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The article discusses the 11th Circuit Court of the U.S. Court of Appeals case U.S. vs. J.W. Edwards, Frontier Holdings Inc. wherein the court of appeals affirmed the conviction and sentence of Jeffrey Wallace Edwards for wire and mail fraud and money laundering. The Court of Appeals held that restitution for a particular transaction for which defendant was not convicted was proper.

The article presents the court documents for the criminal complaint filed in the U.S. District Court for the District of New Jersey by Federal Bureau of Investigation Special Agent Michael J. Doyle against Garrett Bauer and Matthew Kluger who were charged with conspiracy to commit securities fraud, conspiracy to commit money laundering, and obstruction of justice. Included are details of the various counts of illegal acts by the defendants and pertinent information and facts supporting the case of the long-term insider-trading conspiracy.

The article discusses a court case wherein the U.S. Court of Appeals, Sixth Circuit decided to reverse the money laundering conviction for Donald H. Ayers, who worked for the National Century Financial Enterprises (NCFE), and remand the case for resentencing under the U.S. district court. In the U.S. v. Donald H. Ayers, Ayers was convicted by the jury with securities fraud, wire fraud and conspiracy to commit money laundering. In his appeal, the Sixth Circuit concluded that a conspiracy on money laundering was not proven but affirmed his fraud charges.

The article discusses a court case wherein the U.S. Court of Appeals, Sixth Circuit has decided to reverse the convictions of money laundering and conspiracy to commit money laundering for Roger Faulkenberry, who worked for the National Century Financial Enterprises, and remand the case for resentencing under the U.S. district court. In the U.S. v. Roger Faulkenberry case, Faulkenberry was convicted with securities and wire fraud and money laundering. The Sixth Circuit concluded that money laundering has not been proven but affirmed his fraud charges.

In this article the author discusses the application of U.S. anti-money-laundering laws in the case of U.S. v. Santos. The authors explain that money laundering is the concealment of illegal source or application of income and making it seems legitimate. The authors also report that defendant Efrain Santos had his convictions premised on the word proceeds which had an unclear definition and that amendments were then made to the definition of proceeds to include gross receipts.

The article offers information on the U.S. Bank Secrecy Act which focuses on anti-money laundering in community banks, consumer lenders, and casinos and mentions topics including the law's compliance requirements, penalties, and enforcement actions.

The article discusses a court case wherein the defendants were indicted for conspiracy, commercial bribery, mail fraud and money laundering. The U.S. District Court of the Southern District of New York was in charge of the case. The court examined the case and sentenced each of the defendants 50 years in prison and fines of more than 1 million if convicted on all counts.

The article discusses a court case wherein the defendants were convicted of conspiracy to mail fraud and to file false tax returns, conspiracy to commit money laundering, money laundering, and subscribing false tax returns. It presents the 6th Circuit's opinion. It is stated that the documents questioned by the defendants that were not immediately presented were not material under Brady and there was no violation of Brady because the evidence was in exclusive control of a cooperating witness.

The article discusses the indictment of Marilyn G. Ong for allegedly committing fraud and money laundering in the U.S. According to prosecutors, Ong, a loan broker living in Manila, Philippines, brokered approximately $40 million worth of fraudulent loan transactions between companies located in the Philippines and lending banks in the U.S. They also claimed that Ong directed exporters to prepare false shipping documents and submitted those false documents to the lending banks.

The article discusses a court case filed against Charlene C. DeMarco for 10 counts of mail fraud and one count of money laundering. The case was filed at the U.S. District Court for the District of New Jersey and was decided on December 8, 2007. DeMarco was found guilty of all the charges. The verdict was partly influenced by the failure of DeMarco's attorney to challenge the need for an Investigational New Drug application.

The article presents the details of the Deferred Prosecution Agreement signed by the Union Bank of California to settle a court case filed against it for failing to establish an anti-money laundering program. Under the agreement, the Bank agrees not to make public statements that contradict information included in the Factual Statement. It cites the possibility of instituting criminal or civil forfeiture actions against the Bank's funds. It also calls the Bank to implement remedial actions to correct its failure.

The article presents the deferred prosecution agreement entered into by defendant American Express Bank International (AEBI) and the U.S. Department of Justice, Criminal Division. The agreement requires AEBI to waive indictment and agree to the filing of a one count information in the U.S. District Court for the Southern District of Florida, charging it with failing to maintain an effective anti-money laundering program. The deal also means that AEBI accepts and acknowledges responsibility for the conduct of its employees.

The article discusses several issues related to the prevention of money laundering in the U.S. The author believes that the most important part of anti-money-laundering compliance programs is an effective process to identify, analyze, investigate and report suspicious activity. Some argue that a financial institution's failure to file a suspicious activity report should not be a criminal matter, but instead an issue between that institution and its regulator.

Discusses the merits of the United States of America versus Vladimir Kuznetsov money laundering case. Motion made by the defendant to dismiss his indictment; Arguments cited for the entitlement of Kuznetsov to diplomatic immunity; Reasons of the U.S. government for refusing to grant diplomatic immunity to Kuznetsov.

The authors discuss the growth of political tensions between the U.S. and Russia which lead to Ukraine-related sanctions and increased risks of money-laundering. They mention several executive orders from U.S. President Barack Obama such as 13660 of March 6, 2014, 13660 of March 16, and 13662 of March 20. They note that the anti-money-laundering measures and sanctions create compliance risk for companies engaged in business in Ukraine or Russia.

The article discusses a court case in which Judge Karen K. Caldwell of the Lexington, Kentucky Federal Court rejected the Federal prosecutors' argument and denied their motion for summary judgment in a forfeiture dispute with Megan Coffman, wife of convicted investment fraudster, Bryan Coffman. The court found enough evidence proving Megan had a valid legal right to the accounts and real estate at the center of the dispute.

The article discusses accusations by a U.S. Senate investigating panel against HSBC Holdings Plc for money laundering. HSBC officials pledged to reform their illicit funds monitoring system and to close their businesses in secret money havens such as the Cayman Islands. However, the senators doubt if the bank will keep this pledge given that it had not kept similar commitments in the past. According to analysts, HSBC is under close scrutiny and faces financial penalty and political risks.

The article reports on the arrest of fund manager John Mattera of Praetorian Global Fund due to an alleged 11-million-dollar scam which promotes phony access to shares of Facebook Inc. and Groupon Inc. in Fort Lauderdale, Florida on November 17, 2011. The complaint states that Mattera has spent 4 million dollars of misappropriated money on personal expenditures. It notes that Mattera faced criminal charges with securities fraud, wire fraud and money laundering.

This section offers news briefs on white-collar crime cases. Kosa Kovachev, a former stockbroker, was sentenced to almost four years in prison for helping New York law firm Marc S. Dreier defraud hedge funds worth 228 million U.S. dollars. Wachovia Bank will pay 160 million U.S. dollars to resolve drug money laundering allegations. According to the U.S. Federal Bureau of Investigation (FBI), Tom Ryder of New Hampshire must serve 21 months in prison for committing mortgage fraud.

The article presents the court case Pendergest-Holt v. Certain Underwriters at Lloyd's of London et al wherein the 5th U.S. Circuit Court of Appeals ruled that a directors and officer (D&O) insurer should finance R. Allen Stanford and his associates if the officers are found guilty of money laundering. It discusses the alleged multibillion-U.S. dollar money laundering scheme and the filed civil charges by the U.S. Securities and Exchange Commission to the defendants. The insufficient evidence that resulted to the injunction is also cited.

The article discusses the American court case State v. Espinoza wherein Michell Espinoza has been charged of money laundering. It highlights Espinoza's unlawful operation of money-service business by selling bitcoin to Ricardo Arias, an undercover police officer of Miami Beach Police Department. It also cites that Miami, Florida Circuit Judge Teresa Pooler has reviewed the case and found Espinoza not guilty for money laundering.

The article reports that Hanover Corp.'s officers Terry Kretz and Robert Haley have been charged of using money from the firm's new investors in order to pay interest to its existing investors. Kretz and Haley have been accused of defrauding their clients and were both charged with conspiracy, securities and wire fraud, as well as mail fraud and money laundering. According to the prosecutors, the defendants have fooled clients by making them believe that their investments are making money.

The article discusses the decision of the court on the case of Chao Fan Xu for stealing over 485 million dollars from Bank of China Ltd. and illegally transferred into the U.S. The U.S. District Judge Philip M. Pro of the District of Nevada sentenced Chao Fan Xu to 25 years of imprisonment and Guo Jun Xu to a 22-year term for racketeering, money laundering and immigration visa fraud. Moreover, it determines that the managers wire-transferred the money into Hong Kong, China investment accounts.

The article discusses the decision of the court on the case of Tony T. Pham and his business Techmedica Health Inc. for 12 million dollars drugs sales scheme. The U.S. District Court for the Western District of Missouri found Pham guilty to one count conspiracy to commit fraud and one count of money laundering. Moreover, it determines that Pham faces 25 years in prison and a 500,000 dollars fine and has agreed to forfeit any money or property traceable to the 12 million dollars fraud scheme.

This section offers news briefs on various commercial crimes in the U.S., as of December 2015, including the imprisonment sentence received by investment adviser Gignesh Movalia for fraud scheme, imprisonment of Floyd Nutrition LLC owner, Cheryl Floyd, for selling misbranded diet drugs and money laundering, and the conviction of the owners of JC Medical Supply for medicare fraud scheme.

The article reports on the U.S. Supreme Court ruling about the word "proceeds" in the federal money laundering statute. Accordingly, the word proceeds referred to in the statute means profits and not receipts. It is stated that in the majority opinion authored by Justice Antonin Scalia notes that a profits requirement makes money laundering cases more difficult to prosecute.

The article reports on the decision of the U.S. District Court for the Southern District of California in a federal bribe case filed against Brent R. Wilkes, the owner of ADCS Inc. ADCS was accused of bribing a congressman in order to win over $80 million government contracts. Wilkes was found guilty of conspiracy, wire fraud, money laundering and bribery.

The article discusses the money laundering case U.S. v. Kuznetsov decided by the District Court for the Southern District of New York on October 19, 2007. Judge Deborah A. Batts has sentenced former United Nations (UN) official Vladimir Kuznetsov to four years in prison on money laundering charges related to kickbacks he received on UN contracts. The judge disagreed with the argument by Kuznetsov that he was entitled to diplomatic immunity because he was an agent of the Russian government.

The article discusses a court case filed by the U.S. government against Union Bank of California for failing to establish adequate anti-money laundering programs. The case charges the bank for failing to create and maintain programs to detect and prevent money laundering, required under the Bank Secrecy Act. It was which was filed at the U.S. District Court for Southern District of California.

The article discusses the court case United States v. Reimers. In this case, Francis W. Reimers of California pleaded guilty to six counts of mail fraud and one count of money laundering for running a multimillion-dollar shell game that cheated hundreds of investors. He admitted to using the money for Univest and Plan Compliance and to buy luxury cars and vacations. Reimers faces sentencing on August 3, 2007 in Oakland, California.

The article reports on the case filed against Conrad Black, former chief executive officer (CEO) and board chairman of Hollinger International Inc., now called the Sun-Times Media Corp., Federal prosecutors will try to present to the jurors that Delaware's deferential business-judgment rule cannot shield Black from a jail sentence for amassing more than $80 million from his newspaper empire. Black could be found guilty of racketeering, money laundering and several types of fraud.

The article reports on the indictment of Rebecca and Terry Solomon filed in the U.S. District Court for the Northern District of California. The couple allegedly defrauded investors of about $18 million promising huge profits on the sale of a flawless diamond and a Chinese telecommunications leasing deal. The case filed against them include conspiracy, wire fraud, money laundering and engaging in unlawful monetary transactions. The couple are fugitives as of press time.

The article focuses on the indictment filed before the U.S. District Court for the Southern District of Florida involving KL Hedge Funds principals who allegedly used counterfeit letterheads and fictitious financial reports to deceive 250 investors. The principals concealed the scheme by using money from new investors to pay returns to the existing ones. The defendants were charged with multiple counts of mail fraud, wire fraud, money laundering and conspiracy.

The article reports that three California residents have been charged with 50 criminal counts, including money laundering by selling counterfeit handbags and accessories. These residents were Nancy Pua, her son Kevin Pua and her brother Johnny Lee Tan. The merchandise were sold through eBay and Nancy Pua's store called Label Love in Richmond, California. An initial January indictment with conspiracy to traffic in counterfeit goods were the charges pressed against the three.

The article reports on the conviction of Eduardo Orlansky, Hector Orlansky and R. Peter Stanham, executives at E.S. Bankest LLC, after they were found guilty on bank fraud by the U.S. District Court for the Southern District of Florida. Other charges filed against them are conspiracy and money laundering.

This article reports on the indictment of four employees of Parker Leasing & Finance Service for defrauding borrowers on loans for commercial equipment leases. The alleged fraud operated from 2000 to 2004. The defendants were identified as Robert Parker, Gary Parker, Hope Rocillo and Edward J. Annis. The charges include wire fraud, mail fraud and money laundering.

Reports on the counterargument of former United Nations official Vladimir Kuznetsov regarding his arrest for money-laundering. Reason behind the refusal of the U.S. government to grant diplomatic immunity to Kuznetsov; Evidences cited by Kuznetsov for his eligibility to diplomatic immunity; Role of Kuznetsov in the United Nations.

The article reports that the U.S. Financial Crimes Enforcement Network has taken steps to block FBME Bank Ltd. from accessing the U.S. financial system as of September 2014 following bank's money laundering activity.

The article reports on the guilty plea of Daryl Bornstein, Terry Kretz, and Robert Haley, the three Tennessee men who worked for investment company Hanover Corp., related to the $18 million Ponzi scheme. It discusses the roles of Kretz, Bornstein, and Haley in the scheme that promised high returns to investors on bogus promissory notes and compensated them with funds from new clients. It notes the three pleaded guilty to money laundering, securities fraud, and conspiracy charges.

The article reports on the 57-count indictment against James Jariv and Nathan Stoliar, owners of Cify Farm Biofuel in Vancouver, British Columbia, for allegedly falsifying records in an importation scheme and selling blended fuel as 100 percent pure. Topics discussed include the not guilty plea of Jariv, the renewable identification numbers (RINs) credits, and the attempt of Stoliar and Jariv to launder their ill-gotten gains.

The article reports that U.S. the Office of the Comptroller of the Currency said that a number of banks do not incorporate controls into their products and services despite of money laundering and electronic fraud.

The article reports on the conviction of lawyer Anthony Livoti Jr. of Florida on the charges of fraud involving 1.25 billion life insurance scheme. He was charged for the conspiracy of several crimes including commit wire and mail fraud, and money laundering. February 21, 2014, has been fixed for his sentencing.

The article reports that former computer retailer TigerDirect president Carl Fiorentino has been charged with money laundering and conspiracy in a $7 million kickback scheme. U.S. attorney Loretta E. Lynch says that Fiorentino has abused his position of trust at the expense of public shareholders and employer. The prosecutors add Fiorentino used the funds to buy a property worth $8 million Coral Gables, Florida.

The article reports that Wine Tasting Network (WTN) former vice president Martin Christopher Edwards, who is charged with 23 counts of money laundering and fraud, has failed to appear in the U.S. District Court for the Northern District of California, and is considered a fugitive.

The article offers legal news briefs as of June 2013. Stockbroker Andrew Baum has pleaded not guilty in Santa Ana, California federal court to charges that he ran several stock manipulation schemes. Miami family members will spend years in prison for operating a fraudulent mental health clinic in Miami, Florida. Stephen B. Lopez, managing director of investment firm Walnut Creek, has been arrested by federal law enforcement officers for allegedly defrauding lenders.

The article discusses a court case between U.S. v. Aamir and colleagues. Seven people were arrested by federal agents in Michigan for defrauding Medicare by 22 million dollars. The arrests happened on the same day the U.S. District Court for the Eastern District of Michigan charged the defendants with multiple counts of conspiracy, healthcare fraud and money laundering; all defendants have pleaded not guilty in the Detroit federal court and face trial.

The article discusses the court case, U.S. v. Young et al., wherein the defendants filed a not guilty plea on charges of fraud, bribery and money laundering. The defendants were indicted for obtaining government confidential information through Lieutenant Colonel David Young to win a contract for logistics and weapons maintenance support for Afghanistan troops. The case is still pending in the District Court of Utah and the defendants if convicted will face prison sentences and fines.

This section offers news briefs on cases filed in U.S. courts as of July 2012. The chief executive officer and the head trader of Sentinel Management Group are accused of defrauding customers of over 500 million dollars. Sharanjit Kaur and Baljit Singh are charged with conspiracy, mail and wire fraud and money laundering for defrauding customers some 400, 000 dollars. Four people in Illinois are charged for allegedly getting fraudulent mortgage loans worth 16.2 million dollars.

The article discusses the court case, U.S. v. Neuhaus et al, wherein Swiss citizens Jean-Pierre Neuhaus and Roland Kaufmann were accused of stock manipulation, wire fraud and money laundering. Kaufmann, chief executive officer of Axius Inc., allegedly inflated the share price of Axius with corrupt U.S. stockbrokers. Their scheme was uncovered through an undercover agent of the U.S. Federal Bureau of Investigation. Details of the case are provided.

The article discusses a court case wherein Dreier LLP art adviser Marc S. Dreier was allegedly involved in securities fraud, money laundering, and conspiracy in the U.S. A lawsuit was filed by a trustee accusing Dreier for using the firm's money to pay art consulting firm Heidi Lee Art Advisory amounting to 1.9 million U.S. dollars to acquire his personal art collection. Dreier was previously involved in a Ponzi scheme in 2004. He is sentenced to 20 years imprisonment.