Tag Archives: money laundering

Frederick Curry, Michael Shepard New Deloitte Anti-Money Laundering, Economic Sanctions Leaders

Deloitte has appointed Frederick Curry III and Michael Shepard as leaders of the anti-money laundering and economic sanctions advisory practice and global AML, economic sanctions and financial crimes practice, respectively. Don Fancher, Deloitte global forensics leader, said in a release posted Monday, that senior AML professionals Curry and Shepard will work …

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Juan Zarate on his Latest Book ‘Treasury’s War’, Private-Public Financial Collaboration in National Security Efforts, and the Power of the ‘Carrot’ of Financial Inclusion

On the heels of the late 2013 release of his second book, Treasury's War: The Unleashing of a New Era of Financial Warfare, Juan Zarate caught up with ExecutiveBiz to discuss his and the Treasury Department's work in the years after 9/11 to promote U.S. national security interests through sophisticated …

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British Teen Credit Card Scammer Goes to Jail

A teenager and his friends, who stole $25 million from 130,000 hacked credit cards around the world, have been sentenced to prison for organizing “the largest English-language online cyber crime forum.” Toronto Star reported that 19-year-old Nicholas Webber, the creator of Gh0stMarket.net, was sentenced to five years in prison. Co-conspirator …

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Holy Matrimony: Husband and Wife Net $1.5 Million in eBay Scam

A scamming husband-and-wife team from Nevada has been found guilty of defrauding eBay customers who shelled out small fortunes for advertised high-end kitchen appliances they never received. Darin Jerome French and Jennifer Lynn French were convicted last week of mail fraud, wire fraud and money laundering in connection with an …

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Romanian Conman Pleads Guilty to Defrauding Online Bidders

A Romanian man has pleaded guilty to one count each of wire fraud and conspiracy for his role in moving and hiding the illegal proceeds of an international fraud that targeted Internet bidders. Court documents say 33-year-old Adrian Ghighina of Bucharest, Romania, came to the United States in 2004 acting …

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Howard Schmidt: US to Have 'Tough' Talks on Cybersecurity

The United States plans to launch a diplomatic push to get more countries joining in cyber-crime investigations, the White House cybersecurity coordinator said yesterday. “In the very near future, we will be coming forth with specific efforts“ that may include “tough discussions“ with countries to ensure they help hunt down …

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Owner of Illegal Internet Pharmacy Pleads Guilty in California

The owner of an illegal Internet pharmacy has pleaded guilty to distributing controlled substances outside the scope of professional medical practice. Robert Smoley, the owner of United Mail Pharmacy Services, admitted he and others distributed $48 million worth of controlled pharmaceutical substances. Smoley said these distributions were done without a …

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Cyber Crime on the Rise in Spain

Authorities in Malaga, Spain, have reported that child pornography and fraud account for more than half of cyber crime, Euro Weekly reports. Since its creation more than 18 months ago, the Computer Crime Service of Malaga Public Prosecutor's Office has  investigated almost 500 crimes. More than half of cases were …

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Facebook Used to Find Money Mules

Phishers are looking into different ways of reaching new recruits of cyber criminals by casting their nets onto social networking sites, creating special Facebook groups for their work-at-home scams, according to Kaspersky Lab. Far from a novel idea, phishers have been using social networks for years to find new recruits. …

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Hacker Gets 37 Months in Jail for Hacking Brokerage Accounts

A hacker who broke into brokerage accounts at Charles Schwab, laundered more than $246,000, and sold stolen credit-card numbers has been sentenced by the Manhattan Federal Court to 37 months in prison. From approximately September 2006 through December 2007, Aleksey Volynskiy and Alexander Bobnev participated in a scheme to steal …

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Security Agencies Seek to Read Criminals' Poker Face

Money laundering is an art used by arms dealers, drug dealers and other criminals. It takes “dirty money” (obtained through illegal means) and “cleans” it, making it appear to be legitimately earned. In the past, coin-operated businesses (like laundromats) were used. Now criminals have moved into cyberspace, using online gambling …

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