Latest news with #moneylaundering
Yahoo
an hour ago
- Business
- Yahoo
Father, son indicted on charges of smuggling crude oil, supporting Mexican cartel
The Brief Two Utah men with ties to a South Texas company face federal charges for allegedly supporting the CJNG cartel, a designated terrorist group. They are accused of providing U.S. currency to the cartel and laundering money from illegally smuggled crude oil through their Rio Hondo business. If convicted, the men face up to 20 years in prison for the main charges; authorities also seek a $300 million judgment and have seized assets. TEXAS - Two family members with ties to South Texas face federal charges for allegedly conspiring to provide material support to a Mexican drug cartel designated as a foreign terrorist organization, along with money laundering and smuggling crude oil, federal authorities announced. A superseding indictment returned May 22 in the Southern District of Texas charges Maxwell Sterling Jensen, 25, of Draper, Utah, and James Lael Jensen, 68, of Sandy, Utah, with conspiring to provide U.S. currency to the Cartel de Jalisco Nueva Generación (CJNG). The U.S. Secretary of State designated CJNG as a foreign terrorist organization earlier this year. The indictment alleges the Jensen father-son duo operated Arroyo Terminals, a company based in Rio Hondo, Texas. They are accused of conspiring to conduct financial transactions to conceal proceeds from illegally smuggled crude oil and aiding the fraudulent entry of approximately 2,881 shipments of oil. What they're saying "This case underscores the more aggressive and innovative approach we are taking towards combatting the scourge of drug cartels," said U.S. Attorney Nicholas Ganjei for the Southern District of Texas, emphasizing a focus on cartel enablers. "Cases like this highlight the often-dangerous relationships between alleged unscrupulous U.S. businesses and terrorist organizations," said ICE Homeland Security Investigations San Antonio Special Agent in Charge Craig Larrabee. "Through strong collaborations and relentless investigative work, we and our partners exposed a possible large-scale operation that allegedly attempted to move millions in illicit crude oil and launder the proceeds. HSI remains committed to protecting our economy and holding offenders accountable." Dig deeper The investigation, dubbed "Operation Liquid Death," involved U.S. Immigration and Customs Enforcement, the Drug Enforcement Administration, the FBI, and IRS Criminal Investigation, with assistance from other federal and state agencies. What's next Authorities have seized four tank barges with crude oil, tanker trucks, and other property. The government is also seeking a $300 million money judgment upon conviction. The charges of conspiracy to provide material support and conspiracy to commit money laundering each carry a potential prison term of up to 20 years. Additional smuggling charges carry potential sentences of five to 10 years. Assistant U.S. Attorneys James Sturgis and Laura Garcia are prosecuting the case. The Source Information in this article is from U.S. Immigrations and Customs Enforcement.
Daily Mail
7 hours ago
- General
- Daily Mail
EXCLUSIVE In Britain's second-largest city, some areas are 86% Muslim, Pakistani flags fly from lampposts and ugly sectarian politics threaten to tear the social fabric apart, as DAVID PATRIKARAKOS discovers in a devastating dispatch
Last month, a criminal lawyer from the Perry Barr district of Birmingham was charged with money laundering offences following a National Crime Agency investigation. Akhmed Yakoob is not due to appear at Westminster Magistrates' Court until the middle of next month but on Wednesday he came out fighting.
Yahoo
14 hours ago
- Business
- Yahoo
From teens to seniors, 41 face money mule charges in Singapore
SINGAPORE, June 1 — A total of 41 people, including a teenager, are expected to be charged this week for their alleged roles as money mules or for facilitating scam-related activities, amid rising concern over online fraud in the country. According to The Straits Times, the suspects — 32 men and nine women aged between 16 and 64 — are believed to have been involved in a range of scams, including government official impersonation scams, job scams, rental scams, e-commerce scams, and fake friend call scams. Between June 2 and 6, they are expected to be charged with offences such as assisting others to retain benefits from criminal conduct, abetment to cheating, allowing unauthorised access to computer material, and illegally disclosing passwords or access codes to Singpass, Singapore's national digital identity system. According to police, 35 of the suspects are accused of selling or handing over their personal bank accounts to criminal syndicates, enabling money laundering activities. Some had allegedly deceived banks into opening accounts, only to pass on the ATM cards and internet banking credentials to unknown parties. Others are believed to have unlawfully disclosed their Singpass credentials, which allowed scammers to misuse their identities to open bank accounts. 'Anyone who allows their personal bank accounts to be used to receive and transfer money for others will be held accountable if these transactions are linked to crimes,' the police said. In several cases, suspects were promised commissions of up to S$9,000 (RM30,000) for their bank or Singpass accounts but ultimately received no payment. Under Singapore law, those convicted of helping another person retain criminal proceeds or abet cheating can face up to three years' jail, a fine, or both. Meanwhile, facilitating unauthorised access to computer material carries a sentence of up to two years' jail, a fine, or both. Offenders who illegally disclose Singpass credentials can also be jailed for up to three years, fined, or both. The Straits Times reported that Singapore saw a record S$1.1 billion lost to scams in 2024 — about 70 per cent more than the S$651.8 million lost in 2023. Police also recorded 51,501 scam reports in 2024, up from 46,563 the year before. In response to the surge, 230 money mules were charged between August 2024 and March 2025 under stiffer sentencing guidelines introduced on August 21, 2024. All adult offenders received jail terms of at least six months, while offenders below 21 were sent for reformative training.
Malay Mail
15 hours ago
- Business
- Malay Mail
From teens to seniors, 41 face money mule charges in Singapore
SINGAPORE, June 1 — A total of 41 people, including a teenager, are expected to be charged this week for their alleged roles as money mules or for facilitating scam-related activities, amid rising concern over online fraud in the country. According to The Straits Times, the suspects — 32 men and nine women aged between 16 and 64 — are believed to have been involved in a range of scams, including government official impersonation scams, job scams, rental scams, e-commerce scams, and fake friend call scams. Between June 2 and 6, they are expected to be charged with offences such as assisting others to retain benefits from criminal conduct, abetment to cheating, allowing unauthorised access to computer material, and illegally disclosing passwords or access codes to Singpass, Singapore's national digital identity system. According to police, 35 of the suspects are accused of selling or handing over their personal bank accounts to criminal syndicates, enabling money laundering activities. Some had allegedly deceived banks into opening accounts, only to pass on the ATM cards and internet banking credentials to unknown parties. Others are believed to have unlawfully disclosed their Singpass credentials, which allowed scammers to misuse their identities to open bank accounts. 'Anyone who allows their personal bank accounts to be used to receive and transfer money for others will be held accountable if these transactions are linked to crimes,' the police said. In several cases, suspects were promised commissions of up to S$9,000 (RM30,000) for their bank or Singpass accounts but ultimately received no payment. Under Singapore law, those convicted of helping another person retain criminal proceeds or abet cheating can face up to three years' jail, a fine, or both. Meanwhile, facilitating unauthorised access to computer material carries a sentence of up to two years' jail, a fine, or both. Offenders who illegally disclose Singpass credentials can also be jailed for up to three years, fined, or both. The Straits Times reported that Singapore saw a record S$1.1 billion lost to scams in 2024 — about 70 per cent more than the S$651.8 million lost in 2023. Police also recorded 51,501 scam reports in 2024, up from 46,563 the year before. In response to the surge, 230 money mules were charged between August 2024 and March 2025 under stiffer sentencing guidelines introduced on August 21, 2024. All adult offenders received jail terms of at least six months, while offenders below 21 were sent for reformative training.
Yahoo
21 hours ago
- Business
- Yahoo
Upstate man indicted for embezzling $1.6 million from company
GREENVILLE, S.C. (WSPA) – A Greenville man was indicted for stealing approximately $1.6 million from a Long Island company. Tony Ream, 33, of Greenville, South Carolina, was arraigned in a federal court on Friday. Authorities say he's accused of wire fraud and money laundering for a worldwide medical and dental supply distributor company based in New York. According to the Department of Justice (DOJ), Ream was a credit supervisor for the company. Ream was hired in 2019 by the company to work in their credit department, and was given the role of credit supervisor in 2020, according to the United States Attorney's Office. Investigators said over the course of four years, Ream was accused of stealing corporate funds from customer refund accounts and reportedly sent wire transfers that reached a total of $1.6 million from the company's bank account to a bank account he owned. The DOJ claimed that Ream used the funds to pay for his wedding, as well as fund a failed restaurant in South Carolina. Ream also accused of spending the funds on luxury vacations. 'As alleged, Ream is a thief who abused his authority and betrayed his employer to fund his lifestyle, including paying for the renovations of a restaurant he opened, footing the bill for his own wedding, and traveling around the world, all on the company's dime,' stated United States Attorney Nocella. 'Embezzling company funds is a serious crime and my Office will vigorously prosecute this case to ensure Ream is held accountable for his brazen scheme.' If convicted, Ream could face a charged of up to 20 years in prison. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
