Ukrainian Citizen Pleads Guilty to Tax Fraud and Money Laundering Charges, Causing Over $9.5M in U.S. Tax Loss
Ukrainian Citizen Pleads Guilty to Tax Fraud and Money Laundering Charges, Causing Over $9.5M in U.S. Tax Loss. Oleg Oliynyk, a Ukrainian citizen, pleaded guilty to charges of conspiracy to defraud the United States and conspiracy to engage in money laundering. The charges stem from his involvement in a large-scale illegal operation spanning from August […]
Former Santa Cruz County Treasurer Pleads Guilty to Embezzling $38 Million and Tax Evasion
Former Santa Cruz County Treasurer Pleads Guilty to Embezzling $38 Million and Tax Evasion. A former official from Santa Cruz County, Arizona, has pleaded guilty to multiple criminal charges, including embezzlement, money laundering, and tax evasion, after misappropriating over $38 million in county funds from 2014 to 2024. Elizabeth Gutfahr, 62, who served as the […]
Connecticut Investor Pleads Not Guilty to Embezzling $3.5 Million in Hedge Fund Scheme
Connecticut Investor Pleads Not Guilty to Embezzling $3.5 Million in Hedge Fund Scheme. A Connecticut investor, Justin Murphy, 49, has entered a plea of not guilty to charges of federal wire fraud and money laundering in connection with an alleged hedge fund embezzlement scheme. Murphy, from Stamford, Connecticut, is accused of misappropriating over $3.5 million […]
“The Englishman” Sentenced to more than 7 Years in Prison for Money Laundering and Ordered to Pay $150K to DEA
“The Englishman” Sentenced to more than 7 Years in Prison for Money Laundering and Ordered to Pay $150K to DEA. Daniel Shaun Zilke, 49, also known as “The Englishman,” has been sentenced to over 7 years in prison by U.S. District Judge R. Gary Klausner. In addition to his prison term, Zilke was ordered to […]
British-Nigerian Sentenced to 7 Years for $5M Business Email Scam
British-Nigerian Sentenced to 7 Years for $5M Business Email Scam. Oludayo Adeagbo, a British-Nigerian national also known as John Edwards and John Dayo, has been sentenced to seven years in prison for his role in orchestrating a multimillion-dollar business email compromise (BEC) scheme. The fraud, which resulted in losses exceeding $5 million, involved a complex […]
Russell Simmons and Kimora Lee Set for High-Stakes Trial Over Million-Dollar Celsius Stocks
Russell Simmons and Kimora Lee Set for High-Stakes Trial Over Million-Dollar Celsius Stocks. A long-running legal battle between music mogul Russell Simmons, 67, and his ex-wife Kimora Lee Simmons, 49, along with her former partner, Tim Leissner is headed to trial, scheduled for January 2, 2026, with both parties set to face off in a […]
Venezuelan TV News Network Owner Accused in Suspected $1.2 Billion Money Laundering Operation
Venezuelan TV News Network Owner Accused in Suspected $1.2 Billion Money Laundering Operation. A federal grand jury in the Southern District of Florida has indicted Raul Gorrin Belisario, 56, the owner of a Venezuelan television news network, for his alleged role in a $1.2 billion money laundering scheme. This operation reportedly stems from corrupt activities […]
TD Bank Guilty on Money Laundering Conspiracy in $1.8B Resolution
TD Bank Guilty on Money Laundering Conspiracy in $1.8B Resolution. TD Bank N.A. and its parent company TD Bank US Holding Company have pleaded guilty and agreed to pay over $1.8 billion in penalties to resolve the investigation over violations of the Bank Secrecy Act (BSA) and money laundering. TD Bank is the first US bank […]
Florida Staffing Co. Charged With Tax and Immigration Fraud
Florida Staffing Co. Charged With Tax and Immigration Fraud. The Owners of a Florida Labor-Staffing Company Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges. Ukrainian Nationals Extradited from Thailand Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them […]
The threat of money laundering in the legal sector and how AML checks help
Traditionally, legal services have been one of the most commonly exploited by criminals seeking to obfuscate the source of ill-gotten gains.