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☆ New: The Accused Crypto Couple
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew: The Accused Crypto CoupleIn February 2022, the Justice Department announced charges against Heather Morgan & Ilya Lichtenstein for their alleged roles in the conspiracy to launder $4.5 billion in stolen cryptocurrency.

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☆ Netflix's 14 biggest TV shows of all time, including 'Stranger Things' and 'Dahmer'
▼ + stars: | 2022-10-11 | by ( Travis Clark | ) www.businessinsider.com time to read: 1 min

"Ozark" season four — 491.09 million hours"Ozark." NetflixDescription: "A financial adviser drags his family from Chicago to the Missouri Ozarks, where he must launder $500 million in five years to appease a drug boss." Rotten Tomatoes critic score: 84%What critics said: "A chilly, thrilling narco saga told from the perspective of the Mob's money launderer, Ozark deserves its place among the very finest TV takes on American dope, crime and corruption."

☆ Feds plan to call Leonardo DiCaprio and former Trump White House chief of staff John Kelly at trial of Fugees rapper Pras Michel
▼ + stars: | 2022-10-10 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +6 min

Pras Michel, a founding member of the Fugees hip-hop group, is standing trial in DC next month. He's accused of illegally lobbying Trump officials to resolve an inquiry into the 1MDB scandal. In a court filing Sunday, prosecutors revealed a witness list that includes DiCaprio and top Trump administration officials, including former White House chief of staff John Kelly and former national security advisor H.R. As part of the scheme, prosecutors said, Michel recruited about 20 so-called "straw donors" who made campaign contributions with Low's money. Michel is charged with violating both FARA and that other statute, known as 951, in his alleged lobbying schemes.

☆ U.S. Sanctions Shipping Firm, Individuals for Alleged Oil Exports to North Korea
▼ + stars: | 2022-10-07 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

The U.S. imposed sanctions against a shipping company and two individuals for allegedly exporting oil to North Korea, which the U.S. said supports Pyongyang’s nuclear and military programs. The U.S. said the Courageous, also known as the Sea Prima, has participated in several deliveries of refined petroleum to North Korea, including ship-to-ship transfers to North Korean vessels that violated United Nations sanctions. North Korea faces sanctions from the U.S. and the U.N., including restrictions on its import of petroleum products. Ship-to-ship transfers have been identified as one way North Korea circumvents these sanctions. PREVIEWFriday’s sanctions come after the U.S. Justice Department filed a criminal complaint against Mr. Kwek in April 2021 for allegedly conspiring to evade economic sanctions on North Korea and for conspiracy to money launder.

☆ Ex-Barbados Official Loses Appeal of Bribe Laundering Conviction
▼ + stars: | 2022-10-05 | by ( Richard Vanderford | ) www.wsj.com time to read: +3 min

A former Barbados government official has lost an appeal to overturn a U.S. conviction for laundering bribes connected to insurance contracts through a New York business. Though Mr. Inniss contested the charges at trial, on appeal his lawyer didn’t argue over whether the bribery occurred. Instead, he tried to argue that the conduct wasn’t technically money laundering because Mr. Inniss didn’t launder the money after it was sent from the dental business. The appeals court also rejected arguments from Mr. Inniss that the jury instructions were faulty. Mr. Inniss is incarcerated in a prison outside Detroit and scheduled to be released in January, according to Federal Bureau of Prisons records.

☆ Lawsuit filed after FBI agents raided 1,400 deposit boxes at a US Private Vaults branch claims owners' items have still not been returned
▼ + stars: | 2022-09-25 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

The agency raided US Private Vaults and seized the contents of 1,400 safety deposit boxes. A lawyer involved in the class-action said the FBI raid was the "largest armed robbery in US history." The FBI requested and obtained warrants to seize US Private Vaults' business property. US Private Vaults has pleaded guilty to conspiracy to launder drug money, and the investigation was continuing, Eimiller added. The plaintiffs in the lawsuit have asked for the FBI raid to be deemed unconstitutional by a district judge, the LA Times reported.

☆ Treasury warns against Russia's efforts to evade sanctions with crypto
▼ + stars: | 2022-09-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Russian President Vladimir Putin could use cryptocurrencies to evade U.S. and other sanctions launched against the Kremlin for its unprovoked invasion of Ukraine, a Treasury official told lawmakers Tuesday. Warren said she'd been concerned about the possibility of cryptocurrency being used by Russian elites to bypass sanctions since the country invaded in February. The Treasury Department has already identified Russian entities attempting to circumvent sanctions with crypto. Treasury issued its first-ever sanctions on these "mixers" in May and sanctioned another, "Tornado Cash," in August. Coinbase's chief legal officer, Paul Grewal, told CNBC that the sanctions set "a dangerous precedent," but Rosenberg called them effective.

"These defendants exploited a program designed to provide nutritious food to needy children during the COVID-19 pandemic." The alleged scheme was tied to the U.S. Department of Agriculture's Federal Child Nutrition Program aimed at feeding needy children. The program, which was expanded during the pandemic, allows private restaurants to run federally funded food distribution sites, as long as they are sponsored by a non-profit organization. Prosecutors said restaurant owners and others paid bribes to Feeding Our Future employees to get the organization to sponsor sham distribution sites. Defendants created dozens of shell companies to run the fake distribution sites and to launder the proceeds of the scheme, prosecutors said.

☆ Former senior Obama advisor guides lobbying and policy strategy of London cryptocurrency firm
▼ + stars: | 2022-09-19 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The crypto industry has been ramping up lobbying around the world with potentially strict regulations on the horizon. The Biden administration released its framework on potential U.S. crypto regulations earlier this month, including ways that could help fight fraud. Kasselman described Messina as a critical guide to the company's lobbying and overall policy efforts. He noted that Messina is not a registered lobbyist, yet often advises their team on lobbying strategy. Kasselman credits Messina with the company hiring Ian Mair as Blockchain.com's head of U.S. policy and Giles Swan to run its European policy.

☆ Steve Bannon's donor-fraud charges in New York include money laundering, conspiracy, scheme to defraud
▼ + stars: | 2022-09-08 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Steve Bannon has been charged in Manhattan with money laundering, conspiracy, and scheme to defraud. The charges are less severe than in the federal 'We Build the Wall' case Trump pardoned him on. Read Bannon's new 'We Build the Wall' donor-scam indictment here. A handcuffed Steve Bannon is escorted to his seat at the defense table in Manhattan Supreme Court on September 8, 2022. Kolfage and co-defendant Andrew Badolato, both of Florida, pleaded guilty in federal court in Manhattan in April and have yet to be sentenced.

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