Money Laundering

July 25, 2019

Two Colombian businessmen charged with money laundering in connection with Venezuela bribery scheme

MIAMI – Alex Nain Saab Moran, 47, and Alvaro Pulido Vargas, 55, both citizens of Colombia, were each charged in an eight-count indictment returned in the Southern District of Florida with one count of conspiracy to commit money laundering and seven counts of money laundering. The indictment also alleges and seeks forfeiture in excess of $350 million representing the amount of funds involved in the violation.

July 8, 2019

Chinese national pleads guilty for failing to report foreign national bank account

CHARLOTTE, N.C. – Lili Bian, a 59-year old citizen of China and a lawful permanent resident of the United States living in Charlotte, appeared in federal court today and pleaded guilty to failing to report a foreign bank account with a balance exceeding $10,000, announced U.S. Attorney for the Western District of North Carolina Andrew Murray. U.S. Magistrate Judge David C.

October 4, 2018

Federal jury convicts Arizona man of drug trafficking and money laundering conspiracy charges

SYRCAUSE, NY - Drug Enforcement Administration Special Agent in Charge James J. Hunt of the New York Division, United States Attorney Grant C. Jaquith, U.S. Postal Inspector in Charge Joseph Cronin, and New York State Police Superintendent George P. Beach II announced that Alonzo Harris, 43, of Youngtown, Arizona, was convicted today of federal drug trafficking and money laundering charges following a four-day jury trial.

September 11, 2018

Postal Annex owner sentenced for structuring currency transactions

SAN DIEGO – Lahkwinder Singh was sentenced in federal court on Sept. 7, 2018, to 36 months in federal prison and a forfeiture of $1,955,521 to the United States for structuring approximately $2,955,521 in currency transactions with domestic financial institutions. The 36-month sentence is one of the longest imposed in the Southern District of California for a structuring conviction. Singh’s closely held corporation, Lovely Singh, Inc., was ordered to forfeit $1,000,000, and serve a 5-year term of probation.

August 22, 2018

Two Chinese nationals charged with operating global opioid and drug manufacturing conspiracy resulting in deaths

WASHINGTON - While in Cleveland, Ohio, Attorney General Jeff Sessions today announced the unsealing of a 43-count indictment in federal court in Cleveland, which charges two Chinese citizens with operating a conspiracy that manufactured and shipped deadly fentanyl analogues and 250 other drugs to at least 25 countries and 37 states.  The indictment also alleges the drugs sold by the group directly led to the fatal overdoses of two people in Akron, Ohio.

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