Two Chinese nationals funneled $73 million through various shell companies The Department of Justice (DOJ) has unsealed an indictment charging two Chinese nationals of defrauding and laundering at…
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DOJ Charges American Brothers with Cryptocurrency Fraud
Former MIT students allegedly accessed $25 million from Ethereum transactions. Federal prosecutors arrested two brothers this past week, charging them with attempting to commit wire fraud and money…
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Secretary Yellen Optimistic Heading into World Bank Meetings
She says, “America’s economic strength will continue to underpin global growth.“ Secretary of the Treasury Janet Yellen began the International Monetary Fund and World Bank meetings with financial…
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Treasury Proposes System to Address Money Laundering in Real Estate
The department would track and flag suspicious home purchases. The U.S. Treasury Department proposed a new system that real estate agents can use to flag suspicious real estate…
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Nearly a Dozen Plead Guilty for Migrant Smuggling
DOJ brought charges against 11 individuals in federal court. A Texas woman and ten other defendants have pled guilty in a human smuggling and money laundering case brought…
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Treasury Places Sanctions on MS-13 Gang Leaders
Drug trafficking, money laundering, and murder are some of the gang’s regular activities. The Treasury Department has imposed sanctions against two key members of the MS-13, an international…
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Danske Bank Will Pay $2 Billion for Fraud
The Justice Department announced the bank’s guilty plea. The U.S. Justice Department announced this week that Danske Bank, a global financial institution based in Denmark, agreed to forfeit…
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Justice Department Seizes $3.36 Billion in Cryptocurrency
Over 50,000 Bitcoin had been stolen from an illegal marketplace. The Department of Justice has announced its second-largest-ever seizure of cryptocurrency, $3.36 billion in Bitcoin. The cryptocurrency was…
Read MoreAdministration Focuses on Cryptocurrency Regulation
Federal departments implement actions to curb fraud and money laundering. Administration officials spoke last week about the publishing of reports identifying gaps in cryptocurrency regulation. The reports call…
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Justice Department Charges Former Congressman of Fraud
Terrance John “TJ” Cox indicted on 28 counts. The Justice Department unsealed the indictment of former Congressman Terrance John “TJ” Cox this week. Cox is charged with 15…
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