A former Julius Baer Group wealth manager pleaded guilty Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuela state oil company.
Posts Tagged: mmoney laundering
The owner of a Los Angeles Fashion District import-export business and his son pleaded guilty last week to federal charges for “Black Market Peso Exchange” schemes used by international cartels to launder drug money and send it out of the United States.… Continue Reading
Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.… Continue Reading
A judge in California may decide whether federal law reflected by the FCPA prevents charging foreign officials with money laundering in connection with bribes they took.
Judge George H. Wu, left, told the Justice Department that circumventing the FCPA’s ban on prosecuting foreign officials by using other charges may be wrong.… Continue Reading