Thursday on MSNBC’s “The Beat,” Rep. Jackie Speier (D-CA) said she believed “money laundering” occurred with Donald Trump’s organization and that is “probably what’s going to bring him down.”Speier said, “So what I’ve been told is that Mr. Cohen wants to tell his full story, so it will probably be outside of the issues relative to the campaign in which he was directed to make these payments. But there are probably many other aspects of his ten years with Donald Trump that will come into focus, whether it’s the Moscow hotel or the other various hotels in which Donald Trump invests in Toronto and Soho and in Panama. I mean I think what we’re really going to find over the long run is the money laundering that went on very volitionally by Donald Trump’s organization is probably what’s going to bring him down.” She added, “I would think that the Foreign Corrupt Practices Act requires … [Read more...] about Rep. Speier: Trump and Oligarchs ‘Were Laundering Money in My View’
What is laundered money
World crimePolice in Amsterdam found the equivalent of nearly $400,000 stuffed into a washing machine on Monday.An unnamed 24-year-old suspect was arrested—appropriately—on suspicion of money laundering, the Netherlands Police reported Thursday.Officers discovered the €350,000 stash jammed into the drum of the machine in wads of mostly €50 and €20 bills, a police photo revealed. The cash does not appear to have been washed.The money was discovered during a search of a property thought to be vacant. Police also found a firearm, multiple cell phones and a money counting machine at the house in Oeverpad in the north-west district of the Dutch capital.Police in the Netherlands may search uninhabited properties listed with local municipalities if they suspect housing fraud or other crimes are taking place.Meanwhile, a whistleblower who helped uncover what may be the largest money laundering operation in history was recently given the go-ahead to give the … [Read more...] about Police Find Laundered Money—in Washing Machine
PAUL Manafort is a US lobbyist, political consultant and lawyer who joined Donald Trump’s campaign team in March 2016. But why was he on trial, was he found guilty of fraud, and what's Donald Trump said? Why is Paul Manafort on trial? Manafort, 69, has been under investigation by various federal agencies in the US. He is a person of interest in the FBI probe looking into possible interference in the 2016 presidential election by the Russian government. The charges against him related to his consulting work for the pro-Russian government of Viktor Yanukovych in the Ukraine. Manafort surrendered to the FBI on October 30, 2017. The charges against him include: conspiracy against the United States, conspiracy to launder money, failure to file reports of a foreign bank and financial accounts and being an unregistered agent of foreign principal. Manafort was found guilty of five tax fraud charges, one charge of hiding foreign bank accounts and two counts of bank fraud. The charges … [Read more...] about Why was Paul Manafort on trial, what is his plea deal with Robert Mueller and when was he Trump’s campaign manager?
MONEY laundering can land you serious jail time - but what is it? Here we reveal what it is, what the penalties are, and whether Roman Abramovich was accused of it. What is money laundering? Money laundering is the process where criminals hide the proceeds of crime by disguising it as legitimate income from another business. Cash can be laundered on a small scale with just one business or a large scale through financial institutions. Money laundering is illegal because cops want crime to be unprofitable. Hundreds of billions of pounds are thought to be knowingly and unknowingly laundered through banks. What is the penalty for it in the UK Money laundering under the Proceeds of Crime Act can lead to a sentence of up to 14 years in jail, or a large fine. The sentence depends on the amount of money involved - the seriousness of the offence increases with the amount of laundered cash. Laundering drug money will typically lead to a higher sentence. The money itself will also be subject to a … [Read more...] about What is money laundering, what is the penalty for it in the UK and what has Roman Abramovich been accused of?
AURORA, Colo. -- It’s a common work-from-home scam that has duped many, but this time it has a cryptocurrency twist.A couple in Aurora, Colorado who did not wish to be identified, shared their story with Scripps station KMGH in Denver about being tricked into laundering thousands of dollars, in order to keep others from falling for the scam as well. KMGH changed their names and disguised their identities to protect them. "It all fell apart so quickly," said John, who along with Marie, ignored the red flags all around them. "We don't want to go to jail. We laundered money and we stole money from people, that's what it could look like to someone."They thought they had found the perfect job: working from home as “financial agents” for a company called Golden Potatoes. At the time, never meeting their boss in person made sense because the company was headquartered out of state and the website looked legitimate.A Colorado Bureau of Investigation … [Read more...] about Colorado couple duped into laundering money