I was recently asked to appear on the CNBC show, “Street Signs” with host Erin Burnett to discuss money laundering. The previous day there had been some headlines about PEP’s smuggling large sums of money into this country so the conversation moved towards discussing the methods of bulk cash smuggling. I was a little offended when they did not provide …
The former Guatemalan president is charged with money laundering in the U.S. Now you know why private banking and PEP’s are so important to pay attention to. Read this report from CNN: http://www.cnn.com/2010/CRIME/01/25/guatemala.ex.president/?hpt=Sbin
Every time a new technology is invented to make our lives easier, the bad guys will find a way to abuse that.
Here’s a link to a great article from the NY Times, 12/25/09, about bulk cash smuggling along the US – Mexico border.
Let’s see, ya got ref’s being bought in the NBA, point shaving scams in college sports, steroids in baseball and football. Well at least soccer is clean…oh no, what’s this, money laundering and soccer…
Mike North’s business partner in a new Internet sports-talk station in Chicago is a convicted felon who has filed for bankruptcy three times and now faces civil charges of running a Ponzi scheme.
PERTH AMBOY — The corruption investigation swirling around former Perth Amboy mayor Joseph Vas took another twist today when a former Vas aide pleaded guilty to accepting $25,000 from a major city developer and funneling the money into a congressional campaign.
The proposed governmental program allowing the purchase of toxic bank assets “presents an ideal opportunity” for criminals wishing to launder money, a U.S. watchdog agency said Tuesday.
The Office of the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”) was created under the Emergency Economic Stabilization Act of 2008 (“EESA”) to conduct, supervise, and coordinate audits and investigations of the purchase, management, guaranty, and sale of assets under the TARP. More than $300 billion has already been expended, and Secretary Geithner has now outlined his plans for how Treasury will spend the balance of the $700 billion approved by Congress under EESA…”
An interesting article regarding possible bank fraud and bail-out funds…