Four Things to Know about the Panama Papers Law Firm, Mossack Fonseca
Summary: On Sunday, a group of journalists published information that tied the wealthy and powerful to possible tax evasion. The…
money laundering
No Jail Time for Madam Who Ran Coffee-Stand Brothels
Summary: A coffee shop owner pleaded guilty to money laundering and promoting prostitution from her stands but won't serve any…
More Bitcoin Turmoil
The author of The End of Money: Counterfeiters, Preachers, Techies, Dreamers – And the Coming of Cashless Society, David Wolman,…
Prostitutes Testify on Behalf of their Pimps
Two pimps, a father and son team, were acquitted of sex trafficking after several prostitutes testified on their behalf. Though…
Carnegie Mellon Hall Trustee Indicted for $600M Laundering
Former Carnegie Mellon University trustee Marco Delgado has been charged for helping a Mexican drug cartel launder $600 million. Specifically…
FBI Uncovers Mexican Drug Cartel’s Laundering Through Bank of America
A Mexican drug cartel has been laundering money through Bank of America. The bank, the second largest in the States,…
Man Accused of Massive Ponzi Scheme to Remain in Jail to Await Trial
R. Allen Stanford, former Texas financier, tried to post bond and be released from jail while awaiting trial, but was…
Morning Roundup
Good Morning! Today is Tuesday, February 9, and here's your daily round up... A Senate report says that attorney-client accounts…
Report Identifies Attorney-Client Accounts as Major Loophole in Money Laundering Laws
In its report released last week, the U.S. Senate's Permanent Subcommittee on Investigations revealed that Chicago-based Sidley Austin LLP transferred…
Another Bad Lawyer Steals from Clients
Um, what is up with lawyers nowadays? This guy steals from escrow funds, this one held on to settlement funds,…