking their lives doing so, elephants have a much greater chance of escaping the poacher's bullet, axe and chainsaw.

Vatican Monsignor Arrested For Money Laundering

AP | NICOLE WINFIELD | Posted 03.23.2014 | Religion

VATICAN CITY (AP) — A Vatican monsignor already on trial for allegedly plotting to smuggle 20 million euros ($26 million) from Switzerland to Italy ...

Banks Launder Billions of Illegal Cartel Money While Snubbing Legal Marijuana Businesses

Avinash Tharoor | Posted 03.19.2014 | Business
Avinash Tharoor

The hypocrisy of the role that banks play in the drug trade is particularly disgraceful when considering the recent system of marijuana regulation that was introduced in Colorado.

ReThink Review: The Wolf of Wall Street -- Why Depiction Isn't Endorsement

Jonathan Kim | Posted 03.05.2014 | Entertainment
Jonathan Kim

The Wolf of Wall Street did not create or endorse the corrupt culture and lifestyle it depicts, but simply pulls if from the shadows and puts it on display. If this inspires people to follow Belfort's example, the issue isn't the film.

In Breaking Bad, How Could Walter White Have Handled Things Differently if He Had Known About Bitcoin?

Quora | Posted 12.21.2013 | TV
Quora

This question originally appeared on Quora. Answer by Jon Mixon, The Internet, while playing a major role in modern society, played a rather min...

Partisanship Drives DeLay's Case Once Again

J. Gerald Hebert | Posted 11.26.2013 | Politics
J. Gerald Hebert

In yet another display of the Texas judiciary's overt partisanship in the legal saga over Tom DeLay's alleged money laundering scheme during the 2002 Texas elections, a court of appeals overturned DeLay's conviction last Thursday.

Another Drug War Forfeiture Outrage

Radley Balko | Posted 11.24.2013 | Politics

Here's a new video from the libertarian public interest law firm, the Institute for Justice. Combine civil asset forfeiture with the vague federal ...

How Foreign Criminals Are Laundering Money Through Miami Real Estate

South Florida Business Journal | Brian Bandell | Posted 11.01.2013 | Miami

Alvaro Lopez Tardon needed to launder tens of millions of dollars in proceeds from selling thousands of kilograms of cocaine trafficked from South Ame...

Wall Street's Two Least Favorite Birthdays: OWS and Everett Stern

Jerry Ashton | Posted 10.28.2013 | New York
Jerry Ashton

You can be sure that TBTF (Too Big To Fail) bankers will not be donning party hats when these two birthdays roll around: that of Occupy Wall Street on...

When Worlds Collude: Right-wing Whistleblower Courts Left-Leaning Occupy Banking Group

Jerry Ashton | Posted 08.19.2013 | New York
Jerry Ashton

Can this new mutuality of efforts comprise a new path which might be taken by people on the left and the right of the spectrum? That rare "common ground?"

Inferno: Dan Brown Must Burn!

Janet Tavakoli | Posted 09.01.2013 | Books
Janet Tavakoli

One Catholic has been moved to do something about the Vatican's unpleasant facts. He's Pope Francis I, the first Jesuit to rule in the Vatican, and he's in the process of afflicting the comfortable. Life is imitating art.

Mexican Ex-Governor Hears His Fate In Money Laundering Case

AP | LARRY NEUMEISTER | Posted 06.29.2013 | Crime

NEW YORK -- A former governor of a Mexican state who admitted to conspiring to launder money in a New York drug case was sentenced Friday to just unde...

New Details in FBI Criminal Investigation of Michele Bachmann

David Shuster | Posted 08.04.2013 | Politics
David Shuster

While Congresswoman Michele Bachmann was announcing her retirement to much fanfare in the media, according to information given exclusively to Take Action News, the FBI was busy collecting potentially damaging evidence against her from two former campaign aides.

How Dare DOJ Insult HSBC's Crooks as Less 'Professional' Than Liberty Reserve's Crooks?

William K. Black | Posted 07.30.2013 | Business
William K. Black

Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.

G-20 Proposal to End Tax Evasion Won't Work

Martin Lobel | Posted 07.02.2013 | Business
Martin Lobel

The proposal, strongly supported by Treasury, will not work to prevent the biggest source of tax evasion -- multinational corporations use of transfer pricing to shift of profits to low or no tax countries -- and Treasury knows it and, indeed, has opposed OECD efforts to close that loophole.

The Skeleton in the Papal Closet

Edward Jay Epstein | Posted 06.21.2013 | World
Edward Jay Epstein

The new Pope Francis is clearly a well-intentioned man. But all his austerity measures, personnel changes, and efforts at transparency will do little to change its century-old insolvency problem. Now, more than ever, the Vatican needs money.

Bravo for Tunisia: Hope Springs Eternal

Raymond Baker | Posted 06.19.2013 | World
Raymond Baker

The repatriation of $28.8 million of Ben Ali's stolen assets is a victory for the people of Tunisia. Now, let's try to keep it there.

Spanish Singer Sentenced For Money Laundering

AP | Posted 04.16.2013 | Latino Voices

MADRID -- A Spanish court has sentenced popular Spanish folk singer Isabel Pantoja to two years in jail after convicting her of money laundering. Pan...

Nine Trust-Based Problems With Bitcoin

Steven Strauss | Posted 06.14.2013 | Business
Steven Strauss

Bitcoin seeks to be an electronic cash (currency) system that doesn't rely on trust. Paradoxically, Bitcoin requires a trust-based ecosystem.

The One Thing Missing From The Border Conversation

VOXXI | Griselda Nevarez | Posted 04.06.2013 | Latino Voices

Former Arizona Attorney General Terry Goddard said recent conversations over border security are missing a critical element: money laundering. Godd...

Why UN Arms Negotiations Must Include Talk of Ending Corporate Secrecy

Stefanie Ostfeld | Posted 06.01.2013 | World
Stefanie Ostfeld

As United Nations representatives meet to hammer out a Global Arms Trade Treaty (ATT) in New York this week, they must take into account the role of corporate secrecy in facilitating illegal arms trafficking and other crimes around the world.