Come on Baby, Light My Fire

In Newsby Kevin SullivanLeave a Comment

A federal grand jury in Louisville, KY indicted a former fire chief on charges that he embezzled and laundered $218,000 dollars earmarked for the Crusade for Children and embezzled $97,000 from the McMahan Fire District. Remember, fraud and money laundering are almost always joined at the hip.

Vatican bank charged with money laundering

In Newsby Kevin SullivanLeave a Comment

The Bank of the Vatican has been accused of laundering $200 million USD by proxy through an Italian creditor.     –  I am really so happy that I do not have to investigate this.  All those years of Catholic school would come back to haunt me.  I can just picture Sister Mary Theresa slapping my hands with a yard …

FinCEN updates 314

In Newsby Kevin SullivanLeave a Comment

FinCEN is issuing this final rule to amend the relevant Bank Secrecy Act (“BSA”) information sharing rules to allow certain foreign law enforcement agencies, and State and local law enforcement agencies, to submit requests for information to financial institutions.

Kevin Sullivan interviewed on CNBC

In Newsby Kevin SullivanLeave a Comment

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 …

Classic example of a PEP

In Newsby Kevin SullivanLeave a Comment

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

Bulk Cash Smuggling

In Newsby Kevin SullivanLeave a Comment

Here’s a link to a great article from the NY Times, 12/25/09, about bulk cash smuggling along the US – Mexico border.

Chicago Sports Webio “Ponzi Scheme”

In Newsby Kevin Sullivan1 Comment

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.

Mayor Joseph Vas Pleads Guilty to Money Laundering

In Newsby Kevin SullivanLeave a Comment

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.